Sumitomo Mitsui Trust Holdings Inc. Sells 13,057 Shares of TransUnion (NYSE:TRU)

Sumitomo Mitsui Trust Holdings Inc. decreased its position in TransUnion (NYSE:TRU) by 1.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,212,819 shares of the business services provider’s stock after selling 13,057 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.62% of TransUnion worth $96,783,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TRU. Capital International Investors bought a new position in TransUnion in the fourth quarter valued at about $663,001,000. Massachusetts Financial Services Co. MA lifted its holdings in TransUnion by 570.4% in the fourth 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 acquiring an additional 5,981,271 shares during the period. Meritage Group LP lifted its holdings in TransUnion by 56.5% in 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 period. Norges Bank bought a new position in TransUnion in the fourth quarter valued at about $90,682,000. Finally, Van ECK Associates Corp lifted its holdings in TransUnion by 27.9% in the fourth quarter. Van ECK Associates Corp now owns 4,744,770 shares of the business services provider’s stock valued at $326,013,000 after acquiring an additional 1,035,634 shares during the period.

Insider Buying and Selling at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $74.27, for a total value of $74,270.00. Following the completion of the transaction, the insider now owns 70,547 shares in the company, valued at approximately $5,239,525.69. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Heather J. Russell sold 7,000 shares of TransUnion stock in a transaction that occurred on Friday, June 14th. The stock was 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 owns 32,744 shares in the company, valued at approximately $2,393,586.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $74.27, for a total value of $74,270.00. Following the completion of the transaction, the insider now owns 70,547 shares of the company’s stock, valued at approximately $5,239,525.69. The disclosure for this sale can be found here. Insiders sold 16,896 shares of company stock worth $1,237,376 in the last quarter. 0.28% of the stock is owned by corporate insiders.

TransUnion Trading Up 2.3 %

NYSE TRU opened at $75.59 on Thursday. The business has a 50 day simple moving average of $74.90 and a two-hundred day simple moving average of $73.54. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.65 and a current ratio of 1.65. TransUnion has a 1-year low of $42.09 and a 1-year high of $82.75.

TransUnion (NYSE:TRU) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.12. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $977.62 million. TransUnion had a positive return on equity of 14.26% and a negative net margin of 7.02%. On average, sell-side analysts anticipate that TransUnion will post 3.42 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, May 16th. TransUnion’s dividend payout ratio is presently -29.37%.

Wall Street Analyst Weigh In

Several research firms have recently commented on TRU. Oppenheimer raised 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. Stifel Nicolaus raised their price objective on TransUnion from $83.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Bank of America raised TransUnion from a “neutral” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Thursday, June 20th. Needham & Company LLC raised their price objective on TransUnion from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, Morgan Stanley raised their price objective on TransUnion from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.73.

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.