TransUnion (NYSE:TRU) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. has increased its holdings in TransUnion by 9.8%, acquiring an additional 13,564 shares, bringing its total ownership to 151,333 shares worth approximately $12.56 million.
• TransUnion recently reported $1.08 earnings per share (EPS), exceeding analysts' expectations of $0.99, with a revenue of $1.14 billion for the quarter, up 9.5% from the previous year.
• The company has announced a quarterly dividend of $0.115 per share, with a dividend yield of 0.5%, payable on September 8th.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in TransUnion (NYSE:TRU - Free Report) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 151,333 shares of the business services provider's stock after purchasing an additional 13,564 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.08% of TransUnion worth $12,559,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in TransUnion by 105.3% in the 1st quarter. Fifth Third Bancorp now owns 423 shares of the business services provider's stock worth $35,000 after acquiring an additional 217 shares in the last quarter. Private Trust Co. NA grew its stake in TransUnion by 194.1% in the first quarter. Private Trust Co. NA now owns 553 shares of the business services provider's stock worth $46,000 after purchasing an additional 365 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in TransUnion in the fourth quarter worth approximately $47,000. Quarry LP bought a new position in TransUnion in the fourth quarter worth approximately $58,000. Finally, NewEdge Advisors LLC grew its stake in TransUnion by 72.1% in the fourth quarter. NewEdge Advisors LLC now owns 649 shares of the business services provider's stock worth $60,000 after purchasing an additional 272 shares in the last quarter.

Insider Activity at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $91.21, for a total value of $91,210.00. Following the completion of the transaction, the insider directly owned 73,393 shares of the company's stock, valued at approximately $6,694,175.53. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jennifer A. Williams sold 972 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $92.89, for a total transaction of $90,289.08. Following the completion of the transaction, the chief accounting officer owned 7,108 shares of the company's stock, valued at approximately $660,262.12. This trade represents a 12.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,972 shares of company stock valued at $353,549. Company insiders own 0.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TRU shares. Wells Fargo & Company dropped their price target on TransUnion from $124.00 to $118.00 and set an "overweight" rating on the stock in a research report on Friday, July 25th. Needham & Company LLC reiterated a "hold" rating on shares of TransUnion in a report on Friday, July 25th. Wall Street Zen cut shares of TransUnion from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Stifel Nicolaus dropped their target price on shares of TransUnion from $120.00 to $112.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, UBS Group reiterated a "neutral" rating and set a $105.00 price objective (up from $98.00) on shares of TransUnion in a research note on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $112.46.

TransUnion Stock Up 5.6%

Shares of NYSE:TRU traded up $4.93 during trading on Wednesday, reaching $92.82. The stock had a trading volume of 2,210,185 shares, compared to its average volume of 2,190,877. The company has a market capitalization of $18.08 billion, a P/E ratio of 46.41, a PEG ratio of 2.45 and a beta of 1.65. TransUnion has a one year low of $66.38 and a one year high of $113.17. The company has a current ratio of 2.03, a quick ratio of 2.02 and a debt-to-equity ratio of 1.09. The firm's 50-day simple moving average is $90.61 and its 200 day simple moving average is $87.74.

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

TransUnion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 8th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, August 22nd. TransUnion's payout ratio is presently 23.00%.

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.