TransUnion (NYSE:TRU) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in shares of TransUnion (NYSE:TRU) by 52.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,749,849 shares of the business services provider’s stock after acquiring an additional 2,323,339 shares during the period. Wellington Management Group LLP owned approximately 3.46% of TransUnion worth $625,779,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc increased its holdings in TransUnion by 82.1% in the 4th 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 last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of TransUnion in the fourth quarter valued at $44,000. Brown Brothers Harriman & Co. purchased a new stake in shares of TransUnion in the 4th quarter valued at $47,000. True Wealth Design LLC lifted its stake in TransUnion by 4,590.0% during the 3rd quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock worth $49,000 after acquiring an additional 459 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in TransUnion during the 4th quarter valued at about $49,000.

Analyst Upgrades and Downgrades

TRU has been the topic of several research reports. Wells Fargo & Company reduced their price target on shares of TransUnion from $135.00 to $126.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Jefferies Financial Group decreased 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. Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a research report on Friday, February 14th. Oppenheimer decreased their target price on TransUnion from $115.00 to $112.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, William Blair restated an “outperform” rating on shares of TransUnion in a report on Monday, March 24th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $114.08.

TransUnion Stock Up 1.0 %

Shares of NYSE:TRU opened at $83.05 on Tuesday. The firm has a 50 day simple moving average of $91.47 and a 200-day simple moving average of $97.03. 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 $16.20 billion, a PE ratio of 56.88, a P/E/G ratio of 1.18 and a beta of 1.70.

TransUnion (NYSE:TRU) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. On average, equities analysts predict that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were given a dividend of $0.115 per share. This is a positive change from TransUnion’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, February 27th. This represents a $0.46 annualized dividend and a yield of 0.55%. TransUnion’s payout ratio is 31.51%.

TransUnion declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 13th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at TransUnion

In related news, insider Steven M. Chaouki sold 1,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $95.95, for a total value of $95,950.00. Following the completion of the sale, the insider now owns 58,488 shares in the company, valued at $5,611,923.60. This represents a 1.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Venkat Achanta sold 1,821 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total transaction of $174,342.54. Following the transaction, the executive vice president now directly owns 105,443 shares in the company, valued at $10,095,112.82. The trade was a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,021 shares of company stock worth $383,041. 0.22% of the stock is owned by insiders.

TransUnion 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.