Ninety One UK Ltd Sells 662,108 Shares of TransUnion (NYSE:TRU)

Ninety One UK Ltd trimmed its position in TransUnion (NYSE:TRU) by 22.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,228,324 shares of the business services provider’s stock after selling 662,108 shares during the period. Ninety One UK Ltd owned approximately 1.15% of TransUnion worth $153,108,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its position in TransUnion by 1.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,272 shares of the business services provider’s stock valued at $1,372,000 after purchasing an additional 207 shares during the period. American Century Companies Inc. increased its holdings in TransUnion by 52.4% during the 1st quarter. American Century Companies Inc. now owns 8,374 shares of the business services provider’s stock worth $865,000 after purchasing an additional 2,880 shares in the last quarter. Roundview Capital LLC lifted its holdings in shares of TransUnion by 1.3% in the first quarter. Roundview Capital LLC now owns 20,949 shares of the business services provider’s stock valued at $2,165,000 after purchasing an additional 272 shares in the last quarter. HighTower Advisors LLC raised its position in TransUnion by 50.9% in the 1st quarter. HighTower Advisors LLC now owns 6,551 shares of the business services provider’s stock valued at $673,000 after buying an additional 2,211 shares during the last quarter. Finally, MetLife Investment Management LLC purchased a new position in TransUnion during the 1st quarter worth $1,000,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on TRU. Evercore ISI upped their price objective on shares of TransUnion from $70.00 to $80.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. Jefferies Financial Group increased their price target on shares of TransUnion from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Barclays increased their target price on shares of TransUnion from $55.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 14th. Truist Financial boosted their target price on TransUnion from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Finally, Wells Fargo & Company boosted their price objective on TransUnion from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, TransUnion currently has a consensus rating of “Moderate Buy” and an average target price of $81.47.

Insider Buying and Selling

In related news, EVP Timothy J. Martin sold 12,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total transaction of $943,080.00. Following the sale, the executive vice president now owns 54,522 shares of the company’s stock, valued at $4,284,883.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Richard Dane Mauldin sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $78.10, for a total value of $117,150.00. Following the completion of the transaction, the executive vice president now directly owns 22,033 shares in the company, valued at approximately $1,720,777.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy J. Martin sold 12,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $78.59, for a total value of $943,080.00. Following the completion of the transaction, the executive vice president now owns 54,522 shares of the company’s stock, valued at approximately $4,284,883.98. The disclosure for this sale can be found here. Insiders sold a total of 15,275 shares of company stock worth $1,204,538 in the last three months. 0.22% of the stock is owned by corporate insiders.

TransUnion Trading Down 2.1 %

Shares of TRU traded down $1.47 during trading hours on Thursday, reaching $68.16. 985,580 shares of the company traded hands, compared to its average volume of 1,620,854. TransUnion has a 12 month low of $42.09 and a 12 month high of $82.75. The company’s fifty day moving average price is $76.79 and its two-hundred day moving average price is $67.91. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.28.

TransUnion (NYSE:TRU) last posted its earnings results on Tuesday, February 13th. The business services provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. The firm had revenue of $954.00 million for the quarter, compared to the consensus estimate of $927.04 million. TransUnion had a positive return on equity of 13.58% and a negative net margin of 7.50%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 EPS. Sell-side analysts predict that TransUnion will post 3.31 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Wednesday, March 6th. TransUnion’s dividend payout ratio is presently -28.19%.

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.