Bessemer Group Inc. Sells 462,157 Shares of TransUnion (NYSE:TRU)

Bessemer Group Inc. lowered its stake in TransUnion (NYSE:TRU - Free Report) by 10.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,032,089 shares of the business services provider's stock after selling 462,157 shares during the period. Bessemer Group Inc. owned approximately 2.07% of TransUnion worth $334,623,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Securities Inc. raised its position in shares of TransUnion by 62.6% during the fourth quarter. Principal Securities Inc. now owns 805 shares of the business services provider's stock worth $75,000 after purchasing an additional 310 shares during the period. Truist Financial Corp increased its stake in TransUnion by 29.1% in the 4th quarter. Truist Financial Corp now owns 24,326 shares of the business services provider's stock worth $2,255,000 after purchasing an additional 5,479 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in TransUnion by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,152,813 shares of the business services provider's stock worth $106,877,000 after buying an additional 42,293 shares during the period. Illinois Municipal Retirement Fund purchased a new stake in TransUnion during the fourth quarter valued at about $643,000. Finally, FFT Wealth Management LLC boosted its holdings in shares of TransUnion by 40.8% in the fourth quarter. FFT Wealth Management LLC now owns 3,707 shares of the business services provider's stock worth $344,000 after buying an additional 1,075 shares during the period.

Analyst Ratings Changes

TRU has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price objective 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. Bank of America assumed coverage on TransUnion in a research report on Thursday, April 10th. They issued an "underperform" rating and a $84.00 target price for the company. William Blair reiterated an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. Wells Fargo & Company reduced their price objective on TransUnion from $130.00 to $117.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Barclays lowered their target price on 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 assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $109.69.

TransUnion Stock Down 1.3%

TRU stock traded down $1.15 during midday trading on Wednesday, hitting $88.66. The company's stock had a trading volume of 1,290,163 shares, compared to its average volume of 1,742,610. The company's fifty day moving average price is $84.58 and its 200 day moving average price is $88.20. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.05 and a quick ratio of 2.05. TransUnion has a twelve month low of $66.38 and a twelve month high of $113.17. The stock has a market capitalization of $17.30 billion, a P/E ratio of 47.16, a PEG ratio of 2.40 and a beta of 1.64.

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

TransUnion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Thursday, May 22nd were given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Thursday, May 22nd. TransUnion's payout ratio is 24.47%.

Insider Transactions at TransUnion

In related news, insider Steven M. Chaouki sold 1,000 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $82.96, for a total transaction of $82,960.00. Following the transaction, the insider now directly owns 76,393 shares of the company's stock, valued at approximately $6,337,563.28. This trade represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 3,000 shares of company stock worth $251,180. Company insiders own 0.25% of the company's stock.

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.