State of Michigan Retirement System Buys New Shares in TransUnion $TRU

State of Michigan Retirement System bought a new position in shares of TransUnion (NYSE:TRU) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 46,400 shares of the business services provider’s stock, valued at approximately $3,887,000.

A number of other hedge funds have also recently bought and sold shares of TRU. Geneos Wealth Management Inc. raised its stake in shares of TransUnion by 1,318.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 312 shares of the business services provider’s stock worth $26,000 after purchasing an additional 290 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in TransUnion during the second quarter worth $30,000. Elevation Point Wealth Partners LLC bought a new stake in TransUnion during the second quarter worth $34,000. MAI Capital Management raised its position in TransUnion by 333.3% during the second quarter. MAI Capital Management now owns 403 shares of the business services provider’s stock worth $35,000 after acquiring an additional 310 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in TransUnion in the second quarter valued at $45,000.

Insider Activity

In other TransUnion news, insider Todd C. Skinner sold 500 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $78.79, for a total value of $39,395.00. Following the completion of the sale, the insider owned 31,725 shares of the company’s stock, valued at $2,499,612.75. The trade was a 1.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Tiffani Chambers sold 4,318 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $86.00, for a total transaction of $371,348.00. Following the transaction, the executive vice president directly owned 50,427 shares in the company, valued at $4,336,722. This represents a 7.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 7,818 shares of company stock valued at $663,883. 0.25% of the stock is owned by company insiders.

TransUnion Stock Performance

NYSE:TRU opened at $74.10 on Wednesday. The stock has a 50 day simple moving average of $82.95 and a 200 day simple moving average of $84.60. The stock has a market cap of $14.39 billion, a P/E ratio of 34.63, a PEG ratio of 1.40 and a beta of 1.70. TransUnion has a 1-year low of $65.24 and a 1-year high of $101.19. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.10.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TRU. JPMorgan Chase & Co. dropped their target price on shares of TransUnion from $118.00 to $107.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. UBS Group set a $90.00 price objective on TransUnion and gave the company a “neutral” rating in a research note on Friday, October 24th. Stifel Nicolaus set a $103.00 price objective on TransUnion in a research report on Friday, October 24th. BMO Capital Markets raised TransUnion to a “strong-buy” rating in a report on Friday, January 23rd. Finally, Morgan Stanley cut their price target on TransUnion from $122.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $101.08.

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.