Silvercrest Asset Management Group LLC Has $710,000 Position in TransUnion (NYSE:TRU)

Silvercrest Asset Management Group LLC reduced its position in shares of TransUnion (NYSE:TRU) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,660 shares of the business services provider’s stock after selling 887 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in TransUnion were worth $710,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TRU. Wellington Management Group LLP raised its stake in 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 valued at $625,779,000 after purchasing an additional 2,323,339 shares during the period. Norges Bank acquired a new stake in TransUnion during the 4th quarter valued at $180,011,000. Point72 Asset Management L.P. acquired a new stake in TransUnion during the 4th quarter valued at $74,283,000. William Blair Investment Management LLC raised its stake in TransUnion by 30.6% during the 4th 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 purchasing an additional 789,497 shares during the period. Finally, FMR LLC raised its stake in TransUnion by 11.1% during the 4th quarter. FMR LLC now owns 5,044,865 shares of the business services provider’s stock valued at $467,709,000 after purchasing an additional 503,969 shares during the period.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays cut their target price on shares of TransUnion from $105.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, April 4th. Wells Fargo & Company lowered their price target on shares of TransUnion from $130.00 to $117.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Morgan Stanley lowered their price target on shares of TransUnion from $130.00 to $127.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Oppenheimer boosted their price target on shares of TransUnion from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, April 25th. Finally, William Blair restated an “outperform” rating on shares of TransUnion in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, TransUnion currently has a consensus rating of “Moderate Buy” and an average price target of $109.38.

TransUnion Trading Down 1.7%

Shares of NYSE:TRU opened at $90.34 on Wednesday. The stock has a market capitalization of $17.63 billion, a PE ratio of 61.88, a P/E/G ratio of 1.18 and a beta of 1.67. TransUnion has a 1 year low of $66.38 and a 1 year high of $113.17. The firm has a fifty day moving average price of $81.80 and a 200 day moving average price of $90.84. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.18.

TransUnion (NYSE:TRU) last issued its quarterly earnings data 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 firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. TransUnion’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. Analysts expect that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Thursday, May 22nd will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, May 22nd. TransUnion’s dividend payout ratio is presently 24.47%.

TransUnion declared that its board has authorized a share buyback program on Thursday, February 13th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Steven M. Chaouki sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $83.31, for a total value of $83,310.00. Following the completion of the sale, the insider now directly owns 77,393 shares in the company, valued at approximately $6,447,610.83. This represents a 1.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Venkat Achanta sold 1,821 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total transaction of $174,342.54. Following the transaction, the executive vice president now directly owns 105,443 shares of the company’s stock, valued at approximately $10,095,112.82. This represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,021 shares of company stock worth $359,761. Corporate insiders own 0.22% of the company’s stock.

TransUnion Company 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.