Elo Mutual Pension Insurance Co Trims Holdings in TransUnion (NYSE:TRU)

Elo Mutual Pension Insurance Co lowered its position in TransUnion (NYSE:TRU - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,070 shares of the business services provider's stock after selling 3,180 shares during the period. Elo Mutual Pension Insurance Co's holdings in TransUnion were worth $1,304,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TRU. The Manufacturers Life Insurance Company increased its stake in TransUnion by 2.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,429 shares of the business services provider's stock valued at $1,092,000 after buying an additional 274 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of TransUnion by 89.6% during the third quarter. BNP Paribas Financial Markets now owns 95,019 shares of the business services provider's stock valued at $9,948,000 after acquiring an additional 44,916 shares during the last quarter. Townsquare Capital LLC lifted its holdings in TransUnion by 1.0% during the third quarter. Townsquare Capital LLC now owns 10,211 shares of the business services provider's stock worth $1,069,000 after acquiring an additional 100 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in TransUnion by 12.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,180,036 shares of the business services provider's stock worth $123,550,000 after purchasing an additional 129,547 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in TransUnion in the 3rd quarter valued at $236,000.

Remove Ads

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TRU shares. William Blair reiterated an "outperform" rating on shares of TransUnion in a research note on Monday, March 24th. Morgan Stanley cut their target price on shares of TransUnion from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company lowered their price target on shares of TransUnion from $135.00 to $126.00 and set an "overweight" rating on the stock in a research report on Friday, January 10th. Jefferies Financial Group reduced their price objective on shares of TransUnion from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Finally, UBS Group increased their target price on TransUnion from $102.00 to $104.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, TransUnion has an average rating of "Moderate Buy" and a consensus price target of $114.08.

TransUnion Price Performance

TransUnion stock traded down $7.86 during mid-day trading on Thursday, hitting $77.87. 2,534,731 shares of the company traded hands, compared to its average volume of 1,614,740. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.70 and a current ratio of 1.70. TransUnion has a one year low of $66.07 and a one year high of $113.17. The stock has a market cap of $15.19 billion, a price-to-earnings ratio of 53.34, a price-to-earnings-growth ratio of 1.18 and a beta of 1.70. The stock has a fifty day moving average price of $91.01 and a 200-day moving average price of $96.84.

TransUnion (NYSE:TRU - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14). TransUnion had a net margin of 6.80% and a return on equity of 15.85%. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.03 billion. On average, equities analysts predict that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were paid a $0.115 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.46 annualized dividend and a yield of 0.59%. This is a positive change from TransUnion's previous quarterly dividend of $0.11. TransUnion's dividend payout ratio is currently 31.51%.

TransUnion announced that its board has approved a share buyback plan on Thursday, February 13th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at TransUnion

In other news, EVP Venkat Achanta sold 1,821 shares of the business'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 completion of the sale, the executive vice president now owns 105,443 shares of the company's stock, valued at approximately $10,095,112.82. The trade was a 1.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $95.95, for a total value of $95,950.00. Following the transaction, the insider now owns 58,488 shares in the company, valued at approximately $5,611,923.60. The trade was a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,021 shares of company stock worth $289,441 over the last ninety days. Insiders own 0.25% 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.