SEB Asset Management AB acquired a new position in shares of TransUnion (NYSE:TRU – Free Report) during the 1st quarter, Holdings Channel reports. The fund acquired 37,673 shares of the business services provider’s stock, valued at approximately $2,607,000.
Other institutional investors have also modified their holdings of the company. Swiss National Bank lifted its stake in shares of TransUnion by 6.8% in the 1st quarter. Swiss National Bank now owns 570,000 shares of the business services provider’s stock valued at $39,438,000 after purchasing an additional 36,200 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of TransUnion by 14.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,188 shares of the business services provider’s stock valued at $82,000 after purchasing an additional 152 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in TransUnion by 46.2% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,979 shares of the business services provider’s stock valued at $275,000 after buying an additional 1,257 shares during the period. State of Michigan Retirement System raised its holdings in TransUnion by 0.9% during the 1st quarter. State of Michigan Retirement System now owns 46,300 shares of the business services provider’s stock valued at $3,203,000 after buying an additional 400 shares during the period. Finally, Principal Financial Group Inc. lifted its position in TransUnion by 2.8% in the first quarter. Principal Financial Group Inc. now owns 429,558 shares of the business services provider’s stock worth $29,721,000 after buying an additional 11,680 shares during the last quarter.
TransUnion Trading Down 2.1%
TRU stock opened at $73.81 on Friday. 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. TransUnion has a 12 month low of $63.37 and a 12 month high of $99.39. The firm’s 50-day moving average is $71.68 and its 200 day moving average is $73.74. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.93 and a quick ratio of 1.93.
TransUnion Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Wednesday, May 27th were issued a $0.125 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.7%. TransUnion’s payout ratio is presently 13.85%.
Analysts Set New Price Targets
Several research analysts have commented on TRU shares. Wall Street Zen lowered shares of TransUnion from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Needham & Company LLC reissued a “buy” rating and issued a $95.00 target price on shares of TransUnion in a research note on Wednesday, April 29th. Robert W. Baird set a $108.00 target price on shares of TransUnion in a report on Wednesday, April 29th. Mizuho dropped their price target on shares of TransUnion from $88.00 to $77.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Finally, UBS Group increased their price objective on shares of TransUnion from $72.00 to $77.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, TransUnion currently has an average rating of “Moderate Buy” and an average target price of $91.60.
Get Our Latest Stock Report on TransUnion
Insider Transactions at TransUnion
In related news, insider Steven M. Chaouki sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $72.64, for a total value of $726,400.00. Following the transaction, the insider owned 89,906 shares of the company’s stock, valued at $6,530,771.84. This represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer A. Williams sold 972 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $80.00, for a total value of $77,760.00. Following the transaction, the chief accounting officer owned 5,843 shares in the company, valued at $467,440. The trade was a 14.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 30,155 shares of company stock worth $2,177,102 in the last ninety days. 0.37% of the stock is owned by company insiders.
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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