Nuveen LLC Acquires Shares of 670,047 TransUnion (NYSE:TRU)

Key Points

• Nuveen LLC has invested approximately $55.61 million in TransUnion, purchasing 670,047 shares during the first quarter, representing a 0.34% ownership stake in the company.
• TransUnion recently reported a 9.5% year-over-year revenue growth, with earnings per share of $1.08 for the quarter, surpassing analysts' expectations of $0.99.
• The company announced a quarterly dividend of $0.115 per share, which will be paid on September 8th, indicating a low payout ratio of 23.00%.

Nuveen LLC bought a new position in shares of TransUnion (NYSE:TRU - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 670,047 shares of the business services provider's stock, valued at approximately $55,607,000. Nuveen LLC owned about 0.34% of TransUnion at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in TransUnion by 105.3% during the first quarter. Fifth Third Bancorp now owns 423 shares of the business services provider's stock worth $35,000 after purchasing an additional 217 shares during the last quarter. Private Trust Co. NA boosted its holdings in TransUnion by 194.1% during 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 during the last quarter. Kapitalo Investimentos Ltda acquired a new position in TransUnion during the fourth quarter worth $47,000. Quarry LP acquired a new position in TransUnion during the fourth quarter worth $58,000. Finally, NewEdge Advisors LLC boosted its holdings in TransUnion by 72.1% during 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 during the last quarter.

TransUnion Trading Down 1.2%

NYSE:TRU traded down $1.04 during mid-day trading on Friday, hitting $89.02. 1,268,288 shares of the company's stock were exchanged, compared to its average volume of 2,126,461. The company has a 50 day simple moving average of $90.75 and a 200-day simple moving average of $87.56. The company has a current ratio of 2.03, a quick ratio of 2.02 and a debt-to-equity ratio of 1.09. TransUnion has a fifty-two week low of $66.38 and a fifty-two week high of $113.17. The firm has a market capitalization of $17.34 billion, a P/E ratio of 44.51, a PEG ratio of 2.48 and a beta of 1.65.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.09. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. TransUnion had a net margin of 8.99% and a return on equity of 16.08%. The company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.99 EPS. As a group, research analysts expect that TransUnion will post 3.99 earnings per share for the current year.

TransUnion Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wells Fargo & Company reduced their target price on shares of TransUnion from $124.00 to $118.00 and set an "overweight" rating for the company in a report on Friday, July 25th. UBS Group reiterated a "neutral" rating and issued a $105.00 price target (up previously from $98.00) on shares of TransUnion in a research note on Friday, July 25th. Needham & Company LLC reiterated a "hold" rating on shares of TransUnion in a research note on Friday, July 25th. Stifel Nicolaus cut their price target on shares of TransUnion from $120.00 to $112.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, BMO Capital Markets increased their price target on shares of TransUnion from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, TransUnion has a consensus rating of "Moderate Buy" and a consensus target price of $112.46.

Insider Buying and Selling at TransUnion

In other 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 value of $90,289.08. Following the completion of the sale, the chief accounting officer owned 7,108 shares in the company, valued at $660,262.12. The trade was a 12.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $91.21, for a total transaction of $91,210.00. Following the sale, the insider owned 73,393 shares of the company's stock, valued at $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 valued at $353,549 in the last quarter. 0.22% of the stock is currently owned by company insiders.

TransUnion 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.