OLD National Bancorp IN Invests $262,000 in TransUnion (NYSE:TRU)

OLD National Bancorp IN acquired a new position in shares of TransUnion (NYSE:TRU) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,809 shares of the business services provider’s stock, valued at approximately $262,000.

A number of other large investors have also modified their holdings of TRU. Morgan Stanley increased its position in shares of TransUnion by 23.7% during the third quarter. Morgan Stanley now owns 4,923,690 shares of the business services provider’s stock worth $353,472,000 after acquiring an additional 942,924 shares during the period. Mackenzie Financial Corp increased its position in shares of TransUnion by 531.4% during the fourth quarter. Mackenzie Financial Corp now owns 353,109 shares of the business services provider’s stock worth $24,262,000 after acquiring an additional 297,180 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of TransUnion during the fourth quarter worth $17,721,000. Walleye Capital LLC purchased a new stake in shares of TransUnion during the third quarter worth $12,875,000. Finally, Kornitzer Capital Management Inc. KS increased its position in shares of TransUnion by 86.6% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 328,000 shares of the business services provider’s stock worth $22,537,000 after acquiring an additional 152,218 shares during the period.

TransUnion Trading Up 8.2 %

Shares of TRU opened at $74.29 on Friday. TransUnion has a fifty-two week low of $42.09 and a fifty-two week high of $82.75. The firm has a 50-day simple moving average of $76.38 and a 200-day simple moving average of $67.83. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.28.

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

TransUnion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th were paid a dividend of $0.105 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.42 annualized dividend and a dividend yield of 0.57%. TransUnion’s dividend payout ratio (DPR) is -28.19%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TRU. Bank of America raised TransUnion from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $65.00 to $90.00 in a research report on Monday, April 1st. Oppenheimer increased their target price on TransUnion from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Truist Financial increased their target price on TransUnion from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Evercore ISI increased their target price on TransUnion from $70.00 to $80.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Finally, Jefferies Financial Group raised their price objective on TransUnion from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.60.

Insider Transactions at TransUnion

In related news, EVP Timothy J. Martin sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total value of $943,080.00. Following the completion of the sale, the executive vice president now owns 54,522 shares in the company, valued at $4,284,883.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Timothy J. Martin sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total value of $943,080.00. Following the completion of the sale, the executive vice president now owns 54,522 shares in the company, valued at $4,284,883.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Richard Dane Mauldin sold 1,500 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $78.10, for a total transaction of $117,150.00. Following the completion of the sale, the executive vice president now owns 22,033 shares of the company’s stock, valued at approximately $1,720,777.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,275 shares of company stock worth $1,204,538. Company insiders own 0.22% of the company’s stock.

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.