Teacher Retirement System of Texas Purchases Shares of 28,488 TransUnion (NYSE:TRU)

Teacher Retirement System of Texas purchased 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 Securities and Exchange Commission (SEC). The institutional investor purchased 28,488 shares of the business services provider's stock, valued at approximately $2,364,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in TransUnion by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 700,518 shares of the business services provider's stock valued at $64,945,000 after purchasing an additional 22,826 shares in the last quarter. Amalgamated Bank lifted its holdings in TransUnion by 3.7% during the first quarter. Amalgamated Bank now owns 10,488 shares of the business services provider's stock valued at $870,000 after purchasing an additional 373 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in TransUnion by 62.1% during the fourth quarter. Jones Financial Companies Lllp now owns 2,097 shares of the business services provider's stock valued at $194,000 after purchasing an additional 803 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in TransUnion by 39.5% during the fourth quarter. JPMorgan Chase & Co. now owns 315,530 shares of the business services provider's stock valued at $29,253,000 after purchasing an additional 89,340 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in TransUnion during the fourth quarter valued at $16,002,000.

Insider Buying and Selling at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $87.14, for a total transaction of $87,140.00. Following the completion of the sale, the insider directly owned 74,393 shares in the company, valued at $6,482,606.02. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 3,000 shares of company stock worth $255,010 in the last ninety days. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TRU. Stifel Nicolaus decreased their price objective 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. Oppenheimer set a $108.00 price objective on shares of TransUnion and gave the company an "outperform" rating in a report on Tuesday. William Blair reaffirmed an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. Wall Street Zen raised shares of TransUnion from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Finally, Barclays decreased their price target on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $110.64.

TransUnion Trading Down 2.5%

TransUnion stock traded down $2.42 during midday trading on Friday, hitting $92.56. 951,288 shares of the stock were exchanged, compared to its average volume of 1,808,919. TransUnion has a fifty-two week low of $66.38 and a fifty-two week high of $113.17. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 49.23, a PEG ratio of 2.58 and a beta of 1.63. The stock's 50-day simple moving average is $87.59 and its 200 day simple moving average is $87.74. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 1.13.

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

TransUnion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Thursday, May 22nd were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, May 22nd. TransUnion's dividend payout ratio is presently 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.