TransUnion (NYSE:TRU) Stock Price Down 11.7% on Insider Selling

Shares of TransUnion (NYSE:TRU) dropped 11.7% during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $68.73 and last traded at $68.2080. Approximately 1,926,855 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 2,117,683 shares. The stock had previously closed at $77.21.

Specifically, insider Todd C. Skinner sold 500 shares of the business’s stock in a transaction 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 owned 31,725 shares in the company, valued at approximately $2,499,612.75. The trade was a 1.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TRU. Needham & Company LLC reaffirmed a “buy” rating and issued a $115.00 price objective on shares of TransUnion in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of TransUnion in a report on Wednesday, January 21st. Oppenheimer began coverage on shares of TransUnion in a research report on Monday, October 13th. They issued an “outperform” rating and a $93.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on TransUnion from $118.00 to $107.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Finally, BMO Capital Markets upgraded TransUnion to a “strong-buy” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, TransUnion presently has a consensus rating of “Moderate Buy” and an average price target of $101.08.

TransUnion Price Performance

The stock has a market cap of $13.50 billion, a PE ratio of 32.48, a P/E/G ratio of 1.27 and a beta of 1.70. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.01 and a current ratio of 2.01. The business has a 50 day moving average price of $83.83 and a two-hundred day moving average price of $85.30.

TransUnion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Friday, November 21st were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, November 21st. TransUnion’s payout ratio is 21.50%.

Hedge Funds Weigh In On TransUnion

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in TransUnion by 62.2% in the third quarter. State Street Corp now owns 6,781,771 shares of the business services provider’s stock worth $568,177,000 after acquiring an additional 2,600,425 shares during the period. Independent Franchise Partners LLP grew its position in shares of TransUnion by 119.5% during the 2nd quarter. Independent Franchise Partners LLP now owns 4,646,903 shares of the business services provider’s stock valued at $408,927,000 after acquiring an additional 2,530,335 shares during the period. Invesco Ltd. increased its stake in shares of TransUnion by 355.9% during the 3rd quarter. Invesco Ltd. now owns 2,637,776 shares of the business services provider’s stock worth $220,993,000 after purchasing an additional 2,059,177 shares during the last quarter. Norges Bank bought a new stake in shares of TransUnion in the 2nd quarter worth approximately $150,333,000. Finally, Egerton Capital UK LLP bought a new stake in shares of TransUnion in the 3rd quarter worth approximately $122,742,000.

About TransUnion

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.