Kentucky Retirement Systems Takes Position in TransUnion (NYSE:TRU)

Kentucky Retirement Systems bought a new stake in shares of TransUnion (NYSE:TRU - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,246 shares of the business services provider's stock, valued at approximately $1,099,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRU. Principal Securities Inc. grew its position in shares of TransUnion by 62.6% during the 4th quarter. Principal Securities Inc. now owns 805 shares of the business services provider's stock valued at $75,000 after acquiring an additional 310 shares during the period. Truist Financial Corp grew its position in shares of TransUnion by 29.1% during the 4th quarter. Truist Financial Corp now owns 24,326 shares of the business services provider's stock valued at $2,255,000 after acquiring an additional 5,479 shares during the period. Bank of New York Mellon Corp grew its position in shares of TransUnion by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,152,813 shares of the business services provider's stock valued at $106,877,000 after acquiring an additional 42,293 shares during the period. Illinois Municipal Retirement Fund bought a new position in shares of TransUnion during the 4th quarter valued at approximately $643,000. Finally, FFT Wealth Management LLC grew its position in shares of TransUnion by 40.8% during the 4th quarter. FFT Wealth Management LLC now owns 3,707 shares of the business services provider's stock valued at $344,000 after acquiring an additional 1,075 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. 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. William Blair reaffirmed an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. Wells Fargo & Company cut their price objective on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Monday, April 14th. 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. Finally, Barclays cut their price objective on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. One investment 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. According to MarketBeat, TransUnion currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.69.

Insider Activity

In other news, insider Steven M. Chaouki sold 1,000 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $82.96, for a total transaction of $82,960.00. Following the sale, the insider now owns 76,393 shares in the company, valued at approximately $6,337,563.28. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 3,000 shares of company stock worth $251,180. 0.25% of the stock is currently owned by corporate insiders.

TransUnion Stock Performance

NYSE TRU opened at $89.93 on Wednesday. TransUnion has a 1 year low of $66.38 and a 1 year high of $113.17. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a market capitalization of $17.55 billion, a PE ratio of 47.84, a P/E/G ratio of 2.40 and a beta of 1.64. The company's 50 day simple moving average is $84.58 and its two-hundred day simple moving average is $88.20.

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 (EPS) for the quarter, topping 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 analysts' expectations of $1.07 billion. During the same period in the prior year, the company posted $0.92 EPS. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts predict that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion Announces Dividend

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

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