TransUnion (NYSE:TRU) Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC decreased its holdings in shares of TransUnion (NYSE:TRU - Free Report) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,167,746 shares of the business services provider's stock after selling 81,325 shares during the quarter. Parnassus Investments LLC owned approximately 0.60% of TransUnion worth $108,262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank raised its position in shares of TransUnion by 84.5% in the third quarter. Huntington National Bank now owns 286 shares of the business services provider's stock valued at $30,000 after buying an additional 131 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of 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 during the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of TransUnion in the fourth quarter valued at approximately $44,000. True Wealth Design LLC raised its stake in shares of TransUnion by 4,590.0% during the third 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 during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of TransUnion in the fourth quarter worth approximately $49,000.

TransUnion Trading Down 3.0 %

Shares of NYSE:TRU traded down $2.55 during trading on Tuesday, reaching $83.19. 1,433,951 shares of the company were exchanged, compared to its average volume of 1,545,862. TransUnion has a 12-month low of $66.07 and a 12-month high of $113.17. The firm has a market capitalization of $16.23 billion, a PE ratio of 56.98, a P/E/G ratio of 1.18 and a beta of 1.70. The business's fifty day simple moving average is $92.78 and its 200-day simple moving average is $97.81. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.70 and a quick ratio of 1.70.

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TransUnion (NYSE:TRU - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.83 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.14). The firm 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%. On average, research analysts anticipate that TransUnion will post 3.99 EPS for the current year.

TransUnion Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a dividend of $0.115 per share. This is a boost from TransUnion's previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, February 27th. TransUnion's dividend payout ratio (DPR) is currently 31.51%.

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

Wall Street Analysts Forecast Growth

TRU has been the subject of several research analyst reports. Oppenheimer lowered their price objective on shares of TransUnion from $115.00 to $112.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. UBS Group lifted their price target on TransUnion from $102.00 to $104.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Morgan Stanley dropped their price objective on TransUnion from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company reduced their target price on shares of TransUnion from $135.00 to $126.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. Finally, William Blair reaffirmed an "outperform" rating on shares of TransUnion in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $111.64.

Insider Activity at TransUnion

In related news, EVP Venkat Achanta sold 1,821 shares of TransUnion 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 owns 105,443 shares in the company, valued at approximately $10,095,112.82. This trade represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value of $95,950.00. Following the completion of the transaction, the insider now owns 58,488 shares of the company's stock, valued at $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 sold a total of 4,021 shares of company stock worth $383,041 in the last three months. Company insiders own 0.22% of the company's stock.

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.