Allspring Global Investments Holdings LLC Has $36.97 Million Stock Holdings in TransUnion (NYSE:TRU)

Allspring Global Investments Holdings LLC lessened its position in shares of TransUnion (NYSE:TRU - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 402,528 shares of the business services provider's stock after selling 13,273 shares during the period. Allspring Global Investments Holdings LLC owned about 0.21% of TransUnion worth $36,972,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TRU. Huntington National Bank lifted its holdings in TransUnion by 84.5% during the 3rd quarter. Huntington National Bank now owns 286 shares of the business services provider's stock worth $30,000 after buying an additional 131 shares during the last quarter. Versant Capital Management Inc lifted its holdings in TransUnion by 82.1% during the 4th quarter. Versant Capital Management Inc now owns 428 shares of the business services provider's stock worth $40,000 after buying an additional 193 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in TransUnion during the 4th quarter worth approximately $44,000. True Wealth Design LLC lifted its holdings in shares of TransUnion by 4,590.0% in the 3rd quarter. True Wealth Design LLC now owns 469 shares of the business services provider's stock worth $49,000 after purchasing an additional 459 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TransUnion in the 4th quarter worth approximately $82,000.

Analysts Set New Price Targets

Several brokerages recently issued reports on TRU. Needham & Company LLC reissued a "hold" rating on shares of TransUnion in a report on Friday. Robert W. Baird raised their price target on TransUnion from $104.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Jefferies Financial Group cut their price target on TransUnion from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Stifel Nicolaus raised their price target on TransUnion from $103.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Oppenheimer cut their price target on TransUnion from $115.00 to $112.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.64.

TransUnion Price Performance

Shares of TRU stock traded down $2.13 during mid-day trading on Tuesday, hitting $97.62. 731,596 shares of the stock traded hands, compared to its average volume of 1,559,908. TransUnion has a twelve month low of $66.07 and a twelve month high of $113.17. The firm has a market cap of $19.03 billion, a price-to-earnings ratio of 84.88, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. The company's 50-day simple moving average is $95.16 and its 200-day simple moving average is $98.05. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68.

TransUnion (NYSE:TRU - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.14). TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. As a group, equities research analysts expect that TransUnion will post 3.44 earnings per share for the current year.

TransUnion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 dividend yield of 0.47%. This is a boost from TransUnion's previous quarterly dividend of $0.11. The ex-dividend date is Thursday, February 27th. TransUnion's payout ratio is presently 36.52%.

TransUnion announced that its Board of Directors has approved a stock buyback program on Thursday, February 13th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the business services provider to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $93.60, for a total value of $93,600.00. Following the transaction, the insider now directly owns 59,488 shares in the company, valued at $5,568,076.80. The trade was a 1.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Todd C. Skinner sold 3,090 shares of TransUnion stock in a transaction on Friday, November 29th. The stock was sold at an average price of $101.48, for a total value of $313,573.20. Following the completion of the transaction, the insider now owns 24,333 shares in the company, valued at $2,469,312.84. The trade was a 11.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,590 shares of company stock worth $1,854,218 in the last three months. 0.22% of the stock is currently owned by insiders.

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.