Allspring Global Investments Holdings LLC Boosts Holdings in TransUnion (NYSE:TRU)

Allspring Global Investments Holdings LLC lifted its holdings in shares of TransUnion (NYSE:TRU - Free Report) by 9.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 442,009 shares of the business services provider's stock after purchasing an additional 39,481 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.23% of TransUnion worth $37,067,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Townsquare Capital LLC boosted its position in shares of TransUnion by 1.0% during the 4th quarter. Townsquare Capital LLC now owns 10,311 shares of the business services provider's stock worth $956,000 after acquiring an additional 100 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of TransUnion by 5.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,642 shares of the business services provider's stock worth $245,000 after buying an additional 139 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of TransUnion by 28.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 733 shares of the business services provider's stock worth $68,000 after buying an additional 164 shares during the last quarter. Huntington National Bank grew its stake in shares of TransUnion by 58.7% during the fourth quarter. Huntington National Bank now owns 454 shares of the business services provider's stock worth $42,000 after buying an additional 168 shares during the last quarter. Finally, Metis Global Partners LLC lifted its holdings in shares of TransUnion by 5.8% during the fourth quarter. Metis Global Partners LLC now owns 3,126 shares of the business services provider's stock worth $290,000 after purchasing an additional 172 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Bank of America assumed coverage on shares of TransUnion in a report on Thursday, April 10th. They set an "underperform" rating and a $84.00 price target on the stock. Wells Fargo & Company cut their price target on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus cut their price target on shares of TransUnion from $120.00 to $112.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Oppenheimer lifted their price target on shares of TransUnion from $96.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Barclays cut their price target on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $109.69.

Insider Buying and Selling at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $84.91, for a total transaction of $84,910.00. Following the completion of the sale, the insider directly owned 75,393 shares of the company's stock, valued at $6,401,619.63. The trade was a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.25% of the company's stock.

TransUnion Trading Up 2.1%

TRU stock traded up $1.88 during midday trading on Tuesday, hitting $89.88. The stock had a trading volume of 2,204,133 shares, compared to its average volume of 1,782,706. The firm has a market cap of $17.53 billion, a P/E ratio of 47.81, a price-to-earnings-growth ratio of 2.41 and a beta of 1.65. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 1.13. TransUnion has a 1-year low of $66.38 and a 1-year high of $113.17. The business has a fifty day moving average price of $85.83 and a two-hundred day moving average price of $87.84.

TransUnion (NYSE:TRU - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.07. TransUnion had a net margin of 8.63% and a return on equity of 16.18%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. TransUnion's revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.115 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.46 annualized dividend and a dividend yield of 0.51%. TransUnion's dividend payout ratio is currently 24.47%.

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.