LPL Financial LLC Purchases 6,073 Shares of TransUnion (NYSE:TRU)

LPL Financial LLC grew its position in TransUnion (NYSE:TRU - Free Report) by 12.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 54,292 shares of the business services provider's stock after acquiring an additional 6,073 shares during the period. LPL Financial LLC's holdings in TransUnion were worth $5,033,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc raised its position 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 purchasing an additional 193 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of TransUnion in the fourth quarter worth approximately $44,000. Kestra Investment Management LLC bought a new stake in TransUnion in the fourth quarter valued at approximately $51,000. Smartleaf Asset Management LLC raised its holdings in TransUnion by 28.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 733 shares of the business services provider's stock worth $68,000 after purchasing an additional 164 shares during the last quarter. Finally, Principal Securities Inc. lifted its holdings in TransUnion by 62.6% in the fourth quarter. Principal Securities Inc. now owns 805 shares of the business services provider's stock valued at $75,000 after buying an additional 310 shares during the period.

TransUnion Price Performance

NYSE TRU traded down $0.31 on Friday, reaching $72.39. 3,983,806 shares of the company's stock traded hands, compared to its average volume of 1,690,575. The stock has a market cap of $14.13 billion, a PE ratio of 49.58, a P/E/G ratio of 1.18 and a beta of 1.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.70 and a quick ratio of 1.70. TransUnion has a 12 month low of $66.07 and a 12 month high of $113.17. The stock has a 50-day simple moving average of $86.71 and a 200 day simple moving average of $94.95.

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TransUnion (NYSE:TRU - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. TransUnion had a return on equity of 15.85% and a net margin of 6.80%. As a group, research analysts predict that TransUnion will post 3.99 earnings per share for the current year.

TransUnion declared that its board has authorized a stock repurchase plan on Thursday, February 13th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 2.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

TransUnion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were issued a $0.115 dividend. The ex-dividend date was Thursday, February 27th. This is a positive change from TransUnion's previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a yield of 0.64%. TransUnion's dividend payout ratio is 31.51%.

Insider Transactions at TransUnion

In other TransUnion news, EVP Venkat Achanta sold 1,821 shares of the business's stock in a transaction on 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 directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $83.31, for a total transaction of $83,310.00. Following the completion of the transaction, the insider now owns 77,393 shares in the company, valued at approximately $6,447,610.83. The trade was a 1.28 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,021 shares of company stock valued at $372,751. Company insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

TRU has been the topic of a number of research reports. Barclays dropped their target price on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. UBS Group upped their price target on TransUnion from $102.00 to $104.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Bank of America started coverage on TransUnion in a research note on Thursday. They issued an "underperform" rating and a $84.00 price objective for the company. Needham & Company LLC reaffirmed a "hold" rating on shares of TransUnion in a research report on Friday, February 14th. Finally, Wells Fargo & Company reduced their price target on shares of TransUnion from $135.00 to $126.00 and set an "overweight" rating for the company in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $111.92.

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.