Resona Asset Management Co. Ltd. Purchases Shares of 57,490 TransUnion (NYSE:TRU)

Resona Asset Management Co. Ltd. purchased a new stake in TransUnion (NYSE:TRU - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 57,490 shares of the business services provider's stock, valued at approximately $5,337,000.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of TransUnion by 1.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,597 shares of the business services provider's stock worth $1,261,000 after acquiring an additional 131 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of TransUnion by 14.4% during the fourth quarter. GAMMA Investing LLC now owns 1,094 shares of the business services provider's stock worth $101,000 after buying an additional 138 shares in the last quarter. Yousif Capital Management LLC lifted its stake in shares of TransUnion by 4.0% in the fourth quarter. Yousif Capital Management LLC now owns 3,608 shares of the business services provider's stock worth $334,000 after buying an additional 139 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in TransUnion by 5.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,642 shares of the business services provider's stock worth $245,000 after acquiring an additional 139 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in TransUnion by 28.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 733 shares of the business services provider's stock valued at $68,000 after acquiring an additional 164 shares during the last quarter.

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Analyst Ratings Changes

A number of equities analysts recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of TransUnion in a research report on Friday, February 14th. William Blair reiterated an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. Wells Fargo & Company dropped their price objective on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Monday. Barclays reduced 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 note on Friday, April 4th. Finally, Bank of America began coverage on shares of TransUnion in a report on Thursday. They set an "underperform" rating and a $84.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.23.

Insider Activity

In other news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $83.31, for a total value of $83,310.00. Following the sale, the insider now directly owns 77,393 shares in the company, valued at $6,447,610.83. This represents a 1.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Venkat Achanta sold 1,821 shares of the stock in a transaction 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 sale, the executive vice president now owns 105,443 shares in the company, valued at approximately $10,095,112.82. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,021 shares of company stock worth $372,751. Company insiders own 0.22% of the company's stock.

TransUnion Stock Performance

Shares of NYSE:TRU traded up $1.66 during midday trading on Monday, hitting $74.10. The stock had a trading volume of 324,531 shares, compared to its average volume of 1,685,418. The company has a market capitalization of $14.46 billion, a PE ratio of 50.75, a P/E/G ratio of 1.18 and a beta of 1.67. TransUnion has a 1 year low of $66.07 and a 1 year high of $113.17. The stock has a 50 day moving average price of $86.71 and a two-hundred day moving average price of $94.95. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.18.

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 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 analysts' expectations of $1.03 billion. As a group, equities analysts predict that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion Increases Dividend

The business also recently announced 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 of this dividend was Thursday, February 27th. This is a boost from TransUnion's previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 0.62%. TransUnion's dividend payout ratio (DPR) is 31.51%.

TransUnion announced that its board has approved a share repurchase plan 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 buy up to 2.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

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.