Amalgamated Bank Lowers Stock Holdings in TransUnion (NYSE:TRU)

Amalgamated Bank cut its stake in shares of TransUnion (NYSE:TRU) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,115 shares of the business services provider’s stock after selling 244 shares during the period. Amalgamated Bank’s holdings in TransUnion were worth $938,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in shares of TransUnion by 84.5% during the third quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Versant Capital Management Inc increased its stake in TransUnion by 82.1% in the 4th quarter. Versant Capital Management Inc now owns 428 shares of the business services provider’s stock valued at $40,000 after buying an additional 193 shares during the period. Retirement Wealth Solutions LLC acquired a new position in TransUnion in the 4th quarter valued at $44,000. True Wealth Design LLC raised its position in TransUnion by 4,590.0% during the 3rd quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock worth $49,000 after buying an additional 459 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of TransUnion in the 4th quarter worth $51,000.

Analyst Ratings Changes

TRU has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of TransUnion from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Friday, January 10th. William Blair reissued an “outperform” rating on shares of TransUnion in a research note on Friday, February 14th. UBS Group raised their price target on TransUnion from $102.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Jefferies Financial Group dropped their price objective on TransUnion from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, Morgan Stanley reduced their target price on TransUnion from $130.00 to $127.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $111.64.

Insider Transactions at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $95.95, for a total transaction of $95,950.00. Following the completion of the sale, the insider now directly owns 58,488 shares in the company, valued at $5,611,923.60. The trade was a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Venkat Achanta sold 1,821 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total transaction of $174,342.54. Following the transaction, the executive vice president now directly owns 105,443 shares in the company, valued at $10,095,112.82. The trade was a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,021 shares of company stock valued at $383,041 over the last three months. 0.22% of the stock is currently owned by insiders.

TransUnion Price Performance

TransUnion stock opened at $89.59 on Tuesday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. The firm’s 50-day simple moving average is $94.63 and its 200 day simple moving average is $98.58. TransUnion has a 52 week low of $66.07 and a 52 week high of $113.17. The firm has a market capitalization of $17.48 billion, a PE ratio of 61.36, a P/E/G ratio of 1.18 and a beta of 1.63.

TransUnion (NYSE:TRU) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.83 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.14). TransUnion had a net margin of 6.80% and a return on equity of 15.85%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. On average, equities research analysts predict that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 27th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.51%. This is a boost from TransUnion’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, February 27th. TransUnion’s payout ratio is 31.51%.

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

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.