California State Teachers Retirement System Grows Stake in TransUnion

June 7, 2024 6:21 am
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California State Teachers Retirement System boosted its holdings in shares of TransUnion (NYSE:TRUFree Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 319,882 shares of the business services provider’s stock after acquiring an additional 9,109 shares during the period. California State Teachers Retirement System owned 0.17% of TransUnion worth $21,979,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in TransUnion during the 3rd quarter valued at about $27,000. GAMMA Investing LLC acquired a new position in TransUnion in the 4th quarter valued at about $30,000. Westpac Banking Corp boosted its holdings in TransUnion by 100.0% in the 4th quarter. Westpac Banking Corp now owns 908 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 454 shares during the last quarter. Assetmark Inc. boosted its holdings in TransUnion by 48.6% in the 4th quarter. Assetmark Inc. now owns 1,030 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 337 shares during the last quarter. Finally, CWM LLC boosted its holdings in TransUnion by 35.0% in the 4th quarter. CWM LLC now owns 1,544 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 400 shares during the last quarter.

TransUnion Stock Up 0.3 %

TransUnion stock opened at $73.25 on Friday. TransUnion has a 52-week low of $42.09 and a 52-week high of $82.75. The company’s 50 day moving average is $75.26 and its two-hundred day moving average is $71.90. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.26.

TransUnion (NYSE:TRUGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. TransUnion had a negative net margin of 7.02% and a positive return on equity of 14.26%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $977.62 million. Research analysts predict that TransUnion will post 3.32 EPS for the current fiscal year.

TransUnion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Thursday, May 16th. TransUnion’s dividend payout ratio is presently -29.37%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TRU. Evercore ISI boosted their target price on shares of TransUnion from $70.00 to $80.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Wells Fargo & Company boosted their target price on shares of TransUnion from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Needham & Company LLC boosted their target price on shares of TransUnion from $87.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Barclays upped their price objective on shares of TransUnion from $55.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th. Finally, Morgan Stanley upped their price objective on shares of TransUnion from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $83.60.

View Our Latest Stock Analysis on TransUnion

Insider Buying and Selling at TransUnion

In other TransUnion news, EVP Richard Dane Mauldin sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $78.10, for a total value of $117,150.00. Following the sale, the executive vice president now directly owns 22,033 shares of the company’s stock, valued at approximately $1,720,777.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Richard Dane Mauldin sold 1,500 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $78.10, for a total value of $117,150.00. Following the transaction, the executive vice president now directly owns 22,033 shares of the company’s stock, valued at approximately $1,720,777.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven M. Chaouki sold 1,776 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $72.00, for a total transaction of $127,872.00. Following the completion of the transaction, the insider now directly owns 71,547 shares in the company, valued at $5,151,384. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,051 shares of company stock valued at $389,330. Insiders own 0.22% of the company’s stock.

About TransUnion

(Free Report)

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.

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Institutional Ownership by Quarter for TransUnion (NYSE:TRU)

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