Wells Fargo & Company MN Grows Position in TransUnion (NYSE:TRU)

Wells Fargo & Company MN increased its holdings in TransUnion (NYSE:TRU - Free Report) by 22.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,116 shares of the business services provider's stock after acquiring an additional 42,703 shares during the quarter. Wells Fargo & Company MN owned about 0.12% of TransUnion worth $21,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of TRU. Versant Capital Management Inc increased its holdings in shares of TransUnion by 82.1% during the fourth 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. Huntington National Bank increased its stake in TransUnion by 58.7% during the 4th quarter. Huntington National Bank now owns 454 shares of the business services provider's stock valued at $42,000 after purchasing an additional 168 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in TransUnion during the 4th quarter valued at about $44,000. Brown Brothers Harriman & Co. purchased a new position in TransUnion in the fourth quarter worth about $47,000. Finally, Proficio Capital Partners LLC bought a new position in shares of TransUnion in the fourth quarter worth approximately $49,000.

Wall Street Analysts Forecast Growth

TRU has been the topic of several analyst reports. 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. Bank of America assumed coverage on shares of TransUnion in a research note on Thursday, April 10th. They issued an "underperform" rating and a $84.00 price target for the company. Needham & Company LLC restated a "hold" rating on shares of TransUnion in a research report on Friday, February 14th. Morgan Stanley cut their target price on shares of TransUnion from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Finally, Oppenheimer dropped their price target on TransUnion from $115.00 to $112.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.23.

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TransUnion Price Performance

NYSE:TRU traded up $0.39 during trading hours on Tuesday, hitting $75.17. 1,922,779 shares of the stock traded hands, compared to its average volume of 1,695,705. The stock has a 50 day moving average price of $85.86 and a 200 day moving average price of $94.61. 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 cap of $14.67 billion, a price-to-earnings ratio of 51.49, a price-to-earnings-growth 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.

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. Sell-side analysts forecast that TransUnion will post 3.99 EPS for the current fiscal year.

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 annualized dividend and a yield of 0.61%. This is an increase from TransUnion's previous quarterly dividend of $0.11. The ex-dividend date was Thursday, February 27th. TransUnion's dividend payout ratio is presently 31.51%.

TransUnion declared that its board has initiated a share buyback plan on Thursday, February 13th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the business services provider to buy up to 2.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $95.95, for a total transaction of $95,950.00. Following the completion of the transaction, the insider now directly owns 58,488 shares in the company, valued at approximately $5,611,923.60. This represents a 1.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $174,342.54. Following the transaction, the executive vice president now owns 105,443 shares of the company's stock, valued at $10,095,112.82. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,021 shares of company stock valued at $372,751 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

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.