Heron Bay Capital Management Decreases Holdings in TransUnion (NYSE:TRU)

Heron Bay Capital Management decreased its stake in TransUnion (NYSE:TRU - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 158,157 shares of the business services provider's stock after selling 8,036 shares during the period. TransUnion accounts for about 3.1% of Heron Bay Capital Management's holdings, making the stock its 13th biggest position. Heron Bay Capital Management owned about 0.08% of TransUnion worth $14,663,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its position in shares of TransUnion by 1.8% in the third quarter. Natixis Advisors LLC now owns 23,095 shares of the business services provider's stock valued at $2,418,000 after purchasing an additional 399 shares in the last quarter. Quest Partners LLC grew its holdings in TransUnion by 45.5% during the 3rd quarter. Quest Partners LLC now owns 3,204 shares of the business services provider's stock valued at $335,000 after buying an additional 1,002 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of TransUnion during the third quarter valued at about $1,002,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of TransUnion by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 677,692 shares of the business services provider's stock worth $70,954,000 after buying an additional 16,445 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of TransUnion by 61.1% in the third quarter. Raymond James Trust N.A. now owns 5,003 shares of the business services provider's stock valued at $524,000 after acquiring an additional 1,898 shares during the period.

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Insider Transactions at TransUnion

In other news, EVP Venkat Achanta sold 1,821 shares of TransUnion 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 transaction, the executive vice president now owns 105,443 shares of the company's stock, valued at $10,095,112.82. The trade was a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven M. Chaouki sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $93.60, for a total transaction of $93,600.00. Following the completion of the transaction, the insider now owns 59,488 shares in the company, valued at approximately $5,568,076.80. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,021 shares of company stock valued at $383,041. Corporate insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

TRU has been the topic of a number of analyst reports. William Blair reaffirmed an "outperform" rating on shares of TransUnion in a report on Monday. UBS Group upped their price target on shares of TransUnion from $102.00 to $104.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Oppenheimer dropped their price objective on TransUnion from $115.00 to $112.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group decreased their target price on TransUnion from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company lowered their price target on TransUnion from $135.00 to $126.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $114.08.

TransUnion Trading Down 1.3 %

TRU stock traded down $1.07 during trading on Thursday, hitting $84.63. 1,399,034 shares of the company traded hands, compared to its average volume of 1,554,414. The company has a 50-day moving average of $91.97 and a 200-day moving average of $97.23. 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 1 year low of $66.07 and a 1 year high of $113.17. The firm has a market capitalization of $16.51 billion, a PE ratio of 57.96, a P/E/G ratio of 1.18 and a beta of 1.70.

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

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

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 issued a dividend of $0.115 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 0.54%. TransUnion's dividend payout ratio is 31.51%.

About TransUnion

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.