Heron Bay Capital Management Sells 8,036 Shares of TransUnion (NYSE:TRU)

Heron Bay Capital Management lessened its holdings in TransUnion (NYSE:TRU) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 158,157 shares of the business services provider’s stock after selling 8,036 shares during the quarter. TransUnion makes up approximately 3.1% of Heron Bay Capital Management’s holdings, making the stock its 13th biggest holding. Heron Bay Capital Management owned about 0.08% of TransUnion worth $14,663,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TRU. KLP Kapitalforvaltning AS bought a new position in shares of TransUnion in the 4th quarter worth $6,184,000. Quantbot Technologies LP acquired a new position in TransUnion in the fourth quarter valued at about $2,269,000. TD Private Client Wealth LLC boosted its holdings in TransUnion by 13,496.4% during the fourth quarter. TD Private Client Wealth LLC now owns 11,421 shares of the business services provider’s stock worth $1,059,000 after buying an additional 11,337 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of TransUnion during the 4th quarter worth about $2,409,000. Finally, Royal London Asset Management Ltd. increased its stake in shares of TransUnion by 5.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 83,576 shares of the business services provider’s stock valued at $7,748,000 after acquiring an additional 4,063 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective 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. William Blair reissued an “outperform” rating on shares of TransUnion in a research report on Friday, February 14th. Morgan Stanley lowered their price objective on shares of TransUnion from $130.00 to $127.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. 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 research note on Wednesday, January 15th. Finally, Needham & Company LLC reissued a “hold” rating on shares of TransUnion in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $111.64.

Insiders Place Their Bets

In other TransUnion news, EVP Venkat Achanta sold 1,821 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total value of $174,342.54. Following the transaction, the executive vice president now directly owns 105,443 shares of the company’s stock, valued at $10,095,112.82. This represents a 1.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven M. Chaouki sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $95.95, for a total value of $95,950.00. Following the sale, the insider now owns 58,488 shares of the company’s stock, valued at approximately $5,611,923.60. This represents a 1.68 % 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 ninety days. 0.22% of the stock is currently owned by company insiders.

TransUnion Stock Performance

Shares of TRU opened at $85.41 on Friday. The company has a market cap of $16.66 billion, a PE ratio of 58.50, a price-to-earnings-growth ratio of 1.18 and a beta of 1.70. The firm has a 50-day moving average of $92.42 and a 200-day moving average of $97.48. TransUnion has a one year low of $66.07 and a one year high of $113.17. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.70 and a quick ratio of 1.70.

TransUnion (NYSE:TRU) last announced its quarterly earnings results 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). TransUnion had a return on equity of 15.85% and a net margin of 6.80%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. As a group, equities analysts forecast that TransUnion will post 3.99 earnings per share for the current year.

TransUnion Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.115 per share. This is an increase from TransUnion’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, February 27th. This represents a $0.46 annualized dividend and a yield of 0.54%. TransUnion’s dividend payout ratio (DPR) is currently 31.51%.

TransUnion announced that its board has authorized a stock buyback program on Thursday, February 13th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is 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.