California Public Employees Retirement System Sells 13,137 Shares of TransUnion (NYSE:TRU)

California Public Employees Retirement System lowered its position in TransUnion (NYSE:TRU - Free Report) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 305,756 shares of the business services provider's stock after selling 13,137 shares during the quarter. California Public Employees Retirement System owned about 0.16% of TransUnion worth $28,347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TRU. Versant Capital Management Inc grew its position 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 buying an additional 193 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of TransUnion in the 4th quarter worth approximately $44,000. Brown Brothers Harriman & Co. bought a new position in shares of TransUnion in the fourth quarter valued at approximately $47,000. Proficio Capital Partners LLC acquired a new position in shares of TransUnion during the fourth quarter valued at approximately $49,000. Finally, Kestra Investment Management LLC bought a new stake in TransUnion during the fourth quarter worth approximately $51,000.

TransUnion Stock Down 2.0 %

TransUnion stock traded down $1.44 during trading hours on Tuesday, hitting $69.20. The company had a trading volume of 3,242,814 shares, compared to its average volume of 1,651,376. TransUnion has a fifty-two week low of $66.07 and a fifty-two week high of $113.17. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market capitalization of $13.50 billion, a P/E ratio of 47.40, a price-to-earnings-growth ratio of 1.18 and a beta of 1.67. The firm's fifty day moving average is $88.43 and its 200-day moving average is $95.74.

Remove Ads

TransUnion (NYSE:TRU - Get Free Report) last announced its quarterly earnings data 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 return on equity of 15.85% and a net margin of 6.80%. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.03 billion. On average, research analysts forecast that TransUnion will post 3.99 earnings per share for the current year.

TransUnion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were paid a $0.115 dividend. This is a boost from TransUnion's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.46 annualized dividend and a dividend yield of 0.66%. TransUnion's payout ratio is presently 31.51%.

TransUnion announced that its Board of Directors has authorized a share buyback program on Thursday, February 13th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the business services provider to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TRU shares. Barclays lowered their price target on TransUnion from $105.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Friday. William Blair reaffirmed an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. Wells Fargo & Company cut their price target on shares of TransUnion from $135.00 to $126.00 and set an "overweight" rating for the company in a report on Friday, January 10th. UBS Group lifted their price target on shares of TransUnion from $102.00 to $104.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, Morgan Stanley decreased their price target on TransUnion from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.54.

Insider Buying and Selling

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was 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 of the company's stock, valued at $5,611,923.60. The trade was a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Venkat Achanta sold 1,821 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total value of $174,342.54. Following the sale, the executive vice president now owns 105,443 shares of the company's stock, valued at approximately $10,095,112.82. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,021 shares of company stock worth $372,751. Insiders own 0.22% of the company's stock.

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.