Mitsubishi UFJ Asset Management Co. Ltd. Buys 9,603 Shares of TransUnion (NYSE:TRU)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of TransUnion (NYSE:TRU - Free Report) by 7.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 137,769 shares of the business services provider's stock after acquiring an additional 9,603 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of TransUnion worth $12,712,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TRU. Versant Capital Management Inc grew its stake in shares of TransUnion by 82.1% during the 4th quarter. Versant Capital Management Inc now owns 428 shares of the business services provider's stock valued at $40,000 after purchasing an additional 193 shares during the period. Retirement Wealth Solutions LLC bought a new stake in TransUnion during the fourth quarter valued at approximately $44,000. True Wealth Design LLC increased its holdings in TransUnion by 4,590.0% during the third quarter. True Wealth Design LLC now owns 469 shares of the business services provider's stock valued at $49,000 after buying an additional 459 shares during the last quarter. Proficio Capital Partners LLC bought a new position in TransUnion in the fourth quarter worth approximately $49,000. Finally, Kestra Investment Management LLC purchased a new position in shares of TransUnion during the 4th quarter worth $51,000.

TransUnion Price Performance

TransUnion stock traded down $10.39 during mid-day trading on Thursday, reaching $75.35. 3,949,258 shares of the company's stock traded hands, compared to its average volume of 1,620,197. TransUnion has a 12-month low of $66.07 and a 12-month high of $113.17. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. The stock has a 50 day moving average of $91.01 and a two-hundred day moving average of $96.84. The company has a market cap of $14.70 billion, a price-to-earnings ratio of 51.61, a PEG ratio of 1.18 and a beta of 1.70.

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TransUnion (NYSE:TRU - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.83 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 business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Equities analysts forecast that TransUnion will post 3.99 earnings per share for the current year.

TransUnion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were given a dividend of $0.115 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.46 annualized dividend and a dividend yield of 0.61%. This is an increase from TransUnion's previous quarterly dividend of $0.11. TransUnion's payout ratio is currently 31.51%.

TransUnion declared that its board has approved a share buyback program on Thursday, February 13th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TRU. Wells Fargo & Company decreased their target price on TransUnion from $135.00 to $126.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. Oppenheimer decreased their price objective on TransUnion from $115.00 to $112.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. William Blair reiterated an "outperform" rating on shares of TransUnion in a research note on Monday, March 24th. Needham & Company LLC restated a "hold" rating on shares of TransUnion in a research note on Friday, February 14th. Finally, 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 research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, TransUnion presently has a consensus rating of "Moderate Buy" and an average target price of $114.08.

Insider Buying and Selling

In other news, EVP Venkat Achanta sold 1,821 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $10,095,112.82. This represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were 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 of the company's stock, valued at approximately $5,611,923.60. The trade was a 1.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,021 shares of company stock worth $289,441 over the last three months. 0.25% of the stock is 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.