Bradley Foster & Sargent Inc. CT Cuts Position in TransUnion (NYSE:TRU)

Bradley Foster & Sargent Inc. CT lowered its position in TransUnion (NYSE:TRU) by 88.0% in the fourth quarter, Holdings Channel reports. The fund owned 17,638 shares of the business services provider’s stock after selling 129,436 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in TransUnion were worth $1,635,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its position in shares of TransUnion by 10.2% during the 4th quarter. Handelsbanken Fonder AB now owns 37,355 shares of the business services provider’s stock worth $3,463,000 after purchasing an additional 3,443 shares during the last quarter. Ieq Capital LLC increased its holdings in TransUnion by 399.1% in the fourth quarter. Ieq Capital LLC now owns 34,180 shares of the business services provider’s stock valued at $3,169,000 after buying an additional 27,331 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in TransUnion in the fourth quarter valued at $51,000. Venturi Wealth Management LLC lifted its holdings in TransUnion by 617.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,737 shares of the business services provider’s stock worth $161,000 after buying an additional 1,495 shares during the last quarter. Finally, Truist Financial Corp boosted its position in shares of TransUnion by 29.1% during the 4th quarter. Truist Financial Corp now owns 24,326 shares of the business services provider’s stock worth $2,255,000 after acquiring an additional 5,479 shares in the last quarter.

TransUnion Stock Down 2.9 %

TransUnion stock opened at $91.75 on Friday. The stock has a 50 day moving average of $94.86 and a two-hundred day moving average of $98.15. TransUnion has a twelve month low of $66.07 and a twelve month high of $113.17. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of 62.84, a PEG ratio of 1.18 and a beta of 1.63. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.18.

TransUnion (NYSE:TRU) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. As a group, research analysts expect that TransUnion will post 3.99 earnings per share for the current year.

TransUnion announced that its Board of Directors has approved a stock buyback plan on Thursday, February 13th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the business services provider to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

TransUnion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be issued a dividend of $0.115 per share. This is a boost from TransUnion’s previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Thursday, February 27th. TransUnion’s dividend payout ratio is currently 28.77%.

Insider Activity at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $93.60, for a total transaction of $93,600.00. Following the completion of the transaction, the insider now directly owns 59,488 shares of the company’s stock, valued at approximately $5,568,076.80. This represents a 1.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Todd C. Skinner sold 3,090 shares of TransUnion stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $101.48, for a total value of $313,573.20. Following the completion of the sale, the insider now owns 24,333 shares in the company, valued at approximately $2,469,312.84. This trade represents a 11.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,590 shares of company stock worth $1,854,218 over the last 90 days. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

TRU has been the topic of several research analyst reports. Morgan Stanley cut their target price 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 reiterated an “outperform” rating on shares of TransUnion in a research note on Friday, February 14th. Needham & Company LLC restated a “hold” rating on shares of TransUnion in a research report on Friday, February 14th. Oppenheimer dropped their target price on shares of TransUnion from $115.00 to $112.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company cut their price target 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. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $111.64.

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.