TransUnion (NYSE:TRU) Shares Bought by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in TransUnion by 7.1%, holding 58,161 shares valued at approximately $4.83 million as of the latest SEC filing.
• The company reported $1.14 billion in revenue for the quarter with earnings per share of $1.08, exceeding analysts' estimates.
• TransUnion announced a quarterly dividend of $0.115 per share, translating to an annualized yield of 0.5% to be paid to shareholders on September 8th.

LPL Financial LLC lifted its stake in TransUnion (NYSE:TRU - Free Report) by 7.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,161 shares of the business services provider's stock after purchasing an additional 3,869 shares during the quarter. LPL Financial LLC's holdings in TransUnion were worth $4,827,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fifth Third Bancorp raised its position in TransUnion by 105.3% during the 1st quarter. Fifth Third Bancorp now owns 423 shares of the business services provider's stock worth $35,000 after buying an additional 217 shares during the last quarter. Private Trust Co. NA raised its position in TransUnion by 194.1% during the 1st quarter. Private Trust Co. NA now owns 553 shares of the business services provider's stock worth $46,000 after buying an additional 365 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new position in TransUnion during the 4th quarter worth approximately $47,000. Quarry LP purchased a new position in TransUnion during the 4th quarter worth approximately $58,000. Finally, NewEdge Advisors LLC raised its position in TransUnion by 72.1% during the 4th quarter. NewEdge Advisors LLC now owns 649 shares of the business services provider's stock worth $60,000 after buying an additional 272 shares during the last quarter.

Insiders Place Their Bets

In other TransUnion news, CAO Jennifer A. Williams sold 972 shares of TransUnion stock in a transaction on Monday, August 4th. The shares were sold at an average price of $92.89, for a total transaction of $90,289.08. Following the sale, the chief accounting officer owned 7,108 shares of the company's stock, valued at $660,262.12. The trade was a 12.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction on Friday, August 8th. The stock was sold at an average price of $91.21, for a total transaction of $91,210.00. Following the sale, the insider directly owned 73,393 shares in the company, valued at approximately $6,694,175.53. This trade represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,972 shares of company stock worth $353,549 in the last three months. 0.22% of the stock is owned by corporate insiders.

TransUnion Price Performance

TransUnion stock traded down $1.04 during trading on Friday, reaching $89.02. The company had a trading volume of 1,268,288 shares, compared to its average volume of 2,126,461. The firm's 50-day simple moving average is $90.75 and its 200 day simple moving average is $87.56. TransUnion has a 1-year low of $66.38 and a 1-year high of $113.17. The firm has a market capitalization of $17.34 billion, a PE ratio of 44.51, a price-to-earnings-growth ratio of 2.48 and a beta of 1.65. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.02 and a current ratio of 2.03.

TransUnion (NYSE:TRU - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.09. TransUnion had a net margin of 8.99% and a return on equity of 16.08%. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter last year, the company earned $0.99 EPS. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities research analysts anticipate that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Friday, August 22nd will be paid a $0.115 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.46 dividend on an annualized basis and a yield of 0.5%. TransUnion's dividend payout ratio (DPR) is currently 23.00%.

Analyst Ratings Changes

A number of research firms have issued reports on TRU. Wells Fargo & Company reduced their price target on shares of TransUnion from $124.00 to $118.00 and set an "overweight" rating for the company in a research report on Friday, July 25th. UBS Group reissued a "neutral" rating and set a $105.00 price target (up from $98.00) on shares of TransUnion in a research report on Friday, July 25th. Needham & Company LLC reissued a "hold" rating on shares of TransUnion in a research report on Friday, July 25th. Wall Street Zen lowered shares of TransUnion from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, BMO Capital Markets raised their price objective on shares of TransUnion from $115.00 to $118.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $112.46.

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.