Neuberger Berman Group LLC Sells 1,097,162 Shares of TransUnion (NYSE:TRU)

Neuberger Berman Group LLC decreased its stake in TransUnion (NYSE:TRU - Free Report) by 40.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,599,903 shares of the business services provider's stock after selling 1,097,162 shares during the period. Neuberger Berman Group LLC owned approximately 0.82% of TransUnion worth $148,327,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of 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 worth $40,000 after purchasing an additional 193 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in TransUnion in the 4th quarter valued at approximately $40,000. Huntington National Bank grew its holdings in shares of TransUnion by 58.7% during the 4th quarter. Huntington National Bank now owns 454 shares of the business services provider's stock worth $42,000 after purchasing an additional 168 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of TransUnion during the fourth quarter valued at approximately $44,000. Finally, Mizuho Bank Ltd. acquired a new position in shares of TransUnion in the fourth quarter valued at $47,000.

TransUnion Price Performance

Shares of TRU traded down $0.05 during mid-day trading on Tuesday, hitting $74.73. 900,002 shares of the company traded hands, compared to its average volume of 1,690,984. The business has a 50-day moving average of $86.28 and a 200 day moving average of $94.75. TransUnion has a one year low of $66.07 and a one year high of $113.17. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 51.18, a PEG ratio of 1.18 and a beta of 1.67.

Remove Ads

TransUnion (NYSE:TRU - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. As a group, equities analysts expect that TransUnion will post 3.99 earnings per share for the current fiscal year.

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

TransUnion Increases Dividend

The firm 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 represents a $0.46 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Thursday, February 27th. This is a positive change from TransUnion's previous quarterly dividend of $0.11. TransUnion's payout ratio is currently 31.51%.

Insider Activity

In other news, 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 value of $83,310.00. Following the completion of the sale, the insider now directly owns 77,393 shares of the company's stock, valued at $6,447,610.83. This represents a 1.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Venkat Achanta sold 1,821 shares of TransUnion stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total transaction of $174,342.54. Following the transaction, the executive vice president now directly owns 105,443 shares in the company, valued at $10,095,112.82. The trade was a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,021 shares of company stock valued at $372,751 in the last 90 days. 0.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

TRU has been the topic of several analyst reports. Bank of America initiated coverage on shares of TransUnion in a report on Thursday, April 10th. They issued an "underperform" rating and a $84.00 price target on the stock. Needham & Company LLC reissued a "hold" rating on shares of TransUnion in a research report on Friday, February 14th. Wells Fargo & Company cut their price target on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating for the company in a research note on Monday. Morgan Stanley dropped their target price on TransUnion from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Finally, William Blair reaffirmed an "outperform" rating on shares of TransUnion in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $111.23.

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.