Wellington Management Group LLP cut its holdings in TransUnion (NYSE:TRU) by 8.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,072,558 shares of the business services provider’s stock after selling 940,738 shares during the quarter. Wellington Management Group LLP owned approximately 5.33% of TransUnion worth $666,601,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in TransUnion by 2.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,906 shares of the business services provider’s stock valued at $423,000 after buying an additional 106 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its stake in TransUnion by 0.8% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 14,051 shares of the business services provider’s stock valued at $1,203,000 after buying an additional 108 shares in the last quarter. D.A. Davidson & CO. boosted its stake in TransUnion by 4.1% in the first quarter. D.A. Davidson & CO. now owns 3,509 shares of the business services provider’s stock valued at $232,000 after buying an additional 138 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in TransUnion by 1.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,905 shares of the business services provider’s stock valued at $721,000 after buying an additional 161 shares in the last quarter. Finally, Ellevest Inc. boosted its stake in TransUnion by 47.1% in the first quarter. Ellevest Inc. now owns 550 shares of the business services provider’s stock valued at $36,000 after buying an additional 176 shares in the last quarter. 97.58% of the stock is currently owned by institutional investors and hedge funds.
TRU has been the topic of several research analyst reports. Morgan Stanley raised their price objective on TransUnion from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. cut their price target on TransUnion from $110.00 to $92.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Deutsche Bank lifted their price target on TransUnion from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Stifel Nicolaus lifted their price target on TransUnion from $96.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Finally, Robert W. Baird lowered TransUnion from an “outperform” rating to a “neutral” rating and cut their price target for the company from $109.00 to $76.00 in a research note on Friday, March 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. TransUnion has an average rating of “Buy” and an average target price of $94.10.
Shares of TransUnion stock traded down $3.81 during midday trading on Thursday, reaching $87.86. The company had a trading volume of 29,958 shares, compared to its average volume of 1,540,726. The stock has a fifty day moving average price of $80.40 and a 200 day moving average price of $83.14. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $17.33 billion, a PE ratio of 48.67, a P/E/G ratio of 3.40 and a beta of 1.19. TransUnion has a fifty-two week low of $52.50 and a fifty-two week high of $101.16.
TransUnion (NYSE:TRU) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. The company had revenue of $688.00 million for the quarter, compared to analyst estimates of $665.25 million. TransUnion had a return on equity of 24.01% and a net margin of 12.71%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share. As a group, sell-side analysts forecast that TransUnion will post 2.27 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 28th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Wednesday, May 27th. TransUnion’s dividend payout ratio is currently 11.76%.
In other TransUnion news, insider David M. Neenan sold 20,000 shares of TransUnion stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $92.67, for a total value of $1,853,400.00. Following the completion of the sale, the insider now directly owns 180,530 shares in the company, valued at $16,729,715.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven M. Chaouki sold 5,446 shares of TransUnion stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $72.26, for a total value of $393,527.96. Following the completion of the sale, the insider now owns 34,069 shares of the company’s stock, valued at $2,461,825.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 231,208 shares of company stock worth $18,563,146. 0.38% of the stock is owned by insiders.
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.
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