UniSuper Management Pty Ltd Boosts Position in TransUnion (NYSE:TRU)

UniSuper Management Pty Ltd raised its holdings in shares of TransUnion (NYSE:TRU) by 2,442.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 119,488 shares of the business services provider’s stock after buying an additional 114,788 shares during the quarter. UniSuper Management Pty Ltd’s holdings in TransUnion were worth $11,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TRU. Versant Capital Management Inc lifted its position in TransUnion by 82.1% during the fourth quarter. Versant Capital Management Inc now owns 428 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 193 shares during the period. True Wealth Design LLC raised its stake in shares of TransUnion by 4,590.0% during the 3rd quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock valued at $49,000 after buying an additional 459 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of TransUnion in the 4th quarter valued at about $44,000. Kestra Investment Management LLC purchased a new stake in shares of TransUnion in the fourth quarter worth about $51,000. Finally, Smartleaf Asset Management LLC grew its holdings in TransUnion by 28.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 733 shares of the business services provider’s stock worth $68,000 after acquiring an additional 164 shares during the period.

TransUnion Price Performance

Shares of TransUnion stock opened at $84.63 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.70 and a quick ratio of 1.70. The business has a 50 day simple moving average of $91.97 and a two-hundred day simple moving average of $97.23. The stock has a market capitalization of $16.51 billion, a P/E ratio of 57.96, a PEG ratio of 1.18 and a beta of 1.70. TransUnion has a 12 month low of $66.07 and a 12 month high of $113.17.

TransUnion (NYSE:TRU) last posted 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 firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. As a group, analysts predict that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion announced that its Board of Directors has initiated a share buyback plan on Thursday, February 13th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the business services provider to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

TransUnion Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from TransUnion’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 0.54%. TransUnion’s payout ratio is presently 31.51%.

Insider Activity at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $5,611,923.60. The trade was a 1.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Venkat Achanta sold 1,821 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total value of $174,342.54. Following the completion of the sale, 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. In the last quarter, insiders sold 4,021 shares of company stock valued at $383,041. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TRU shares. William Blair reissued an “outperform” rating on shares of TransUnion in a report on Monday. 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. 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 report on Friday, January 10th. Oppenheimer lowered their target price on shares of TransUnion from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group cut their price target on TransUnion from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.08.

About TransUnion

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.