57,490 Shares in TransUnion (NYSE:TRU) Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. acquired a new stake in TransUnion (NYSE:TRU) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 57,490 shares of the business services provider’s stock, valued at approximately $5,337,000.

A number of other institutional investors have also recently made changes to their positions in TRU. Wellington Management Group LLP raised its holdings in TransUnion by 52.5% during the 4th quarter. Wellington Management Group LLP now owns 6,749,849 shares of the business services provider’s stock valued at $625,779,000 after buying an additional 2,323,339 shares during the last quarter. Norges Bank bought a new position in shares of TransUnion during the fourth quarter valued at about $180,011,000. William Blair Investment Management LLC grew its stake in shares of TransUnion by 30.6% in the fourth quarter. William Blair Investment Management LLC now owns 3,370,742 shares of the business services provider’s stock worth $312,501,000 after purchasing an additional 789,497 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in TransUnion by 1.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 19,540,131 shares of the business services provider’s stock valued at $1,811,566,000 after purchasing an additional 359,569 shares during the period. Finally, Van ECK Associates Corp raised its position in TransUnion by 7.4% during the 4th quarter. Van ECK Associates Corp now owns 5,139,607 shares of the business services provider’s stock valued at $476,493,000 after purchasing an additional 356,306 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TRU shares. Morgan Stanley cut their price objective on TransUnion from $130.00 to $127.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. William Blair reissued an “outperform” rating on shares of TransUnion in a research report on Monday, March 24th. Oppenheimer decreased their price objective 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. Wells Fargo & Company cut their target price on shares of TransUnion from $135.00 to $126.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Finally, Jefferies Financial Group decreased their price target on shares of TransUnion from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.54.

Insider Transactions at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $83.31, for a total transaction of $83,310.00. Following the transaction, the insider now directly owns 77,393 shares of the company’s stock, valued at $6,447,610.83. This represents a 1.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Venkat Achanta sold 1,821 shares of TransUnion stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total value of $174,342.54. Following the completion of the sale, the executive vice president now owns 105,443 shares of the company’s stock, valued at $10,095,112.82. The trade was a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,021 shares of company stock worth $372,751. Corporate insiders own 0.22% of the company’s stock.

TransUnion Stock Performance

Shares of TRU opened at $69.20 on Wednesday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. The stock has a market cap of $13.50 billion, a P/E ratio of 47.40, a P/E/G ratio of 1.18 and a beta of 1.67. The business’s 50 day moving average price is $88.43 and its 200-day moving average price is $95.74. TransUnion has a 52 week low of $66.07 and a 52 week high of $113.17.

TransUnion (NYSE:TRU) last released its earnings results on Thursday, February 13th. The business services provider reported $0.83 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.14). TransUnion had a return on equity of 15.85% and a net margin of 6.80%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Equities research analysts anticipate that TransUnion will post 3.99 earnings per share for the current fiscal year.

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 issued a $0.115 dividend. The ex-dividend date was Thursday, February 27th. This is a boost from TransUnion’s previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a yield of 0.66%. TransUnion’s payout ratio is 31.51%.

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

TransUnion Company 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.