Qsemble Capital Management LP Makes New Investment in The Western Union Company (NYSE:WU)

Qsemble Capital Management LP bought a new position in The Western Union Company (NYSE:WU) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,464 shares of the credit services provider’s stock, valued at approximately $196,000.

Several other hedge funds also recently bought and sold shares of the company. Quarry LP increased its position in Western Union by 52.9% in the 2nd quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 895 shares during the last quarter. National Bank of Canada FI increased its position in Western Union by 1.1% in the 2nd quarter. National Bank of Canada FI now owns 80,813 shares of the credit services provider’s stock worth $979,000 after purchasing an additional 896 shares during the last quarter. Dakota Wealth Management boosted its stake in shares of Western Union by 1.8% during the 2nd quarter. Dakota Wealth Management now owns 56,066 shares of the credit services provider’s stock worth $685,000 after acquiring an additional 979 shares in the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of Western Union by 31.1% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 4,316 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 1,024 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Western Union by 4.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 27,050 shares of the credit services provider’s stock worth $331,000 after acquiring an additional 1,091 shares in the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Western Union Price Performance

Shares of NYSE:WU opened at $11.02 on Friday. The business has a 50 day moving average price of $11.32 and a 200 day moving average price of $11.96. The Western Union Company has a twelve month low of $10.51 and a twelve month high of $14.19. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 5.65, a PEG ratio of 1.56 and a beta of 0.87. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.96.

Western Union (NYSE:WU) last announced its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Western Union had a return on equity of 120.39% and a net margin of 16.07%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 EPS. Research analysts predict that The Western Union Company will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. StockNews.com upgraded Western Union from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, UBS Group decreased their price target on Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, Western Union presently has a consensus rating of “Hold” and an average target price of $12.86.

About Western Union

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.