Mn Services Vermogensbeheer B.V. raised its holdings in shares of TransUnion (NYSE:TRU – Free Report) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,624 shares of the business services provider’s stock after purchasing an additional 1,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in TransUnion were worth $7,011,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its stake in TransUnion by 17.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 19,180,562 shares of the business services provider’s stock valued at $2,008,205,000 after purchasing an additional 2,840,800 shares during the last quarter. Van ECK Associates Corp increased its stake in TransUnion by 7.4% during the fourth quarter. Van ECK Associates Corp now owns 5,139,607 shares of the business services provider’s stock valued at $476,493,000 after purchasing an additional 356,306 shares during the last quarter. FMR LLC increased its stake in TransUnion by 307.7% during the third quarter. FMR LLC now owns 4,540,896 shares of the business services provider’s stock valued at $475,432,000 after purchasing an additional 3,427,199 shares during the last quarter. Wellington Management Group LLP increased its stake in TransUnion by 16.8% during the third quarter. Wellington Management Group LLP now owns 4,426,510 shares of the business services provider’s stock valued at $463,456,000 after purchasing an additional 635,581 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in TransUnion by 2.4% during the third quarter. Janus Henderson Group PLC now owns 3,154,262 shares of the business services provider’s stock valued at $330,251,000 after purchasing an additional 75,410 shares during the last quarter.
TransUnion Price Performance
Shares of NYSE TRU opened at $92.55 on Friday. TransUnion has a twelve month low of $66.07 and a twelve month high of $113.17. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $18.06 billion, a price-to-earnings ratio of 63.39, a PEG ratio of 1.18 and a beta of 1.63. The firm has a 50-day moving average of $94.68 and a two-hundred day moving average of $98.41.
TransUnion announced that its board has approved a share repurchase plan on Thursday, February 13th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
TransUnion Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 27th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.50%. This is an increase from TransUnion’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, February 27th. TransUnion’s dividend payout ratio is presently 31.51%.
Insider Buying and Selling at TransUnion
In other TransUnion news, EVP Venkat Achanta sold 1,821 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven M. Chaouki sold 1,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $93.60, for a total transaction of $93,600.00. Following the sale, the insider now directly owns 59,488 shares of the company’s stock, valued at $5,568,076.80. This represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,521 shares of company stock valued at $534,136. 0.22% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on TRU shares. Needham & Company LLC restated a “hold” rating on shares of TransUnion in a research report on Friday, February 14th. Oppenheimer lowered their price target on shares of TransUnion from $115.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their price target on shares of TransUnion from $135.00 to $126.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. William Blair restated an “outperform” rating on shares of TransUnion in a research report on Friday, February 14th. Finally, Jefferies Financial Group lowered their price target on shares of TransUnion from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TransUnion presently has an average rating of “Moderate Buy” and an average price target of $111.64.
View Our Latest Report on TransUnion
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.
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