Prudential PLC Acquires 11,320 Shares of TransUnion (NYSE:TRU)

Prudential PLC grew its holdings in TransUnion (NYSE:TRU) by 462.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,768 shares of the business services provider’s stock after acquiring an additional 11,320 shares during the quarter. Prudential PLC’s holdings in TransUnion were worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TRU. Fifth Third Bancorp boosted its position in shares of TransUnion by 105.3% in the first quarter. Fifth Third Bancorp now owns 423 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 217 shares during the period. Private Trust Co. NA boosted its position in shares of TransUnion by 194.1% in the first quarter. Private Trust Co. NA now owns 553 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 365 shares during the period. Kapitalo Investimentos Ltda bought a new stake in shares of TransUnion in the fourth quarter valued at approximately $47,000. Quarry LP bought a new stake in shares of TransUnion in the fourth quarter valued at approximately $58,000. Finally, NewEdge Advisors LLC boosted its position in shares of TransUnion by 72.1% in the fourth quarter. NewEdge Advisors LLC now owns 649 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 272 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TRU shares. Wall Street Zen cut TransUnion from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. BMO Capital Markets raised their target price on TransUnion from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Wells Fargo & Company reduced their target price on TransUnion from $124.00 to $118.00 and set an “overweight” rating for the company in a research report on Friday, July 25th. UBS Group reaffirmed a “neutral” rating and issued a $105.00 target price (up from $98.00) on shares of TransUnion in a research report on Friday, July 25th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a research report on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.46.

Insiders Place Their Bets

In other news, insider Steven M. Chaouki sold 1,000 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $91.21, for a total value of $91,210.00. Following the completion of the sale, the insider directly owned 73,393 shares in the company, valued at approximately $6,694,175.53. This trade represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Jennifer A. Williams sold 972 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $92.89, for a total value of $90,289.08. Following the completion of the sale, the chief accounting officer owned 7,108 shares of the company’s stock, valued at approximately $660,262.12. This trade represents a 12.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,972 shares of company stock valued at $353,549. 0.22% of the stock is currently owned by corporate insiders.

TransUnion Stock Performance

TransUnion stock opened at $89.02 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.03 and a quick ratio of 2.02. The stock has a fifty day moving average price of $90.75 and a two-hundred day moving average price of $87.62. TransUnion has a 52-week low of $66.38 and a 52-week high of $113.17. The firm has a market capitalization of $17.34 billion, a P/E ratio of 44.51, a P/E/G ratio of 2.51 and a beta of 1.65.

TransUnion (NYSE:TRU) last released its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.09. TransUnion had a return on equity of 16.08% and a net margin of 8.99%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, analysts anticipate that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Stockholders of record on Friday, August 22nd will be paid a $0.115 dividend. The ex-dividend date is Friday, August 22nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.5%. TransUnion’s dividend payout ratio (DPR) is 23.00%.

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.