Eagle Rock Investment Company LLC acquired a new position in TransUnion (NYSE:TRU - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,101 shares of the business services provider's stock, valued at approximately $423,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in TransUnion by 1.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 19,540,131 shares of the business services provider's stock worth $1,811,566,000 after purchasing an additional 359,569 shares in the last quarter. Vanguard Group Inc. grew its position in shares of TransUnion by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 18,066,657 shares of the business services provider's stock valued at $1,674,960,000 after acquiring an additional 241,019 shares during the period. Wellington Management Group LLP grew its position in shares of 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 acquiring an additional 2,323,339 shares during the period. Van ECK Associates Corp grew its position in shares of TransUnion by 7.4% during the 4th quarter. Van ECK Associates Corp now owns 5,139,607 shares of the business services provider's stock valued at $476,493,000 after acquiring an additional 356,306 shares during the period. Finally, FMR LLC grew its position in shares of TransUnion by 11.1% during the 4th quarter. FMR LLC now owns 5,044,865 shares of the business services provider's stock valued at $467,709,000 after acquiring an additional 503,969 shares during the period.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on TRU shares. William Blair reissued an "outperform" rating on shares of TransUnion in a research report on Monday, March 24th. Barclays reduced their target price on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Oppenheimer increased their target price on shares of TransUnion from $96.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Bank of America began coverage on shares of TransUnion in a research report on Thursday, April 10th. They set an "underperform" rating and a $84.00 target price for the company. Finally, Wells Fargo & Company dropped their price target on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.69.
Read Our Latest Stock Report on TRU
Insider Buying and Selling
In related news, insider Steven M. Chaouki sold 1,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $84.91, for a total transaction of $84,910.00. Following the sale, the insider now owns 75,393 shares of the company's stock, valued at approximately $6,401,619.63. This represents a 1.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 3,000 shares of company stock valued at $251,180. Company insiders own 0.22% of the company's stock.
TransUnion Stock Performance
Shares of TRU stock opened at $86.20 on Friday. The firm's 50 day moving average is $81.80 and its 200 day moving average is $89.40. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $16.82 billion, a P/E ratio of 59.04, a PEG ratio of 1.18 and a beta of 1.64. TransUnion has a 12 month low of $66.38 and a 12 month high of $113.17.
TransUnion (NYSE:TRU - Get Free Report) last posted its 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 business 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 revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, sell-side analysts anticipate that TransUnion will post 3.99 earnings per share for the current year.
TransUnion Dividend Announcement
The company also recently announced 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 0.53%. The ex-dividend date was Thursday, May 22nd. TransUnion's dividend payout ratio (DPR) is presently 24.47%.
TransUnion declared that its Board of Directors has approved a share buyback program on Thursday, February 13th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.
TransUnion Profile
(
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.
See Also
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