Ameriprise Financial Inc. reduced its stake in shares of TransUnion (NYSE:TRU - Free Report) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,016,723 shares of the business services provider's stock after selling 56,729 shares during the period. Ameriprise Financial Inc. owned approximately 0.52% of TransUnion worth $94,260,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in TRU. Wellington Management Group LLP raised its holdings in shares of TransUnion by 52.5% during the fourth quarter. Wellington Management Group LLP now owns 6,749,849 shares of the business services provider's stock worth $625,779,000 after purchasing an additional 2,323,339 shares during the last quarter. Norges Bank purchased a new position in TransUnion in the fourth quarter valued at $180,011,000. William Blair Investment Management LLC increased its holdings in TransUnion by 30.6% in the fourth quarter. William Blair Investment Management LLC now owns 3,370,742 shares of the business services provider's stock valued at $312,501,000 after buying an additional 789,497 shares in the last quarter. FMR LLC increased its holdings in TransUnion by 11.1% in the fourth quarter. FMR LLC now owns 5,044,865 shares of the business services provider's stock valued at $467,709,000 after buying an additional 503,969 shares in the last quarter. Finally, Independent Franchise Partners LLP increased its holdings in TransUnion by 22.0% in the fourth quarter. Independent Franchise Partners LLP now owns 2,086,050 shares of the business services provider's stock valued at $193,398,000 after buying an additional 375,736 shares in the last quarter.
TransUnion Price Performance
Shares of TRU stock traded up $5.70 on Monday, reaching $91.81. 1,669,747 shares of the company were exchanged, compared to its average volume of 1,673,148. The company has a market cap of $17.91 billion, a price-to-earnings ratio of 62.88, a P/E/G ratio of 1.18 and a beta of 1.67. TransUnion has a 1 year low of $66.38 and a 1 year high of $113.17. The business has a 50-day moving average price of $80.82 and a 200 day moving average price of $91.30. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.70 and a current ratio of 1.70.
TransUnion (NYSE:TRU - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. TransUnion's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share. Equities research analysts forecast that TransUnion will post 3.99 earnings per share for the current fiscal year.
TransUnion Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Thursday, May 22nd will be given a dividend of $0.115 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.46 dividend on an annualized basis and a yield of 0.50%. TransUnion's payout ratio is presently 24.47%.
TransUnion declared that its board has authorized a stock repurchase plan on Thursday, February 13th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on TRU shares. Stifel Nicolaus cut their price objective on shares of TransUnion from $120.00 to $112.00 and set a "buy" rating for the company in a report on Friday, April 25th. William Blair reaffirmed an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. Jefferies Financial Group cut their price objective on shares of TransUnion from $125.00 to $115.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Oppenheimer lifted their price objective on shares of TransUnion from $93.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Finally, Bank of America initiated coverage on shares of TransUnion in a report on Thursday, April 10th. They issued an "underperform" rating and a $84.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $109.38.
Read Our Latest Report on TRU
Insider Buying and Selling
In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $82.96, for a total value of $82,960.00. Following the transaction, the insider now directly owns 76,393 shares in the company, valued at $6,337,563.28. The trade was a 1.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Venkat Achanta sold 1,821 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total transaction of $174,342.54. Following the completion of the transaction, the executive vice president now owns 105,443 shares in the company, valued at $10,095,112.82. The trade was a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,021 shares of company stock worth $359,761. 0.22% of the stock is owned by insiders.
About TransUnion
(
Free Report)
TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates through U.S. Markets, International, and Consumer Interactive segments. The U.S. Markets segment provides consumer reports, actionable insights, and analytic services to businesses, which uses its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and mitigate fraud risk.
Further Reading
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