State of Michigan Retirement System Takes Position in TransUnion $TRU

State of Michigan Retirement System purchased a new position in TransUnion (NYSE:TRU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 46,400 shares of the business services provider’s stock, valued at approximately $3,887,000.

Several other institutional investors and hedge funds have also bought and sold shares of TRU. BI Asset Management Fondsmaeglerselskab A S grew its stake in TransUnion by 15.8% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,088 shares of the business services provider’s stock worth $761,000 after buying an additional 1,243 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of TransUnion by 32.5% during the 3rd quarter. Savant Capital LLC now owns 6,969 shares of the business services provider’s stock worth $584,000 after acquiring an additional 1,710 shares during the period. Hantz Financial Services Inc. boosted its position in shares of TransUnion by 10,850.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 876 shares of the business services provider’s stock worth $73,000 after acquiring an additional 868 shares in the last quarter. Allianz Asset Management GmbH increased its stake in TransUnion by 202.1% in the third quarter. Allianz Asset Management GmbH now owns 163,911 shares of the business services provider’s stock valued at $13,732,000 after acquiring an additional 109,662 shares during the last quarter. Finally, Callan Family Office LLC raised its position in TransUnion by 11.8% during the third quarter. Callan Family Office LLC now owns 3,907 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 411 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley reduced their target price on TransUnion from $122.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, December 17th. Wells Fargo & Company reduced their price objective on TransUnion from $118.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. UBS Group set a $90.00 target price on TransUnion and gave the stock a “neutral” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “hold (c)” rating on shares of TransUnion in a report on Wednesday, January 21st. Finally, Robert W. Baird set a $125.00 price target on shares of TransUnion in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.08.

TransUnion Price Performance

TransUnion stock opened at $74.10 on Wednesday. The stock has a 50-day moving average price of $82.95 and a two-hundred day moving average price of $84.60. TransUnion has a 12 month low of $65.24 and a 12 month high of $101.19. The company has a market capitalization of $14.39 billion, a PE ratio of 34.63, a P/E/G ratio of 1.40 and a beta of 1.70. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.10.

Insider Buying and Selling

In other TransUnion news, EVP Tiffani Chambers sold 4,318 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $86.00, for a total transaction of $371,348.00. Following the sale, the executive vice president directly owned 50,427 shares of the company’s stock, valued at $4,336,722. The trade was a 7.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $85.71, for a total transaction of $85,710.00. Following the completion of the transaction, the insider owned 61,592 shares of the company’s stock, valued at approximately $5,279,050.32. This trade represents a 1.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,818 shares of company stock worth $663,883 in the last ninety days. Company insiders own 0.25% of the company’s stock.

TransUnion Company Profile

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.