TransUnion (NYSE:TRU) Hits New 52-Week Low After Insider Selling

TransUnion (NYSE:TRU) shares reached a new 52-week low during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $66.24 and last traded at $65.3080, with a volume of 79445 shares changing hands. The stock had previously closed at $67.58.

Specifically, insider Todd C. Skinner sold 500 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $78.79, for a total transaction of $39,395.00. Following the completion of the sale, the insider directly owned 31,725 shares in the company, valued at $2,499,612.75. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus set a $103.00 target price on TransUnion in a research note on Friday, October 24th. Robert W. Baird set a $125.00 price objective on TransUnion in a report on Friday, October 24th. The Goldman Sachs Group lifted their target price on TransUnion from $78.00 to $86.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Morgan Stanley decreased their price target on shares of TransUnion from $122.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 17th. Finally, Oppenheimer began coverage on shares of TransUnion in a research note on Monday, October 13th. They issued an “outperform” rating and a $93.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $101.08.

TransUnion Price Performance

The company’s 50-day moving average is $83.83 and its 200-day moving average is $85.30. The firm has a market cap of $13.50 billion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 1.27 and a beta of 1.70. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.10.

TransUnion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Friday, November 21st were paid a $0.115 dividend. The ex-dividend date was Friday, November 21st. This represents a $0.46 annualized dividend and a dividend yield of 0.7%. TransUnion’s dividend payout ratio (DPR) is presently 21.50%.

Hedge Funds Weigh In On TransUnion

A number of institutional investors have recently modified their holdings of TRU. Penserra Capital Management LLC lifted its holdings in shares of TransUnion by 12.8% in the second quarter. Penserra Capital Management LLC now owns 1,055 shares of the business services provider’s stock worth $92,000 after acquiring an additional 120 shares during the last quarter. Covestor Ltd grew its holdings in TransUnion by 20.9% during the 3rd quarter. Covestor Ltd now owns 735 shares of the business services provider’s stock worth $62,000 after acquiring an additional 127 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of TransUnion by 0.4% during the third quarter. DAVENPORT & Co LLC now owns 33,166 shares of the business services provider’s stock worth $2,779,000 after purchasing an additional 137 shares during the period. Rovin Capital UT ADV increased its holdings in TransUnion by 2.3% in the third quarter. Rovin Capital UT ADV now owns 6,414 shares of the business services provider’s stock valued at $537,000 after purchasing an additional 147 shares during the period. Finally, Cornerstone Investment Partners LLC raised its position in TransUnion by 1.7% during the 3rd quarter. Cornerstone Investment Partners LLC now owns 10,265 shares of the business services provider’s stock worth $860,000 after purchasing an additional 167 shares during the last quarter.

TransUnion Company Profile

TransUnion is a global information and insights company that helps businesses and consumers make critical decisions using data and analytics. As one of the three major credit bureaus in the United States, TransUnion collects and aggregates credit information on individuals and businesses, providing credit reports, risk scores and portfolio management tools to financial institutions, lenders, landlords and other decision makers. Its consumer-facing products enable individuals to monitor credit status, detect identity theft and access personalized financial insights.

The company’s offerings span credit risk assessment, identity management, fraud prevention and marketing solutions.