Nuveen LLC Invests $55.61 Million in TransUnion (NYSE:TRU)

Nuveen LLC purchased a new position in shares of TransUnion (NYSE:TRU) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 670,047 shares of the business services provider’s stock, valued at approximately $55,607,000. Nuveen LLC owned 0.34% of TransUnion as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp raised its stake in TransUnion by 105.3% during the first quarter. Fifth Third Bancorp now owns 423 shares of the business services provider’s stock worth $35,000 after buying an additional 217 shares during the last quarter. Private Trust Co. NA grew its stake in shares of TransUnion by 194.1% in the 1st quarter. Private Trust Co. NA now owns 553 shares of the business services provider’s stock valued at $46,000 after buying an additional 365 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of TransUnion in the 4th quarter valued at about $47,000. Quarry LP acquired a new stake in shares of TransUnion in the 4th quarter valued at about $58,000. Finally, NewEdge Advisors LLC grew its stake in shares of TransUnion by 72.1% in the 4th quarter. NewEdge Advisors LLC now owns 649 shares of the business services provider’s stock valued at $60,000 after buying an additional 272 shares during the period.

Wall Street Analyst Weigh In

Several research firms have recently commented on TRU. Oppenheimer boosted their target price on shares of TransUnion from $100.00 to $108.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 8th. Wall Street Zen downgraded shares of TransUnion from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Stifel Nicolaus decreased their target price on shares of TransUnion from $120.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Wells Fargo & Company decreased their target price on shares of TransUnion from $124.00 to $118.00 and set an “overweight” rating for the company in a research report on Friday, July 25th. Finally, BMO Capital Markets boosted their target price on shares of TransUnion from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.46.

TransUnion Stock Down 2.8%

TransUnion stock opened at $90.20 on Friday. TransUnion has a fifty-two week low of $66.38 and a fifty-two week high of $113.17. The stock has a market cap of $17.57 billion, a PE ratio of 45.10, a price-to-earnings-growth ratio of 2.59 and a beta of 1.65. The firm’s 50-day simple moving average is $90.69 and its 200 day simple moving average is $87.69. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.02 and a current ratio of 2.03.

TransUnion (NYSE:TRU) last released its earnings results on Thursday, July 24th. The business services provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.09. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. TransUnion had a net margin of 8.99% and a return on equity of 16.08%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share. Research analysts predict that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Shareholders of record on Friday, August 22nd will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, August 22nd. TransUnion’s payout ratio is presently 23.00%.

Insider Transactions at TransUnion

In other TransUnion news, CAO Jennifer A. Williams sold 972 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $92.89, for a total value of $90,289.08. Following the transaction, the chief accounting officer directly owned 7,108 shares in the company, valued at $660,262.12. The trade was a 12.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven M. Chaouki sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $87.14, for a total transaction of $87,140.00. Following the completion of the transaction, the insider owned 74,393 shares in the company, valued at approximately $6,482,606.02. The trade was a 1.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,972 shares of company stock worth $353,549. Corporate insiders own 0.22% of the company’s stock.

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.