Allspring Global Investments Holdings LLC Has $36.97 Million Position in TransUnion (NYSE:TRU)

Allspring Global Investments Holdings LLC cut its position in TransUnion (NYSE:TRU) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 402,528 shares of the business services provider’s stock after selling 13,273 shares during the period. Allspring Global Investments Holdings LLC owned about 0.21% of TransUnion worth $36,972,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRU. Massachusetts Financial Services Co. MA raised its stake in TransUnion by 17.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 19,180,562 shares of the business services provider’s stock worth $2,008,205,000 after buying an additional 2,840,800 shares during the period. FMR LLC raised 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 worth $475,432,000 after purchasing an additional 3,427,199 shares during the period. Wellington Management Group LLP lifted its holdings in shares of TransUnion by 16.8% during the 3rd quarter. Wellington Management Group LLP now owns 4,426,510 shares of the business services provider’s stock valued at $463,456,000 after purchasing an additional 635,581 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of TransUnion by 2.4% in the 3rd quarter. Janus Henderson Group PLC now owns 3,154,262 shares of the business services provider’s stock valued at $330,251,000 after purchasing an additional 75,410 shares during the period. Finally, Ninety One UK Ltd increased its stake in TransUnion by 6.6% during the 4th quarter. Ninety One UK Ltd now owns 3,054,632 shares of the business services provider’s stock worth $283,195,000 after purchasing an additional 188,300 shares in the last quarter.

Insider Buying and Selling

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $95.95, for a total transaction of $95,950.00. Following the sale, the insider now directly owns 58,488 shares in the company, valued at $5,611,923.60. This represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George M. Awad sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.00, for a total transaction of $1,200,000.00. Following the completion of the transaction, the director now owns 27,026 shares of the company’s stock, valued at $2,702,600. The trade was a 30.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,590 shares of company stock valued at $1,854,218 over the last 90 days. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TRU has been the topic of a number of research reports. Oppenheimer cut their price target on shares of TransUnion from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Stifel Nicolaus boosted their price objective on shares of TransUnion from $103.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. UBS Group increased their target price on TransUnion from $102.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. William Blair restated an “outperform” rating on shares of TransUnion in a report on Friday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $121.00 price objective on shares of TransUnion in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.64.

TransUnion Stock Performance

TRU opened at $99.79 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68. The business has a fifty day simple moving average of $95.13 and a 200 day simple moving average of $97.85. TransUnion has a 1 year low of $66.07 and a 1 year high of $113.17. The company has a market capitalization of $19.45 billion, a PE ratio of 86.77, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63.

TransUnion (NYSE:TRU) last released its quarterly earnings results 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). TransUnion had a net margin of 5.47% and a return on equity of 15.38%. Research analysts expect that TransUnion will post 3.44 EPS for the current year.

TransUnion declared that its Board of Directors has initiated a share repurchase 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 repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

TransUnion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be paid a $0.115 dividend. This is a boost from TransUnion’s previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Thursday, February 27th. TransUnion’s payout ratio is 31.51%.

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.