Mitsubishi UFJ Trust & Banking Corp Sells 9,433 Shares of TransUnion (NYSE:TRU)

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of TransUnion (NYSE:TRU) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,021 shares of the business services provider’s stock after selling 9,433 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of TransUnion worth $9,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in TransUnion by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 700,518 shares of the business services provider’s stock valued at $64,945,000 after buying an additional 22,826 shares during the period. FMR LLC grew its position in shares of TransUnion by 307.7% during the 3rd quarter. FMR LLC now owns 4,540,896 shares of the business services provider’s stock valued at $475,432,000 after acquiring an additional 3,427,199 shares during the period. Captrust Financial Advisors purchased a new stake in shares of TransUnion during the 3rd quarter worth approximately $892,000. Jones Financial Companies Lllp raised its holdings in shares of TransUnion by 62.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,097 shares of the business services provider’s stock worth $194,000 after purchasing an additional 803 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in TransUnion by 22.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 26,308 shares of the business services provider’s stock valued at $2,439,000 after purchasing an additional 4,743 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TRU. Jefferies Financial Group lowered their target price on TransUnion from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company dropped their price objective on shares of TransUnion from $135.00 to $126.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. William Blair reiterated an “outperform” rating on shares of TransUnion in a research report on Monday, March 24th. UBS Group boosted their price target on shares of TransUnion from $102.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, TransUnion has an average rating of “Moderate Buy” and a consensus target price of $114.08.

Insider Transactions at TransUnion

In other TransUnion news, EVP Venkat Achanta sold 1,821 shares of TransUnion stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total transaction of $174,342.54. Following the completion of the sale, the executive vice president now owns 105,443 shares of the company’s stock, valued at $10,095,112.82. The trade was a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $95,950.00. Following the transaction, the insider now owns 58,488 shares in the company, valued at $5,611,923.60. This trade represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,021 shares of company stock valued at $383,041. Insiders own 0.22% of the company’s stock.

TransUnion Price Performance

NYSE:TRU opened at $82.27 on Friday. TransUnion has a 52-week low of $66.07 and a 52-week high of $113.17. The stock has a fifty day moving average of $91.72 and a 200 day moving average of $97.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market capitalization of $16.05 billion, a price-to-earnings ratio of 56.35, a P/E/G ratio of 1.18 and a beta of 1.70.

TransUnion (NYSE:TRU) 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). The business 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%. On average, research analysts expect that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were given a dividend of $0.115 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.46 annualized dividend and a dividend yield of 0.56%. This is a boost from TransUnion’s previous quarterly dividend of $0.11. TransUnion’s dividend payout ratio (DPR) is 31.51%.

TransUnion declared that its board has approved a stock buyback plan on Thursday, February 13th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

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.