Wealthfront Advisers LLC trimmed its holdings in TransUnion (NYSE:TRU – Free Report) by 56.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,279 shares of the business services provider’s stock after selling 6,774 shares during the period. Wealthfront Advisers LLC’s holdings in TransUnion were worth $365,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth High Governance Capital Ltda acquired a new position in shares of TransUnion during the fourth quarter valued at about $10,466,000. Mirabaud Asset Management Ltd boosted its stake in TransUnion by 49.3% in the 4th quarter. Mirabaud Asset Management Ltd now owns 76,844 shares of the business services provider’s stock worth $7,221,000 after purchasing an additional 25,381 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. grew its position in TransUnion by 18.6% during the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 292,452 shares of the business services provider’s stock worth $25,078,000 after purchasing an additional 45,840 shares during the last quarter. PBCay One RSC Ltd acquired a new position in TransUnion during the 4th quarter valued at approximately $52,131,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of TransUnion by 280.6% in the fourth quarter. BNP Paribas Financial Markets now owns 269,550 shares of the business services provider’s stock worth $23,114,000 after buying an additional 198,726 shares during the last quarter.
TransUnion Trading Down 2.1%
NYSE TRU opened at $73.81 on Friday. TransUnion has a 1 year low of $63.37 and a 1 year high of $99.39. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.93 and a quick ratio of 1.93. The company has a market capitalization of $14.23 billion, a PE ratio of 20.45, a P/E/G ratio of 1.35 and a beta of 1.55. The company has a fifty day moving average of $71.68 and a 200 day moving average of $73.74.
TransUnion Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Wednesday, May 27th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 27th. TransUnion’s payout ratio is currently 13.85%.
Insider Activity
In related news, insider Todd C. Skinner sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $72.64, for a total transaction of $72,640.00. Following the sale, the insider owned 64,634 shares in the company, valued at approximately $4,695,013.76. This trade represents a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather J. Russell sold 6,683 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $71.87, for a total transaction of $480,307.21. Following the completion of the transaction, the executive vice president owned 45,248 shares of the company’s stock, valued at approximately $3,251,973.76. This trade represents a 12.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 30,155 shares of company stock valued at $2,177,102. 0.37% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on TRU shares. Weiss Ratings raised shares of TransUnion from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Robert W. Baird set a $108.00 target price on TransUnion in a research note on Wednesday, April 29th. Bank of America dropped their price target on TransUnion from $83.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Needham & Company LLC reissued a “buy” rating and issued a $95.00 price objective on shares of TransUnion in a report on Wednesday, April 29th. Finally, Mizuho reduced their price objective on TransUnion from $88.00 to $77.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.60.
Get Our Latest Report on TransUnion
About TransUnion
TransUnion is a global information and insights company that helps businesses and consumers make critical decisions using data and analytics. As one of the three major credit bureaus in the United States, TransUnion collects and aggregates credit information on individuals and businesses, providing credit reports, risk scores and portfolio management tools to financial institutions, lenders, landlords and other decision makers. Its consumer-facing products enable individuals to monitor credit status, detect identity theft and access personalized financial insights.
The company’s offerings span credit risk assessment, identity management, fraud prevention and marketing solutions.
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