TransUnion (NYSE:TRU) Stock Position Trimmed by Platinum Investment Management Ltd.

Platinum Investment Management Ltd. trimmed its stake in TransUnion (NYSE:TRU - Free Report) by 8.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,722,276 shares of the business services provider's stock after selling 167,203 shares during the period. TransUnion accounts for approximately 9.4% of Platinum Investment Management Ltd.'s holdings, making the stock its 2nd largest position. Platinum Investment Management Ltd. owned about 0.88% of TransUnion worth $159,672,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of TransUnion by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 700,518 shares of the business services provider's stock valued at $64,945,000 after buying an additional 22,826 shares in the last quarter. FMR LLC boosted its position in shares of TransUnion by 307.7% in the third quarter. FMR LLC now owns 4,540,896 shares of the business services provider's stock worth $475,432,000 after purchasing an additional 3,427,199 shares during the period. Captrust Financial Advisors purchased a new stake in shares of TransUnion in the third quarter worth $892,000. Jones Financial Companies Lllp lifted its stake in shares of TransUnion by 62.1% during the 4th quarter. Jones Financial Companies Lllp now owns 2,097 shares of the business services provider's stock valued at $194,000 after buying an additional 803 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in TransUnion by 22.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 26,308 shares of the business services provider's stock worth $2,439,000 after buying an additional 4,743 shares during the period.

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Insiders Place Their Bets

In related news, EVP Venkat Achanta sold 1,821 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the SEC, 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 sale, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,021 shares of company stock worth $383,041 in the last ninety days. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TRU shares. Wells Fargo & Company lowered their price objective on TransUnion from $135.00 to $126.00 and set an "overweight" rating on the stock in a research report on Friday, January 10th. Jefferies Financial Group reduced their price target on shares of TransUnion from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Morgan Stanley dropped their price objective on shares of TransUnion from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Oppenheimer reduced their target price on TransUnion from $115.00 to $112.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Finally, William Blair reiterated an "outperform" rating on shares of TransUnion in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $111.64.

TransUnion Trading Up 0.2 %

Shares of TRU stock traded up $0.15 on Friday, reaching $85.41. 2,938,459 shares of the company's stock were exchanged, compared to its average volume of 1,554,200. The company's fifty day simple moving average is $92.42 and its 200 day simple moving average is $97.48. TransUnion has a 52 week low of $66.07 and a 52 week 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 $16.66 billion, a PE ratio of 58.50, a P/E/G ratio of 1.18 and a beta of 1.70.

TransUnion (NYSE:TRU - Get Free Report) last released its 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 for 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, analysts forecast that TransUnion will post 3.99 EPS for the current year.

TransUnion announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 13th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the business services provider to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

TransUnion Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were paid a $0.115 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.46 annualized dividend and a yield of 0.54%. This is a boost from TransUnion's previous quarterly dividend of $0.11. TransUnion's dividend payout ratio is 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.