Fred Alger Management LLC Purchases 26,229 Shares of TransUnion (NYSE:TRU)

Fred Alger Management LLC lifted its position in TransUnion (NYSE:TRU - Free Report) by 52.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,526 shares of the business services provider's stock after acquiring an additional 26,229 shares during the period. Fred Alger Management LLC's holdings in TransUnion were worth $8,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in TransUnion by 17.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 19,180,562 shares of the business services provider's stock worth $2,008,205,000 after purchasing an additional 2,840,800 shares in the last quarter. FMR LLC lifted its position in TransUnion by 307.7% during the 3rd quarter. FMR LLC now owns 4,540,896 shares of the business services provider's stock valued at $475,432,000 after acquiring an additional 3,427,199 shares during the period. Victory Capital Management Inc. boosted its stake in TransUnion by 24.1% during the second quarter. Victory Capital Management Inc. now owns 3,468,854 shares of the business services provider's stock worth $257,250,000 after acquiring an additional 674,187 shares in the last quarter. Ninety One UK Ltd grew its holdings in TransUnion by 37.4% in the second quarter. Ninety One UK Ltd now owns 2,566,928 shares of the business services provider's stock worth $190,363,000 after purchasing an additional 698,580 shares during the period. Finally, XN LP increased its position in TransUnion by 194.7% during the 2nd quarter. XN LP now owns 1,973,684 shares of the business services provider's stock valued at $146,368,000 after buying an additional 1,303,996 shares in the last quarter.

Insider Activity at TransUnion

In related news, Director George M. Awad sold 12,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $100.00, for a total value of $1,200,000.00. Following the transaction, the director now directly owns 27,026 shares of the company's stock, valued at approximately $2,702,600. The trade was a 30.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy J. Martin sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $95.65, for a total transaction of $239,125.00. Following the sale, the executive vice president now directly owns 49,239 shares of the company's stock, valued at approximately $4,709,710.35. This trade represents a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,500 shares of company stock worth $1,954,740. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Oppenheimer cut their target price on TransUnion from $122.00 to $115.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. Barclays raised their price objective on shares of TransUnion from $80.00 to $105.00 and gave the company an "equal weight" rating in a research note on Friday, September 13th. The Goldman Sachs Group upped their target price on shares of TransUnion from $97.00 to $109.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. UBS Group initiated coverage on shares of TransUnion in a research report on Tuesday, October 1st. They set a "neutral" rating and a $110.00 price target for the company. Finally, Robert W. Baird upped their price objective on TransUnion from $104.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.38.

TransUnion Stock Performance

Shares of TransUnion stock traded up $0.50 during trading hours on Friday, reaching $101.50. 652,470 shares of the stock traded hands, compared to its average volume of 1,702,489. TransUnion has a one year low of $57.80 and a one year high of $113.17. The firm has a market capitalization of $19.78 billion, a price-to-earnings ratio of 88.26, a P/E/G ratio of 1.41 and a beta of 1.62. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.19. The company has a 50 day moving average price of $103.54 and a 200 day moving average price of $90.50.

TransUnion (NYSE:TRU - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business posted $0.80 earnings per share. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that TransUnion will post 3.44 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.41%. TransUnion's payout ratio is currently 36.52%.

About TransUnion

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.