Teacher Retirement System of Texas Buys New Shares in TransUnion (NYSE:TRU)

Teacher Retirement System of Texas bought a new position in shares of TransUnion (NYSE:TRU - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 28,488 shares of the business services provider's stock, valued at approximately $2,364,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its stake in shares of TransUnion by 105.3% in 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. Aster Capital Management DIFC Ltd bought a new stake in shares of TransUnion in the 4th quarter valued at about $40,000. Huntington National Bank increased its stake in shares of TransUnion by 58.7% in the fourth quarter. Huntington National Bank now owns 454 shares of the business services provider's stock valued at $42,000 after buying an additional 168 shares during the period. Kapitalo Investimentos Ltda bought a new position in shares of TransUnion during the fourth quarter worth about $47,000. Finally, Mizuho Bank Ltd. acquired a new position in shares of TransUnion in the fourth quarter worth approximately $47,000.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wells Fargo & Company lowered their price target on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Monday, April 14th. BMO Capital Markets initiated coverage on shares of TransUnion in a research note on Wednesday. They issued an "outperform" rating and a $115.00 price target for the company. Wall Street Zen upgraded TransUnion from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Barclays reduced their price objective on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Finally, William Blair reiterated an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $110.64.

Insider Activity at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $87.14, for a total value of $87,140.00. Following the transaction, the insider owned 74,393 shares of the company's stock, valued at $6,482,606.02. This represents a 1.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 3,000 shares of company stock valued at $255,010. 0.22% of the stock is owned by corporate insiders.

TransUnion Stock Performance

Shares of NYSE TRU traded up $1.55 during midday trading on Thursday, hitting $95.07. The company's stock had a trading volume of 2,085,609 shares, compared to its average volume of 1,808,709. The stock has a fifty day moving average price of $87.37 and a 200 day moving average price of $87.74. TransUnion has a one year low of $66.38 and a one year high of $113.17. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $18.55 billion, a price-to-earnings ratio of 50.57, a P/E/G ratio of 2.56 and a beta of 1.63.

TransUnion (NYSE:TRU - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.98 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.07 billion. TransUnion had a net margin of 8.63% and a return on equity of 16.18%. TransUnion's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 earnings per share. On average, research analysts forecast that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Thursday, May 22nd were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Thursday, May 22nd. TransUnion's payout ratio is 24.47%.

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.