Resona Asset Management Co. Ltd. Buys 3,695 Shares of TransUnion (NYSE:TRU)

Key Points

• Resona Asset Management Co. Ltd. increased its stake in TransUnion by 6.4%, acquiring an additional 3,695 shares, bringing their total holdings to 61,185 shares valued at approximately $5.07 million.
• The company recently announced a quarterly dividend of $0.115 per share, expected to be paid on September 8th, signaling consistent returns for shareholders.
• TransUnion's stock has experienced fluctuations, with a 1.2% decline recently, and analysts have issued mixed ratings, with a consensus target price of $112.46 and a "Moderate Buy" rating overall.

Resona Asset Management Co. Ltd. grew its stake in TransUnion (NYSE:TRU - Free Report) by 6.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,185 shares of the business services provider's stock after purchasing an additional 3,695 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in TransUnion were worth $5,072,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TRU. Teacher Retirement System of Texas purchased a new stake in TransUnion in the first quarter worth $2,364,000. Bank of New York Mellon Corp increased its position in TransUnion by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 1,167,843 shares of the business services provider's stock worth $96,919,000 after buying an additional 15,030 shares during the last quarter. Amalgamated Bank increased its position in TransUnion by 3.7% in the first quarter. Amalgamated Bank now owns 10,488 shares of the business services provider's stock worth $870,000 after buying an additional 373 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in TransUnion in the first quarter worth $13,810,000. Finally, Envestnet Asset Management Inc. increased its position in TransUnion by 5.1% in the first quarter. Envestnet Asset Management Inc. now owns 494,349 shares of the business services provider's stock worth $41,026,000 after buying an additional 23,979 shares during the last quarter.

Insider Transactions at TransUnion

In other news, CAO Jennifer A. Williams sold 972 shares of the business's stock in a transaction dated Monday, August 4th. The stock was 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 of the company's stock, valued at approximately $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 accessible through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $91.21, for a total value of $91,210.00. Following the completion of the sale, the insider directly owned 73,393 shares of the company's stock, 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. In the last three months, insiders sold 3,972 shares of company stock valued at $353,549. 0.22% of the stock is currently owned by corporate insiders.

TransUnion Stock Down 1.2%

TRU stock opened at $89.02 on Friday. 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 company's 50 day moving average is $90.75 and its 200 day moving average is $87.62. The stock has a market cap of $17.34 billion, a price-to-earnings ratio of 44.51, a price-to-earnings-growth ratio of 2.51 and a beta of 1.65. TransUnion has a 1-year low of $66.38 and a 1-year high of $113.17.

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 the consensus estimate of $0.99 by $0.09. TransUnion had a return on equity of 16.08% and a net margin of 8.99%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company's revenue was up 9.5% compared to the same quarter last year. Sell-side analysts predict that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Announces Dividend

The business also recently announced 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. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 22nd. TransUnion's payout ratio is 23.00%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TRU shares. Oppenheimer raised their target price on TransUnion from $100.00 to $108.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Wells Fargo & Company reduced their price target on TransUnion from $124.00 to $118.00 and set an "overweight" rating for the company in a research report on Friday, July 25th. BMO Capital Markets lifted their price target on TransUnion from $115.00 to $118.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Wall Street Zen cut TransUnion from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, UBS Group reiterated a "neutral" rating and issued a $105.00 price target (up from $98.00) on shares of TransUnion in a research report on Friday, July 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $112.46.

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.

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