Schwab Charles Investment Management Inc. Acquires 41,501 Shares of TransUnion (TRU)

Schwab Charles Investment Management Inc. increased its holdings in shares of TransUnion (NYSE:TRU) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 564,624 shares of the business services provider’s stock after acquiring an additional 41,501 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.31% of TransUnion worth $32,060,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. New York State Teachers Retirement System increased its position in TransUnion by 6.0% during the first quarter. New York State Teachers Retirement System now owns 14,200 shares of the business services provider’s stock worth $806,000 after acquiring an additional 800 shares during the period. Public Employees Retirement Association of Colorado increased its position in TransUnion by 3.6% during the first quarter. Public Employees Retirement Association of Colorado now owns 24,672 shares of the business services provider’s stock worth $1,401,000 after acquiring an additional 855 shares during the period. Strs Ohio bought a new position in TransUnion during the fourth quarter worth about $107,000. Valeo Financial Advisors LLC bought a new position in TransUnion during the fourth quarter worth about $113,000. Finally, Highland Capital Management LLC increased its position in TransUnion by 30.0% during the fourth quarter. Highland Capital Management LLC now owns 9,111 shares of the business services provider’s stock worth $501,000 after acquiring an additional 2,104 shares during the period. 99.64% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider James M. Peck sold 209,500 shares of the firm’s stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $64.64, for a total value of $13,542,080.00. Following the sale, the insider now directly owns 467,127 shares in the company, valued at approximately $30,195,089.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Timothy Elberfeld sold 1,450 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $56.92, for a total transaction of $82,534.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 283,904 shares of company stock worth $17,900,021. 2.10% of the stock is currently owned by corporate insiders.

TRU opened at $68.35 on Friday. TransUnion has a 1-year low of $41.07 and a 1-year high of $69.69. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $12.57 billion, a PE ratio of 39.97, a P/E/G ratio of 3.08 and a beta of 0.72.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Friday, April 20th. The business services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. TransUnion had a net margin of 22.41% and a return on equity of 20.95%. The company had revenue of $537.40 million for the quarter, compared to the consensus estimate of $507.68 million. During the same period last year, the company posted $0.42 EPS. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. analysts expect that TransUnion will post 2.22 earnings per share for the current year.

The business also recently declared a special dividend, which will be paid on Thursday, June 7th. Stockholders of record on Wednesday, May 23rd will be paid a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, May 22nd. TransUnion’s payout ratio is currently 17.54%.

A number of brokerages have issued reports on TRU. Zacks Investment Research upgraded shares of TransUnion from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Tuesday, April 24th. Robert W. Baird increased their price objective on shares of TransUnion from $65.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, April 23rd. SunTrust Banks increased their price objective on shares of TransUnion from $64.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, April 23rd. Barclays increased their price objective on shares of TransUnion from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, April 23rd. Finally, Wells Fargo & Co set a $65.00 price objective on shares of TransUnion and gave the stock a “hold” rating in a research note on Monday, April 23rd. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. TransUnion presently has an average rating of “Buy” and a consensus target price of $66.64.

About TransUnion

TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.

Institutional Ownership by Quarter for TransUnion (NYSE:TRU)

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