Cibc World Markets Corp Decreases Stock Position in TransUnion (NYSE:TRU)

Cibc World Markets Corp lowered its stake in TransUnion (NYSE:TRU) by 22.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,793 shares of the business services provider’s stock after selling 2,523 shares during the period. Cibc World Markets Corp’s holdings in TransUnion were worth $815,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TRU. Versant Capital Management Inc increased its holdings in TransUnion by 82.1% during the 4th quarter. Versant Capital Management Inc now owns 428 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 193 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in TransUnion during the 4th quarter valued at $44,000. True Wealth Design LLC boosted its position in shares of TransUnion by 4,590.0% during the third quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock valued at $49,000 after buying an additional 459 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of TransUnion during the 4th quarter valued at about $49,000. Finally, Kestra Investment Management LLC bought a new stake in TransUnion in the 4th quarter worth approximately $51,000.

Insider Transactions at TransUnion

In related news, EVP Venkat Achanta sold 1,821 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total transaction of $174,342.54. Following the completion of the transaction, the executive vice president now owns 105,443 shares of the company’s stock, valued at $10,095,112.82. This trade represents 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 firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $93.60, for a total transaction of $93,600.00. Following the transaction, the insider now directly owns 59,488 shares of the company’s stock, valued at approximately $5,568,076.80. This trade represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,021 shares of company stock worth $383,041. Company insiders own 0.22% of the company’s stock.

TransUnion Stock Performance

Shares of NYSE:TRU opened at $85.41 on Friday. The firm has a market cap of $16.66 billion, a PE ratio of 58.50, a price-to-earnings-growth ratio of 1.18 and a beta of 1.70. The firm’s 50 day simple moving average is $92.42 and its 200-day simple moving average is $97.48. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.70 and a current ratio of 1.70. TransUnion has a one year low of $66.07 and a one year high of $113.17.

TransUnion (NYSE:TRU) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.14). The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. As a group, equities analysts predict that TransUnion will post 3.99 EPS for the current year.

TransUnion declared that its board has authorized a share repurchase plan on Thursday, February 13th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the business services provider to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

TransUnion Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.54%. This is an increase from TransUnion’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, February 27th. TransUnion’s dividend payout ratio (DPR) is 31.51%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley reduced their target price on shares of TransUnion from $130.00 to $127.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Oppenheimer dropped their target price on shares of TransUnion from $115.00 to $112.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Jefferies Financial Group dropped their price objective on shares of TransUnion from $125.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Wells Fargo & Company lowered their price target on shares of TransUnion from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Finally, William Blair reaffirmed an “outperform” rating on shares of TransUnion in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, TransUnion presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.64.

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.