PEAK6 LLC purchased a new position in shares of TransUnion (NYSE:TRU – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,565 shares of the business services provider’s stock, valued at approximately $1,339,000.
Other hedge funds have also modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of TransUnion in the second quarter worth about $352,000. Bank of Nova Scotia acquired a new stake in shares of TransUnion during the second quarter worth about $402,000. Daiichi Life Insurance Co. Ltd. purchased a new stake in TransUnion in the second quarter valued at approximately $473,000. Commerce Bank purchased a new stake in TransUnion in the second quarter valued at approximately $556,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in TransUnion in the 2nd quarter worth approximately $86,000.
TransUnion Trading Up 0.2%
Shares of NYSE:TRU opened at $84.82 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.07. TransUnion has a 12-month low of $63.37 and a 12-month high of $95.50. The business has a 50 day moving average of $76.29 and a two-hundred day moving average of $73.29. The company has a market capitalization of $16.25 billion, a PE ratio of 22.38, a PEG ratio of 1.39 and a beta of 1.53.
TransUnion Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Thursday, August 20th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, August 20th. TransUnion’s dividend payout ratio (DPR) is currently 13.19%.
Insider Buying and Selling
In other news, insider Steven M. Chaouki sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $72.64, for a total transaction of $726,400.00. Following the sale, the insider directly owned 89,906 shares in the company, valued at $6,530,771.84. This trade represents a 10.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mohamed Abdelsadek sold 23,495 shares of TransUnion stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $85.00, for a total value of $1,997,075.00. Following the completion of the transaction, the executive vice president owned 57,182 shares of the company’s stock, valued at approximately $4,860,470. This represents a 29.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 58,773 shares of company stock valued at $4,615,228 in the last ninety days. Company insiders own 0.37% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have commented on TRU. Stifel Nicolaus lifted their price objective on shares of TransUnion from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Griffin Securities set a $98.00 price objective on shares of TransUnion in a research note on Wednesday, July 29th. UBS Group raised their target price on shares of TransUnion from $72.00 to $77.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. BMO Capital Markets boosted their target price on shares of TransUnion from $85.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Finally, Mizuho lowered their price target on shares of TransUnion from $88.00 to $77.00 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, TransUnion currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.38.
Get Our Latest Analysis on TransUnion
TransUnion Profile
TransUnion is a global information and insights company that helps businesses and consumers make critical decisions using data and analytics. As one of the three major credit bureaus in the United States, TransUnion collects and aggregates credit information on individuals and businesses, providing credit reports, risk scores and portfolio management tools to financial institutions, lenders, landlords and other decision makers. Its consumer-facing products enable individuals to monitor credit status, detect identity theft and access personalized financial insights.
The company’s offerings span credit risk assessment, identity management, fraud prevention and marketing solutions.
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