Cetera Investment Advisers Decreases Stock Position in TransUnion (NYSE:TRU)

Key Points

• Cetera Investment Advisers reduced its stake in TransUnion by 44.8% in Q1, now holding 23,320 shares valued at approximately $1.9 million.
• TransUnion reported $1.08 EPS in its latest quarterly results, surpassing analysts' expectations of $0.99, with revenue of $1.14 billion.
• The company recently declared a dividend of $0.115 per share, which will be paid on September 8th, reflecting a 0.5% dividend yield.

Cetera Investment Advisers decreased its holdings in shares of TransUnion (NYSE:TRU - Free Report) by 44.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,320 shares of the business services provider's stock after selling 18,919 shares during the quarter. Cetera Investment Advisers' holdings in TransUnion were worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Townsquare Capital LLC boosted its holdings in shares of TransUnion by 1.0% during the fourth quarter. Townsquare Capital LLC now owns 10,311 shares of the business services provider's stock worth $956,000 after purchasing an additional 100 shares during the period. Rovin Capital UT ADV boosted its holdings in shares of TransUnion by 3.2% during the first quarter. Rovin Capital UT ADV now owns 6,232 shares of the business services provider's stock worth $517,000 after purchasing an additional 195 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of TransUnion by 9.0% during the fourth quarter. Integrated Wealth Concepts LLC now owns 2,390 shares of the business services provider's stock worth $222,000 after purchasing an additional 197 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in TransUnion by 0.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 23,697 shares of the business services provider's stock worth $2,220,000 after buying an additional 203 shares during the period. Finally, New Century Financial Group LLC lifted its holdings in TransUnion by 8.7% in the first quarter. New Century Financial Group LLC now owns 2,643 shares of the business services provider's stock worth $219,000 after buying an additional 212 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Stifel Nicolaus lowered 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. Wells Fargo & Company reduced their price target on shares of TransUnion from $124.00 to $118.00 and set an "overweight" rating for the company in a research report on Friday, July 25th. UBS Group reissued a "neutral" rating and set a $105.00 price target (up previously from $98.00) on shares of TransUnion in a research report on Friday, July 25th. Needham & Company LLC reissued a "hold" rating on shares of TransUnion in a research report on Friday, July 25th. Finally, Wall Street Zen downgraded shares of TransUnion from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, TransUnion currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.46.

Insiders Place Their Bets

In related news, CAO Jennifer A. Williams sold 972 shares of TransUnion stock in a transaction on Monday, August 4th. The shares were sold at an average price of $92.89, for a total transaction of $90,289.08. Following the transaction, the chief accounting officer owned 7,108 shares in the company, valued at approximately $660,262.12. The trade was a 12.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $87.14, for a total transaction of $87,140.00. Following the completion of the sale, the insider owned 74,393 shares in the company, valued at approximately $6,482,606.02. The trade was a 1.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,972 shares of company stock worth $353,549. 0.25% of the stock is owned by corporate insiders.

TransUnion Stock Performance

Shares of TransUnion stock traded up $1.91 on Tuesday, hitting $87.91. 1,417,790 shares of the company's stock were exchanged, compared to its average volume of 2,064,257. The company has a 50-day simple moving average of $90.45 and a 200-day simple moving average of $87.70. The stock has a market capitalization of $17.12 billion, a PE ratio of 43.96, a PEG ratio of 2.52 and a beta of 1.65. TransUnion has a 1 year low of $66.38 and a 1 year high of $113.17. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.02 and a current ratio of 2.03.

TransUnion (NYSE:TRU - Get Free Report) last released its earnings results on Thursday, July 24th. The business services provider reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.09. TransUnion had a net margin of 8.99% and a return on equity of 16.08%. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter in the previous year, the company earned $0.99 EPS. TransUnion's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities analysts anticipate that TransUnion will post 3.99 EPS for the current year.

TransUnion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Friday, August 22nd will be paid a dividend of $0.115 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.5%. TransUnion's payout ratio is 23.00%.

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.