Diamond Hill Capital Management Inc. Invests $13.81 Million in TransUnion (NYSE:TRU)

Key Points

• Diamond Hill Capital Management Inc. has acquired a new position in TransUnion, purchasing 166,402 shares valued at approximately $13.8 million in the first quarter.
• TransUnion's stock recently received several target price adjustments from analysts, with Oppenheimer raising its target from $100.00 to $108.00 and UBS Group increasing its target from $98.00 to $105.00.
• The company announced a quarterly dividend of $0.115 per share, resulting in an annualized dividend yield of 0.46%.

Diamond Hill Capital Management Inc. bought a new stake in shares of TransUnion (NYSE:TRU - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 166,402 shares of the business services provider's stock, valued at approximately $13,810,000. Diamond Hill Capital Management Inc. owned about 0.09% of TransUnion as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TRU. Wellington Management Group LLP grew its holdings in TransUnion by 52.5% during the 4th quarter. Wellington Management Group LLP now owns 6,749,849 shares of the business services provider's stock valued at $625,779,000 after buying an additional 2,323,339 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in TransUnion by 10.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 21,674,473 shares of the business services provider's stock valued at $1,798,765,000 after buying an additional 2,134,342 shares during the last quarter. Norges Bank acquired a new stake in TransUnion during the 4th quarter valued at $180,011,000. Point72 Asset Management L.P. acquired a new stake in shares of TransUnion during the fourth quarter worth $74,283,000. Finally, FMR LLC boosted its holdings in shares of TransUnion by 11.1% during the fourth quarter. FMR LLC now owns 5,044,865 shares of the business services provider's stock worth $467,709,000 after purchasing an additional 503,969 shares during the last quarter.

Insider Activity at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $87.14, for a total transaction of $87,140.00. Following the transaction, the insider owned 74,393 shares in the company, valued at $6,482,606.02. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 3,000 shares of company stock worth $255,010 in the last 90 days. Insiders own 0.22% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wall Street Zen upgraded TransUnion from a "hold" rating to a "buy" rating in a report on Saturday. Needham & Company LLC restated a "hold" rating on shares of TransUnion in a report on Friday. Stifel Nicolaus decreased their price objective on TransUnion from $120.00 to $112.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group restated a "neutral" rating and set a $105.00 price objective (up previously from $98.00) on shares of TransUnion in a report on Friday. Finally, Barclays decreased their price objective on TransUnion from $105.00 to $85.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, TransUnion has an average rating of "Moderate Buy" and an average target price of $112.46.

TransUnion Stock Down 0.2%

Shares of TRU traded down $0.19 during midday trading on Monday, reaching $99.03. 366,383 shares of the company were exchanged, compared to its average volume of 2,075,679. The stock has a 50-day moving average price of $88.78 and a 200-day moving average price of $87.74. The company has a market cap of $19.32 billion, a price-to-earnings ratio of 49.45, a P/E/G ratio of 2.71 and a beta of 1.63. TransUnion has a 1-year low of $66.38 and a 1-year high of $113.17. The company has a current ratio of 2.03, a quick ratio of 2.02 and a debt-to-equity ratio of 1.09.

TransUnion (NYSE:TRU - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.09. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.10 billion. TransUnion had a return on equity of 16.08% and a net margin of 8.99%. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 earnings per share. Research analysts expect that TransUnion will post 3.99 earnings per share for the current year.

TransUnion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Thursday, May 22nd. TransUnion's dividend payout ratio is presently 23.00%.

About TransUnion

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.