Mitsubishi UFJ Trust & Banking Corp Decreases Stake in TransUnion (NYSE:TRU)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in TransUnion (NYSE:TRU) by 8.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 105,021 shares of the business services provider’s stock after selling 9,433 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in TransUnion were worth $9,736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in TransUnion by 82.1% during the 4th quarter. Versant Capital Management Inc now owns 428 shares of the business services provider’s stock valued at $40,000 after buying an additional 193 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in shares of TransUnion during the fourth quarter worth about $44,000. True Wealth Design LLC grew its stake in shares of TransUnion by 4,590.0% in the third quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock worth $49,000 after purchasing an additional 459 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in TransUnion during the 4th quarter valued at about $49,000. Finally, Kestra Investment Management LLC purchased a new stake in TransUnion in the 4th quarter worth approximately $51,000.

Analyst Upgrades and Downgrades

TRU has been the subject of a number of recent analyst reports. William Blair restated an “outperform” rating on shares of TransUnion in a report on Monday, March 24th. Jefferies Financial Group dropped their target price on shares of TransUnion from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Wells Fargo & Company reduced their price target on shares of TransUnion from $135.00 to $126.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Morgan Stanley lowered 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, TransUnion has a consensus rating of “Moderate Buy” and a consensus price target of $114.08.

TransUnion Trading Down 2.8 %

NYSE TRU opened at $82.27 on Friday. The stock’s fifty day moving average price is $91.72 and its 200-day moving average price is $97.14. 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 cap of $16.05 billion, a P/E ratio of 56.35, a P/E/G ratio of 1.18 and a beta of 1.70. TransUnion has a 12 month low of $66.07 and a 12 month high of $113.17.

TransUnion (NYSE:TRU) last released its quarterly earnings data 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). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. As a group, equities analysts forecast that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given 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 annualized dividend and a yield of 0.56%. TransUnion’s dividend payout ratio is 31.51%.

TransUnion declared that its board has authorized a stock repurchase plan on Thursday, February 13th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at TransUnion

In other news, EVP Venkat Achanta sold 1,821 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total transaction of $174,342.54. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $93.60, for a total transaction of $93,600.00. Following the transaction, the insider now directly owns 59,488 shares of the company’s stock, valued at $5,568,076.80. The trade was a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,021 shares of company stock worth $383,041. Insiders own 0.22% of the company’s stock.

About TransUnion

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.