TransUnion (NYSE:TRU) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in TransUnion (NYSE:TRU - Free Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,167,843 shares of the business services provider's stock after buying an additional 15,030 shares during the period. Bank of New York Mellon Corp owned about 0.60% of TransUnion worth $96,919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRU. Wellington Management Group LLP increased its stake in shares of TransUnion by 52.5% in the fourth quarter. Wellington Management Group LLP now owns 6,749,849 shares of the business services provider's stock worth $625,779,000 after buying an additional 2,323,339 shares during the last quarter. Norges Bank bought a new stake in shares of TransUnion in the fourth quarter worth $180,011,000. Point72 Asset Management L.P. bought a new stake in shares of TransUnion in the fourth quarter worth $74,283,000. William Blair Investment Management LLC increased its stake in shares of TransUnion by 30.6% in the fourth quarter. William Blair Investment Management LLC now owns 3,370,742 shares of the business services provider's stock worth $312,501,000 after buying an additional 789,497 shares during the last quarter. Finally, FMR LLC increased its stake in shares of TransUnion by 11.1% in the fourth quarter. FMR LLC now owns 5,044,865 shares of the business services provider's stock worth $467,709,000 after buying an additional 503,969 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TRU shares. Wall Street Zen raised shares of TransUnion from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. BMO Capital Markets raised shares of TransUnion to a "strong-buy" rating in a report on Thursday. 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 report on Friday, April 25th. William Blair reaffirmed an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. Finally, Wells Fargo & Company decreased their price objective 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, TransUnion has an average rating of "Moderate Buy" and a consensus price target of $110.64.

TransUnion Stock Performance

Shares of TRU traded down $2.47 during midday trading on Friday, hitting $92.51. 1,024,575 shares of the stock traded hands, compared to its average volume of 2,034,704. TransUnion has a 1-year low of $66.38 and a 1-year high of $113.17. The firm has a market capitalization of $18.05 billion, a PE ratio of 49.24, a price-to-earnings-growth ratio of 2.58 and a beta of 1.63. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.05 and a current ratio of 2.05. The business's 50 day moving average price is $87.59 and its two-hundred day moving average price is $87.74.

TransUnion (NYSE:TRU - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.05 earnings per share (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 the consensus estimate of $1.07 billion. TransUnion had a net margin of 8.63% and a return on equity of 16.18%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. Equities research analysts predict that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Thursday, May 22nd were given a $0.115 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.46 dividend on an annualized basis and a yield of 0.50%. TransUnion's dividend payout ratio is presently 24.47%.

Insider Transactions at TransUnion

In related news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $87.14, for a total value of $87,140.00. Following the completion of the transaction, the insider owned 74,393 shares in the company, valued at $6,482,606.02. This represents a 1.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 3,000 shares of company stock valued at $255,010. Corporate insiders own 0.22% 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.