Convergence Investment Partners LLC Purchases Shares of 8,187 TransUnion (NYSE:TRU)

Convergence Investment Partners LLC acquired a new position in shares of TransUnion (NYSE:TRU - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,187 shares of the business services provider's stock, valued at approximately $679,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of TransUnion by 52.5% in 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 purchasing an additional 2,323,339 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of TransUnion by 10.9% in 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 purchasing an additional 2,134,342 shares in the last quarter. Norges Bank acquired a new stake in shares of TransUnion in the 4th quarter valued at $180,011,000. Point72 Asset Management L.P. acquired a new stake in shares of TransUnion in the 4th quarter valued at $74,283,000. Finally, FMR LLC raised its holdings in shares of TransUnion by 11.1% in the 4th quarter. FMR LLC now owns 5,044,865 shares of the business services provider's stock valued at $467,709,000 after purchasing an additional 503,969 shares in the last quarter.

Analyst Upgrades and Downgrades

TRU has been the topic of several research analyst reports. UBS Group lifted their price target on shares of TransUnion from $98.00 to $105.00 and gave the stock a "neutral" rating in a research note on Friday. Needham & Company LLC reiterated a "hold" rating on shares of TransUnion in a research note on Friday. BMO Capital Markets lifted their price target on shares of TransUnion from $115.00 to $118.00 and gave the stock an "outperform" rating in a research note on Friday. 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 research note on Friday, April 25th. Finally, Wells Fargo & Company cut their price target on shares of TransUnion from $124.00 to $118.00 and set an "overweight" rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $112.46.

Insider Buying and Selling

In related news, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $87.14, for a total transaction of $87,140.00. Following the sale, the insider owned 74,393 shares of the company's stock, valued at approximately $6,482,606.02. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 3,000 shares of company stock worth $255,010 over the last quarter. 0.22% of the stock is currently owned by insiders.

TransUnion Stock Performance

Shares of NYSE:TRU traded up $0.79 during midday trading on Friday, hitting $99.22. The stock had a trading volume of 2,465,149 shares, compared to its average volume of 2,420,767. The company has a market capitalization of $19.36 billion, a PE ratio of 49.61, a P/E/G ratio of 2.71 and a beta of 1.63. The stock has a 50 day moving average price of $88.78 and a two-hundred day moving average price of $87.76. 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.

TransUnion (NYSE:TRU - Get Free Report) last issued its earnings results on Thursday, July 24th. The business services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.09. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. TransUnion had a net margin of 8.99% and a return on equity of 16.31%. The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 earnings per share. As a group, equities 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. Investors of record on Thursday, May 22nd were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Thursday, May 22nd. TransUnion's dividend payout ratio is currently 24.47%.

TransUnion Company Profile

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.