PDT Partners LLC cut its stake in shares of TransUnion (NYSE:TRU - Free Report) by 26.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,433 shares of the business services provider's stock after selling 16,900 shares during the quarter. PDT Partners LLC's holdings in TransUnion were worth $4,398,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of TransUnion by 52.5% during the 4th quarter. Wellington Management Group LLP now owns 6,749,849 shares of the business services provider's stock worth $625,779,000 after purchasing an additional 2,323,339 shares in the last quarter. Norges Bank bought a new position in TransUnion in the fourth quarter worth approximately $180,011,000. William Blair Investment Management LLC grew its stake in 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 valued at $312,501,000 after acquiring an additional 789,497 shares during the period. FMR LLC grew its stake in TransUnion by 11.1% in the fourth quarter. FMR LLC now owns 5,044,865 shares of the business services provider's stock valued at $467,709,000 after acquiring an additional 503,969 shares during the period. Finally, Independent Franchise Partners LLP raised its position in shares of TransUnion by 22.0% during the fourth quarter. Independent Franchise Partners LLP now owns 2,086,050 shares of the business services provider's stock worth $193,398,000 after purchasing an additional 375,736 shares during the period.
TransUnion Stock Performance
NYSE TRU traded up $1.58 during trading hours on Friday, reaching $85.09. 1,593,273 shares of the company were exchanged, compared to its average volume of 1,666,389. The stock has a market capitalization of $16.60 billion, a P/E ratio of 58.28, a P/E/G ratio of 1.18 and a beta of 1.67. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. TransUnion has a 1 year low of $66.38 and a 1 year high of $113.17. The business's 50 day simple moving average is $81.41 and its 200-day simple moving average is $92.26.
TransUnion (NYSE:TRU - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. TransUnion had a return on equity of 15.85% and a net margin of 6.80%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. On average, equities research analysts expect that TransUnion will post 3.99 earnings per share for the current year.
TransUnion announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 13th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the business services provider to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.
TransUnion Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from TransUnion's previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a dividend yield of 0.54%. TransUnion's dividend payout ratio is currently 24.47%.
Insiders Place Their Bets
In other news, EVP Venkat Achanta sold 1,821 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total value of $174,342.54. Following the completion of the sale, the executive vice president now directly owns 105,443 shares in the company, valued at approximately $10,095,112.82. The trade was a 1.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $82.96, for a total transaction of $82,960.00. Following the completion of the sale, the insider now directly owns 76,393 shares of the company's stock, valued at $6,337,563.28. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,021 shares of company stock worth $455,711 in the last three months. 0.22% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on TRU shares. Wells Fargo & Company reduced their price target on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Needham & Company LLC reissued a "hold" rating on shares of TransUnion in a research report on Friday, February 14th. Jefferies Financial Group dropped their price target on shares of TransUnion from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Oppenheimer boosted their price objective on TransUnion from $93.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Finally, Barclays dropped their target price on TransUnion from $105.00 to $85.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, TransUnion presently has a consensus rating of "Moderate Buy" and an average target price of $109.38.
Read Our Latest Analysis on TransUnion
About TransUnion
(
Free Report)
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.
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