TransUnion (NYSE:TRU) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its position in TransUnion (NYSE:TRU - Free Report) by 15.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,179 shares of the business services provider's stock after selling 23,518 shares during the quarter. Mackenzie Financial Corp owned 0.06% of TransUnion worth $11,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of TransUnion by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 700,518 shares of the business services provider's stock worth $64,945,000 after purchasing an additional 22,826 shares in the last quarter. Jones Financial Companies Lllp raised its position in TransUnion by 62.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,097 shares of the business services provider's stock valued at $194,000 after buying an additional 803 shares during the last quarter. JPMorgan Chase & Co. raised its position in TransUnion by 39.5% in the 4th quarter. JPMorgan Chase & Co. now owns 315,530 shares of the business services provider's stock valued at $29,253,000 after buying an additional 89,340 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. raised its position in TransUnion by 32.2% in the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 191,364 shares of the business services provider's stock valued at $17,741,000 after buying an additional 46,612 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in TransUnion by 28.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 733 shares of the business services provider's stock valued at $68,000 after buying an additional 164 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TRU. UBS Group increased their price target on TransUnion from $102.00 to $104.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Needham & Company LLC reaffirmed a "hold" rating on shares of TransUnion in a research report on Friday, February 14th. William Blair reissued an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. Oppenheimer lifted their price objective on 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 target price on TransUnion from $105.00 to $85.00 and set an "equal weight" rating for the company in a research note 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $109.69.

TransUnion Trading Up 0.4%

NYSE:TRU traded up $0.33 during trading hours on Friday, reaching $85.61. 2,482,670 shares of the stock were exchanged, compared to its average volume of 1,710,810. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average of $81.65 and a two-hundred day moving average of $89.96. TransUnion has a twelve month low of $66.38 and a twelve month high of $113.17. The company has a market capitalization of $16.70 billion, a price-to-earnings ratio of 58.64, a PEG ratio of 1.18 and a beta of 1.67.

TransUnion (NYSE:TRU - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.07 billion. TransUnion had a return on equity of 15.85% and a net margin of 6.80%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. On average, equities analysts predict that TransUnion will post 3.99 EPS for the current year.

TransUnion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.115 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.54%. TransUnion's payout ratio is 24.47%.

TransUnion announced that its board has approved a share repurchase program on Thursday, February 13th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In related news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $82.96, for a total transaction of $82,960.00. Following the completion of the transaction, the insider now directly owns 76,393 shares in the company, valued at $6,337,563.28. The trade was a 1.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.25% of the company's stock.

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.