TransUnion (NYSE:TRU) Stock: Insider Venkat Achanta Sells 29,291 Shares

TransUnion (NYSE:TRU) EVP Venkat Achanta sold 29,291 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $80.74, for a total transaction of $2,364,955.34. Following the transaction, the executive vice president directly owned 167,621 shares of the company’s stock, valued at $13,533,719.54. The trade was a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Venkat Achanta also recently made the following trade(s):

• On Thursday, September 10th, Venkat Achanta sold 23,287 shares of TransUnion stock. The stock was sold at an average price of $77.00, for a total transaction of $1,793,099.00.

TransUnion Price Performance

Shares of NYSE:TRU opened at $81.93 on Thursday. The firm’s 50 day moving average is $73.96 and its two-hundred day moving average is $74.13. TransUnion has a 52 week low of $60.96 and a 52 week high of $89.12. The firm has a market capitalization of $15.62 billion, a P/E ratio of 19.76, a PEG ratio of 1.56 and a beta of 1.56. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.07.

TransUnion (NYSE:TRU) last issued its quarterly earnings data on Tuesday, October 27th. The business services provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.04. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. TransUnion had a return on equity of 16.51% and a net margin of 15.83%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. Analysts anticipate that TransUnion will post 4.27 earnings per share for the current year.

TransUnion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.1350 per share. This represents a $0.54 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, November 10th. This is an increase from TransUnion’s previous quarterly dividend of $0.1250. TransUnion’s dividend payout ratio (DPR) is presently 13.14%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in TransUnion in the second quarter worth approximately $1,367,560,000. Jupiter Topco LLC acquired a new position in shares of TransUnion during the 2nd quarter valued at $280,292,000. Meritage Group LP acquired a new position in shares of TransUnion during the 2nd quarter valued at $263,751,000. Janus Henderson Group PLC increased its position in shares of TransUnion by 8.5% during the 1st quarter. Janus Henderson Group PLC now owns 3,740,326 shares of the business services provider’s stock valued at $258,794,000 after purchasing an additional 293,091 shares during the period. Finally, Ninety One UK Ltd raised its stake in shares of TransUnion by 20.6% in the 3rd quarter. Ninety One UK Ltd now owns 4,044,338 shares of the business services provider’s stock worth $247,190,000 after buying an additional 689,649 shares in the last quarter.

Analyst Upgrades and Downgrades

TRU has been the subject of a number of analyst reports. Rothschild & Co Redburn lowered TransUnion from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $89.00 to $91.00 in a research report on Monday. Mizuho lowered their price target on TransUnion from $77.00 to $74.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. BNP Paribas Exane upgraded shares of TransUnion from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 28th. Zacks Research cut shares of TransUnion from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 29th. Finally, The Goldman Sachs Group upped their price objective on shares of TransUnion from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. Ten research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $90.72.

About TransUnion

TransUnion is a global information and insights company that helps businesses assess risk, prevent fraud and make informed decisions. Its services include credit reporting and scoring, identity verification, fraud detection, and data and analytics solutions for industries such as financial services, retail, insurance and telecommunications. The company also provides consumers with access to credit information and tools to monitor and manage their financial identities. Its offerings include credit reports, credit monitoring and identity-protection services.