OMERS ADMINISTRATION Corp purchased a new stake in shares of TransUnion (NYSE:TRU – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 10,093 shares of the business services provider’s stock, valued at approximately $728,000.
Other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in TransUnion by 1,318.2% during the first quarter. Geneos Wealth Management Inc. now owns 312 shares of the business services provider’s stock worth $26,000 after acquiring an additional 290 shares during the period. Cornerstone Planning Group LLC lifted its holdings in TransUnion by 130.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 389 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 220 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of TransUnion during the 3rd quarter valued at about $36,000. Essential Partners LLC grew its stake in shares of TransUnion by 63.7% in the 1st quarter. Essential Partners LLC now owns 609 shares of the business services provider’s stock worth $42,000 after purchasing an additional 237 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in shares of TransUnion in the 2nd quarter worth approximately $45,000.
TransUnion Trading Up 0.3%
NYSE:TRU opened at $84.74 on Friday. The stock has a market cap of $16.24 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 1.39 and a beta of 1.53. TransUnion has a fifty-two week low of $63.37 and a fifty-two week high of $95.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.90 and a quick ratio of 1.90. The stock’s 50-day moving average is $77.76 and its two-hundred day moving average is $73.70.
TransUnion Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 20th. TransUnion’s payout ratio is currently 13.19%.
Wall Street Analysts Forecast Growth
TRU has been the subject of several recent research reports. UBS Group increased their target price on shares of TransUnion from $72.00 to $77.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Bank of America dropped their price target on TransUnion from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. The Goldman Sachs Group reiterated a “neutral” rating and set a $82.00 price objective on shares of TransUnion in a research report on Tuesday, July 28th. BNP Paribas Exane upgraded TransUnion from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 28th. Finally, Barclays boosted their target price on TransUnion from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.38.
Check Out Our Latest Report on TransUnion
Insiders Place Their Bets
In other TransUnion news, insider Todd C. Skinner sold 950 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $79.96, for a total value of $75,962.00. Following the completion of the sale, the insider directly owned 63,849 shares of the company’s stock, valued at $5,105,366.04. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mohamed Abdelsadek sold 23,495 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $85.00, for a total transaction of $1,997,075.00. Following the transaction, the executive vice president owned 57,182 shares in the company, valued at approximately $4,860,470. This trade represents a 29.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,090 shares of company stock worth $4,134,921 in the last quarter. Corporate insiders own 0.37% of the company’s stock.
TransUnion 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.
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