BlueSpruce Investments LP cut its stake in TransUnion (NYSE:TRU - Free Report) by 26.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,059,667 shares of the business services provider's stock after selling 2,214,652 shares during the period. TransUnion accounts for about 8.0% of BlueSpruce Investments LP's portfolio, making the stock its 8th largest position. BlueSpruce Investments LP owned about 3.13% of TransUnion worth $416,360,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in TransUnion by 11.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,095 shares of the business services provider's stock valued at $487,000 after acquiring an additional 715 shares during the period. Lecap Asset Management Ltd. purchased a new position in shares of TransUnion during the 4th quarter valued at approximately $1,006,000. Heron Bay Capital Management increased its holdings in shares of TransUnion by 37.3% during the 4th quarter. Heron Bay Capital Management now owns 172,458 shares of the business services provider's stock valued at $11,850,000 after purchasing an additional 46,826 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of TransUnion by 37.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 460,203 shares of the business services provider's stock valued at $31,621,000 after purchasing an additional 124,492 shares in the last quarter. Finally, abrdn plc increased its holdings in shares of TransUnion by 100.0% during the 4th quarter. abrdn plc now owns 68,390 shares of the business services provider's stock valued at $4,699,000 after purchasing an additional 34,188 shares in the last quarter.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of TransUnion from $87.00 to $94.00 and gave the company an "outperform" rating in a report on Friday, April 26th. Needham & Company LLC lifted their target price on shares of TransUnion from $87.00 to $89.00 and gave the company a "buy" rating in a report on Thursday, April 25th. Bank of America raised shares of TransUnion from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $65.00 to $90.00 in a report on Monday, April 1st. Oppenheimer boosted their price target on shares of TransUnion from $81.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 9th. Finally, Morgan Stanley boosted their price target on shares of TransUnion from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Friday, April 26th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.60.
Get Our Latest Report on TRU
Insider Buying and Selling
In related news, insider Steven M. Chaouki sold 1,776 shares of the company's stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $72.00, for a total transaction of $127,872.00. Following the sale, the insider now directly owns 71,547 shares in the company, valued at $5,151,384. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other TransUnion news, insider Steven M. Chaouki sold 1,775 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 75,099 shares in the company, valued at $6,105,548.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven M. Chaouki sold 1,776 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $72.00, for a total transaction of $127,872.00. Following the completion of the transaction, the insider now owns 71,547 shares in the company, valued at $5,151,384. The disclosure for this sale can be found here. Insiders own 0.22% of the company's stock.
TransUnion Trading Down 2.3 %
Shares of TRU stock traded down $1.69 on Friday, hitting $72.13. 167,748 shares of the stock traded hands, compared to its average volume of 1,614,618. The firm's 50-day moving average price is $74.61 and its two-hundred day moving average price is $72.38. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market capitalization of $14.01 billion, a PE ratio of -50.80, a PEG ratio of 1.51 and a beta of 1.62. TransUnion has a twelve month low of $42.09 and a twelve month high of $82.75.
TransUnion (NYSE:TRU - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.12. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $977.62 million. TransUnion had a negative net margin of 7.02% and a positive return on equity of 14.26%. As a group, analysts anticipate that TransUnion will post 3.42 EPS for the current year.
TransUnion Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.58%. TransUnion's payout ratio is -29.37%.
TransUnion Profile
(Free Report)
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.
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