TransUnion (NYSE:TRU) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in TransUnion (NYSE:TRU - Free Report) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 700,518 shares of the business services provider's stock after buying an additional 22,826 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.36% of TransUnion worth $64,945,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of TransUnion by 307.7% during the third quarter. FMR LLC now owns 4,540,896 shares of the business services provider's stock valued at $475,432,000 after buying an additional 3,427,199 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in TransUnion by 17.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 19,180,562 shares of the business services provider's stock valued at $2,008,205,000 after buying an additional 2,840,800 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in TransUnion in the third quarter worth about $92,661,000. Wellington Management Group LLP grew its stake in shares of TransUnion by 16.8% during the third quarter. Wellington Management Group LLP now owns 4,426,510 shares of the business services provider's stock worth $463,456,000 after acquiring an additional 635,581 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of TransUnion by 7.4% in the 4th quarter. Van ECK Associates Corp now owns 5,139,607 shares of the business services provider's stock valued at $476,493,000 after purchasing an additional 356,306 shares during the last quarter.

Remove Ads

Insider Activity at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $174,342.54. Following the transaction, the executive vice president now directly owns 105,443 shares of the company's stock, 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. In the last ninety days, insiders have sold 4,021 shares of company stock worth $383,041. Company insiders own 0.22% of the company's stock.

TransUnion Price Performance

TRU traded down $3.01 during midday trading on Thursday, hitting $80.31. 1,780,802 shares of the company traded hands, compared to its average volume of 1,545,933. The business has a 50 day simple moving average of $93.34 and a two-hundred day simple moving average of $98.08. TransUnion has a 52-week low of $66.07 and a 52-week high of $113.17. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 55.01, a PEG ratio of 1.18 and a beta of 1.70. 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.14). The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.03 billion. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. On average, equities analysts forecast that TransUnion will post 3.99 earnings per share for the current fiscal year.

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

TransUnion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is 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 dividend yield of 0.57%. TransUnion's dividend payout ratio is currently 31.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TRU shares. Jefferies Financial Group cut their price target on shares of TransUnion from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. William Blair reaffirmed an "outperform" rating on shares of TransUnion in a research report on Friday, February 14th. UBS Group increased their price objective on TransUnion from $102.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Needham & Company LLC reaffirmed a "hold" rating on shares of TransUnion in a report on Friday, February 14th. Finally, Morgan Stanley cut their price objective on shares of TransUnion from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $111.64.

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.