TransUnion (NYSE:TRU) EVP Venkat Achanta Sells 29,291 Shares of Stock

TransUnion (NYSE:TRU) EVP Venkat Achanta sold 29,291 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $80.74, for a total value of $2,364,955.34. Following the completion of the transaction, the executive vice president directly owned 167,621 shares of the company’s stock, valued at $13,533,719.54. The trade was a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Venkat Achanta also recently made the following trade(s):

• On Thursday, September 10th, Venkat Achanta sold 23,287 shares of TransUnion stock. The shares were sold at an average price of $77.00, for a total value of $1,793,099.00.

TransUnion Stock Performance

Shares of NYSE:TRU traded down $1.06 during midday trading on Tuesday, reaching $82.05. 1,589,740 shares of the company traded hands, compared to its average volume of 2,598,064. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.07. TransUnion has a 12 month low of $60.96 and a 12 month high of $89.12. The firm has a market capitalization of $15.65 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.56. The firm’s fifty day moving average price is $74.06 and its two-hundred day moving average price is $74.16.

TransUnion (NYSE:TRU) last issued its earnings results on Tuesday, October 27th. The business services provider reported $1.25 EPS for the quarter, topping the consensus estimate of $1.21 by $0.04. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. TransUnion had a return on equity of 16.51% and a net margin of 15.83%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. On average, equities analysts expect that TransUnion will post 4.27 earnings per share for the current year.

TransUnion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Tuesday, November 10th will be issued a $0.1350 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from TransUnion’s previous quarterly dividend of $0.1250. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.7%. TransUnion’s payout ratio is currently 12.17%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TRU. Royal Bank Of Canada cut their price objective on shares of TransUnion from $100.00 to $92.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Barclays decreased their target price on shares of TransUnion from $85.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, October 2nd. Morgan Stanley lowered their target price on shares of TransUnion from $106.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Wall Street Zen downgraded shares of TransUnion from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Finally, Robert W. Baird set a $99.00 price target on shares of TransUnion in a report on Wednesday, October 28th. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $90.72.

Hedge Funds Weigh In On TransUnion

A number of institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new stake in shares of TransUnion during the 3rd quarter valued at about $37,000. Essential Partners LLC grew its holdings in shares of TransUnion by 63.7% during the first quarter. Essential Partners LLC now owns 609 shares of the business services provider’s stock worth $42,000 after purchasing an additional 237 shares in the last quarter. CX Institutional increased its position in shares of TransUnion by 263.0% in the second quarter. CX Institutional now owns 668 shares of the business services provider’s stock worth $48,000 after purchasing an additional 484 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of TransUnion in the second quarter worth approximately $53,000. Finally, Signaturefd LLC increased its position in shares of TransUnion by 42.6% in the third quarter. Signaturefd LLC now owns 887 shares of the business services provider’s stock worth $54,000 after purchasing an additional 265 shares during the last quarter.

About TransUnion

TransUnion is a global information and insights company that helps businesses assess risk, prevent fraud and make informed decisions. Its services include credit reporting and scoring, identity verification, fraud detection, and data and analytics solutions for industries such as financial services, retail, insurance and telecommunications. The company also provides consumers with access to credit information and tools to monitor and manage their financial identities. Its offerings include credit reports, credit monitoring and identity-protection services.