Retirement Systems of Alabama Takes $24.93 Million Position in TransUnion $TRU

Retirement Systems of Alabama acquired a new stake in shares of TransUnion (NYSE:TRU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 297,524 shares of the business services provider’s stock, valued at approximately $24,927,000. Retirement Systems of Alabama owned about 0.15% of TransUnion as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Penserra Capital Management LLC grew its position in TransUnion by 12.8% in the 2nd quarter. Penserra Capital Management LLC now owns 1,055 shares of the business services provider’s stock worth $92,000 after purchasing an additional 120 shares during the period. Covestor Ltd boosted its stake in shares of TransUnion by 20.9% in the 3rd quarter. Covestor Ltd now owns 735 shares of the business services provider’s stock worth $62,000 after buying an additional 127 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in shares of TransUnion by 0.4% in the third quarter. DAVENPORT & Co LLC now owns 33,166 shares of the business services provider’s stock worth $2,779,000 after acquiring an additional 137 shares during the period. Rovin Capital UT ADV grew its holdings in shares of TransUnion by 2.3% in the third quarter. Rovin Capital UT ADV now owns 6,414 shares of the business services provider’s stock worth $537,000 after acquiring an additional 147 shares during the period. Finally, Park Avenue Securities LLC increased its position in TransUnion by 2.2% during the second quarter. Park Avenue Securities LLC now owns 7,193 shares of the business services provider’s stock valued at $633,000 after acquiring an additional 155 shares during the last quarter.

Insider Buying and Selling at TransUnion

In other news, insider Todd C. Skinner sold 500 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $85.71, for a total value of $42,855.00. Following the transaction, the insider directly owned 32,225 shares in the company, valued at $2,762,004.75. The trade was a 1.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tiffani Chambers sold 4,318 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $86.00, for a total value of $371,348.00. Following the completion of the transaction, the executive vice president directly owned 50,427 shares of the company’s stock, valued at approximately $4,336,722. This trade represents a 7.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,318 shares of company stock valued at $704,958 over the last ninety days. 0.25% of the stock is currently owned by company insiders.

TransUnion Price Performance

NYSE TRU opened at $83.94 on Monday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.10. TransUnion has a 12 month low of $66.38 and a 12 month high of $101.19. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 1.58 and a beta of 1.72. The company’s 50 day moving average is $84.56 and its two-hundred day moving average is $86.08.

TransUnion (NYSE:TRU) last announced its quarterly earnings data on Thursday, October 23rd. The business services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.13 billion. TransUnion had a net margin of 9.47% and a return on equity of 16.05%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 earnings per share. As a group, research analysts anticipate that TransUnion will post 3.99 earnings per share for the current year.

TransUnion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Friday, November 21st were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, November 21st. TransUnion’s dividend payout ratio is presently 21.50%.

Wall Street Analysts Forecast Growth

TRU has been the topic of several research reports. Wells Fargo & Company dropped their target price on TransUnion from $118.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. The Goldman Sachs Group raised their price objective on shares of TransUnion from $78.00 to $86.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Seaport Research Partners upgraded shares of TransUnion to a “hold” rating in a research report on Wednesday, October 1st. Stifel Nicolaus set a $103.00 price target on shares of TransUnion in a research report on Friday, October 24th. Finally, Morgan Stanley dropped their price target on shares of TransUnion from $122.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 17th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $101.08.

TransUnion Company Profile

TransUnion is a global information and insights company that helps businesses and consumers make critical decisions using data and analytics. As one of the three major credit bureaus in the United States, TransUnion collects and aggregates credit information on individuals and businesses, providing credit reports, risk scores and portfolio management tools to financial institutions, lenders, landlords and other decision makers. Its consumer-facing products enable individuals to monitor credit status, detect identity theft and access personalized financial insights.

The company’s offerings span credit risk assessment, identity management, fraud prevention and marketing solutions.