Park Avenue Securities LLC Invests $490,000 in TransUnion (NYSE:TRU)

On October 12, 2024, it was reported that Park Avenue Securities LLC has made a significant investment in TransUnion (NYSE: TRU). The investment, totaling approximately $490,000, involved the purchase of 4,684 shares of the company during the third quarter.

This move by Park Avenue Securities LLC is part of a broader trend where various hedge funds and institutional investors are engaging in transactions involving TransUnion shares. For instance, SG Americas Securities LLC also acquired a new stake in TransUnion during the same quarter, with an investment valued at around $469,000. Abacus Planning Group Inc. invested approximately $216,000 by acquiring new shares during the third quarter, while Sanctuary Advisors LLC entered the market previously in the second quarter, investing about $1,008,000. Additionally, Next Capital Management LLC purchased a new position worth $422,000 in the same quarter. Brandes Investment Partners LP boosted their holdings during the second quarter, increasing their stock ownership by 32.4%, resulting in a valuation of $601,000 after purchasing an additional 1,984 shares.

Analyst Opinions on TransUnion

Equity analysts have been actively reviewing TransUnion shares (TRU). Notably, The Goldman Sachs Group raised their price target for TransUnion from $97.00 to $109.00, maintaining a “neutral” rating as of a report on October 2nd. Royal Bank of Canada also increased their price target from $85.00 to $106.00 while assigning an “outperform” rating in a report dated July 26th. Similarly, Robert W. Baird adjusted their price target, raising it from $94.00 to $104.00 on the same date, giving the company an “outperform” rating.

Bank of America upgraded TransUnion's rating from “neutral” to “buy,” setting a price objective of $92.00 in a research note released June 20th. Morgan Stanley also made a positive adjustment, raising their target price from $96.00 to $103.00 with an “overweight” rating reported on September 12th. Currently, analysts have given TransUnion 7 hold ratings and 11 buy ratings. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a target price averaging $98.71.

TransUnion Stock Performance

As of Friday, the stock for TransUnion, trading under the ticker TRU, opened at $105.64. The company boasts a market capitalization of $20.53 billion, a PE ratio of -83.18, and a price-to-earnings-growth ratio of 1.42. TransUnion's stock has a 50-day moving average price of $97.68 and a two-hundred-day moving average price of $83.72. Its current ratio is reported at 1.66, with a quick ratio of the same figure and a debt-to-equity ratio of 1.22. Over the past twelve months, TransUnion’s stock has fluctuated, hitting a low of $42.09 and a high of $108.56.

Recent Earnings and Dividends

TransUnion shared its latest quarterly earnings data on July 25th, reporting earnings of $0.99 per share—exceeding analyst expectations of $0.86 by $0.13. The company witnessed revenue totaling $1.04 billion for the quarter, surpassing analyst estimates of $1.02 billion. The firm had a positive return on equity of 15.03%, though it reported a negative net margin of 6.11%. TransUnion's revenue shows a 7.5% year-over-year increase, with the same period last year reporting earnings of $0.76 per share.

Additionally, TransUnion announced a quarterly dividend that was paid on September 9th. This dividend amounted to $0.105, with the record date being August 23rd, representing an annualized dividend yield of 0.40%. The payout ratio currently stands at -33.07%.

Insider Transactions

In related news concerning insiders at TransUnion, executive vice president Heather J. Russell sold 3,173 shares of the stock on August 29th for an average price of $95.58, amounting to approximately $303,275.34. Following this transaction, she holds about 19,926 shares, valued at around $1.90 million. Additionally, EVP Timothy J. Martin sold 2,500 shares on October 1st for a total of $261,475.00, retaining 46,739 shares currently worth nearly $4.89 million. Notably, insiders have collectively sold 13,715 shares of TransUnion valued at $1.3 million over the last quarter, with insiders holding approximately 0.22% of the stock.Investment, Stocks, TransUnion