Allspring Global Investments Holdings LLC Cuts Stock Holdings in TransUnion (NYSE:TRU)

Allspring Global Investments Holdings LLC lessened its holdings in TransUnion (NYSE:TRU) by 12.5% in the first quarter, Holdings Channel reports. The firm owned 569,576 shares of the business services provider’s stock after selling 81,107 shares during the period. Allspring Global Investments Holdings LLC’s holdings in TransUnion were worth $45,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in TransUnion by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 17,910,715 shares of the business services provider’s stock valued at $1,230,645,000 after buying an additional 234,123 shares in the last quarter. Capital International Investors purchased a new position in TransUnion in the 4th quarter worth approximately $663,001,000. Massachusetts Financial Services Co. MA raised its holdings in TransUnion by 570.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,029,897 shares of the business services provider’s stock valued at $483,024,000 after buying an additional 5,981,271 shares during the last quarter. Meritage Group LP raised its stake in shares of TransUnion by 56.5% during the fourth quarter. Meritage Group LP now owns 5,030,424 shares of the business services provider’s stock valued at $345,640,000 after acquiring an additional 1,815,540 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in TransUnion by 23.7% in the 3rd quarter. Morgan Stanley now owns 4,923,690 shares of the business services provider’s stock worth $353,472,000 after buying an additional 942,924 shares during the period.

TransUnion Stock Performance

Shares of NYSE TRU opened at $75.59 on Thursday. TransUnion has a 12-month low of $42.09 and a 12-month high of $82.75. The stock’s fifty day simple moving average is $74.90 and its two-hundred day simple moving average is $73.54. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.26.

TransUnion (NYSE:TRU) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. TransUnion had a negative net margin of 7.02% and a positive return on equity of 14.26%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $977.62 million. Equities analysts expect that TransUnion will post 3.42 EPS for the current year.

TransUnion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were paid a dividend of $0.105 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.42 annualized dividend and a yield of 0.56%. TransUnion’s dividend payout ratio (DPR) is -29.37%.

Insider Activity at TransUnion

In other news, insider Steven M. Chaouki sold 1,776 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $72.00, for a total transaction of $127,872.00. Following the sale, the insider now owns 71,547 shares in the company, valued at $5,151,384. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Steven M. Chaouki sold 1,776 shares of TransUnion stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $72.00, for a total transaction of $127,872.00. Following the completion of the sale, the insider now directly owns 71,547 shares in the company, valued at $5,151,384. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Heather J. Russell sold 7,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $73.10, for a total value of $511,700.00. Following the completion of the transaction, the executive vice president now directly owns 32,744 shares in the company, valued at $2,393,586.40. The disclosure for this sale can be found here. Insiders have sold 16,896 shares of company stock valued at $1,237,376 in the last ninety days. Corporate insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Morgan Stanley lifted their price objective on TransUnion from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Robert W. Baird upped their target price on shares of TransUnion from $87.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Evercore ISI upped their price target on TransUnion from $70.00 to $80.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Stifel Nicolaus lifted their target price on shares of TransUnion from $83.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Oppenheimer upped their price objective on TransUnion from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.73.

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.