QRG Capital Management Inc. Purchases 381 Shares of TransUnion (NYSE:TRU)

QRG Capital Management Inc. raised its position in TransUnion (NYSE:TRU) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,024 shares of the business services provider’s stock after acquiring an additional 381 shares during the quarter. QRG Capital Management Inc.’s holdings in TransUnion were worth $929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Huntington National Bank lifted its stake in TransUnion by 84.5% in the 3rd quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of TransUnion by 82.1% in the fourth quarter. Versant Capital Management Inc now owns 428 shares of the business services provider’s stock valued at $40,000 after buying an additional 193 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of TransUnion during the 4th quarter worth approximately $44,000. True Wealth Design LLC raised its stake in TransUnion by 4,590.0% in the 3rd quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 459 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in TransUnion during the 4th quarter valued at $49,000.

Wall Street Analyst Weigh In

TRU has been the topic of several research reports. Jefferies Financial Group decreased their price objective on shares of TransUnion from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Morgan Stanley decreased their price target on shares of TransUnion from $130.00 to $127.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company cut their price objective on shares of TransUnion from $135.00 to $126.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Needham & Company LLC restated a “hold” rating on shares of TransUnion in a research note on Friday, February 14th. Finally, William Blair reiterated an “outperform” rating on shares of TransUnion in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, TransUnion currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.64.

TransUnion Trading Down 3.1 %

Shares of TRU opened at $89.59 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.70 and a current ratio of 1.70. TransUnion has a 52-week low of $66.07 and a 52-week high of $113.17. The firm has a market cap of $17.48 billion, a price-to-earnings ratio of 61.36, a PEG ratio of 1.18 and a beta of 1.63. The business’s fifty day moving average is $94.63 and its 200-day moving average is $98.58.

TransUnion (NYSE:TRU) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.83 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.14). TransUnion had a net margin of 6.80% and a return on equity of 15.85%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Equities analysts anticipate that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 27th will be given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Thursday, February 27th. This is a positive change from TransUnion’s previous quarterly dividend of $0.11. TransUnion’s payout ratio is 31.51%.

TransUnion declared that its board has authorized a stock buyback program on Thursday, February 13th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the business services provider to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, EVP Venkat Achanta sold 1,821 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total transaction 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 $10,095,112.82. This represents a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $95.95, for a total transaction of $95,950.00. Following the transaction, the insider now directly owns 58,488 shares of the company’s stock, valued at $5,611,923.60. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,021 shares of company stock valued at $383,041. Company insiders own 0.22% of the company’s stock.

TransUnion Profile

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.