TransUnion (NYSE:TRU) Stake Lowered by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of TransUnion (NYSE:TRU) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,225,876 shares of the business services provider’s stock after selling 123,008 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.63% of TransUnion worth $84,230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. grew its holdings in shares of TransUnion by 5.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 23,101,403 shares of the business services provider’s stock valued at $1,311,005,000 after acquiring an additional 1,242,868 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of TransUnion by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 16,806,886 shares of the business services provider’s stock valued at $1,736,824,000 after acquiring an additional 116,546 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of TransUnion by 12.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,668,211 shares of the business services provider’s stock valued at $718,921,000 after acquiring an additional 1,404,564 shares in the last quarter. Morgan Stanley grew its holdings in shares of TransUnion by 23.7% during the 3rd quarter. Morgan Stanley now owns 4,923,690 shares of the business services provider’s stock valued at $353,472,000 after acquiring an additional 942,924 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of TransUnion by 2.7% during the 1st quarter. State Street Corp now owns 4,051,105 shares of the business services provider’s stock valued at $251,735,000 after acquiring an additional 108,183 shares in the last quarter.

TransUnion Stock Performance

TRU opened at $69.61 on Thursday. The stock’s 50 day moving average price is $76.79 and its two-hundred day moving average price is $67.91. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.28. TransUnion has a 12-month low of $42.09 and a 12-month high of $82.75.

TransUnion (NYSE:TRU) last announced its quarterly earnings data on Tuesday, February 13th. The business services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. TransUnion had a positive return on equity of 13.58% and a negative net margin of 7.50%. The company had revenue of $954.00 million during the quarter, compared to the consensus estimate of $927.04 million. During the same quarter last year, the company earned $0.70 EPS. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Sell-side analysts predict that TransUnion will post 3.31 earnings per share for the current year.

TransUnion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Thursday, March 7th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.42 annualized dividend and a dividend yield of 0.60%. TransUnion’s dividend payout ratio (DPR) is presently -28.19%.

Insider Buying and Selling

In related news, insider Steven M. Chaouki sold 1,775 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $81.30, for a total transaction of $144,307.50. Following the completion of the transaction, the insider now owns 75,099 shares in the company, valued at approximately $6,105,548.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other TransUnion news, EVP Timothy J. Martin sold 12,000 shares of TransUnion stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $78.59, for a total value of $943,080.00. Following the completion of the transaction, the executive vice president now owns 54,522 shares in the company, valued at approximately $4,284,883.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven M. Chaouki sold 1,775 shares of TransUnion stock in a transaction on Monday, April 1st. The shares were sold at an average price of $81.30, for a total value of $144,307.50. Following the completion of the transaction, the insider now owns 75,099 shares of the company’s stock, valued at approximately $6,105,548.70. The disclosure for this sale can be found here. Insiders sold 15,275 shares of company stock worth $1,204,538 in the last 90 days. 0.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on TRU. Evercore ISI boosted their price target on shares of TransUnion from $70.00 to $80.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Wells Fargo & Company boosted their price target on TransUnion from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. increased their price objective on TransUnion from $69.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Barclays increased their price objective on TransUnion from $55.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, February 14th. Finally, Truist Financial increased their price objective on TransUnion from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.47.

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.