Oak Ridge Investments LLC reduced its stake in TransUnion (NYSE:TRU) by 5.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,680 shares of the business services provider’s stock after selling 633 shares during the period. Oak Ridge Investments LLC’s holdings in TransUnion were worth $961,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in TransUnion by 271.8% in the 4th quarter. Bessemer Group Inc. now owns 383 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 280 shares during the last quarter. Jackson Grant Investment Advisers Inc. bought a new stake in TransUnion in the 4th quarter valued at $46,000. Whittier Trust Co. increased its holdings in TransUnion by 27.0% in the 1st quarter. Whittier Trust Co. now owns 546 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 116 shares during the last quarter. University of Texas Texas AM Investment Managment Co. bought a new stake in TransUnion in the 4th quarter valued at $50,000. Finally, Allred Capital Management LLC bought a new stake in TransUnion in the 1st quarter valued at $51,000. Institutional investors own 96.21% of the company’s stock.
In other news, insider David M. Neenan sold 31,126 shares of the business’s stock in a transaction dated Friday, April 30th. The shares were sold at an average price of $104.17, for a total value of $3,242,395.42. Following the completion of the sale, the insider now owns 99,750 shares in the company, valued at approximately $10,390,957.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Heather J. Russell sold 857 shares of the business’s stock in a transaction dated Friday, March 19th. The shares were sold at an average price of $87.27, for a total transaction of $74,790.39. Following the completion of the sale, the executive vice president now owns 32,804 shares of the company’s stock, valued at approximately $2,862,805.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,295 shares of company stock valued at $6,199,341. 0.21% of the stock is owned by corporate insiders.
TransUnion (NYSE:TRU) last released its quarterly earnings data on Tuesday, April 27th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.14. The company had revenue of $745.30 million during the quarter, compared to analysts’ expectations of $704.39 million. TransUnion had a net margin of 14.45% and a return on equity of 22.42%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. On average, research analysts predict that TransUnion will post 3.27 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 10th. Shareholders of record on Wednesday, May 26th were given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 0.36%. This is a boost from TransUnion’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, May 25th. TransUnion’s payout ratio is 13.52%.
A number of brokerages have commented on TRU. Jefferies Financial Group raised shares of TransUnion from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $92.00 to $115.00 in a research note on Friday, February 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TransUnion from $103.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, April 28th. TheStreet raised shares of TransUnion from a “c+” rating to a “b” rating in a research note on Tuesday, April 27th. Robert W. Baird lifted their price objective on shares of TransUnion from $116.00 to $121.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 28th. Finally, Morgan Stanley lifted their price objective on shares of TransUnion from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 28th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $111.75.
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Markets, International, and Consumer Interactive. The U.S. Markets segment provides consumer reports, actionable insights, and analytics, such as credit and other scores, as well as technology solutions for businesses.
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