PGGM Investments Purchases New Position in TransUnion (NYSE:TRU)

PGGM Investments purchased a new position in TransUnion (NYSE:TRU - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,651 shares of the business services provider's stock, valued at approximately $338,000.

Other hedge funds have also recently made changes to their positions in the company. Huntington National Bank boosted its position in shares of TransUnion by 84.5% in the 3rd quarter. Huntington National Bank now owns 286 shares of the business services provider's stock worth $30,000 after purchasing an additional 131 shares in the last quarter. Versant Capital Management Inc lifted 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 valued at $40,000 after acquiring an additional 193 shares in the last quarter. True Wealth Design LLC lifted its position in TransUnion by 4,590.0% in the 3rd quarter. True Wealth Design LLC now owns 469 shares of the business services provider's stock valued at $49,000 after acquiring an additional 459 shares in the last quarter. Retirement Wealth Solutions LLC bought a new position in TransUnion in the 4th quarter valued at approximately $44,000. Finally, Kestra Investment Management LLC bought a new position in TransUnion in the 4th quarter valued at approximately $51,000.

Insiders Place Their Bets

In other TransUnion news, EVP Venkat Achanta sold 1,821 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total transaction 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. This represents a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $95.95, for a total transaction of $95,950.00. Following the transaction, the insider now directly owns 58,488 shares of the company's stock, valued at $5,611,923.60. This trade represents a 1.68 % 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 worth $383,041. Corporate insiders own 0.22% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TRU shares. Jefferies Financial Group lowered their price objective on TransUnion from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. UBS Group increased their price target on TransUnion from $102.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Oppenheimer lowered their price target on TransUnion from $115.00 to $112.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. 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. Finally, Morgan Stanley lowered their price target on TransUnion from $130.00 to $127.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, TransUnion currently has a consensus rating of "Moderate Buy" and an average target price of $111.64.

TransUnion Price Performance

TRU stock traded up $1.65 during trading on Wednesday, reaching $84.93. The company's stock had a trading volume of 1,407,340 shares, compared to its average volume of 1,736,401. TransUnion has a 1 year low of $66.07 and a 1 year 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 company has a market capitalization of $16.57 billion, a P/E ratio of 58.17, a price-to-earnings-growth ratio of 1.18 and a beta of 1.70. The company's fifty day moving average is $92.64 and its 200-day moving average is $97.72.

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 analysts' consensus estimates of $0.97 by ($0.14). TransUnion had a return on equity of 15.85% and a net margin of 6.80%. The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.03 billion. On average, research analysts expect that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion declared that its board has approved 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 reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

TransUnion Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from TransUnion's previous quarterly dividend of $0.11. TransUnion's dividend payout ratio is presently 31.51%.

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.