ICICI Prudential Asset Management Co Ltd Has $8.77 Million Stock Holdings in TransUnion (NYSE:TRU)

ICICI Prudential Asset Management Co Ltd cut its stake in TransUnion (NYSE:TRU - Free Report) by 28.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,791 shares of the business services provider's stock after selling 33,946 shares during the period. ICICI Prudential Asset Management Co Ltd's holdings in TransUnion were worth $8,773,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its position in shares of TransUnion by 32.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,339,762 shares of the business services provider's stock valued at $1,211,757,000 after purchasing an additional 3,977,595 shares during the period. Price T Rowe Associates Inc. MD raised its position in TransUnion by 51.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,755,729 shares of the business services provider's stock worth $539,108,000 after acquiring an additional 2,306,596 shares in the last quarter. CCLA Investment Management lifted its holdings in TransUnion by 104,813.6% in the 1st quarter. CCLA Investment Management now owns 1,947,196 shares of the business services provider's stock valued at $153,454,000 after acquiring an additional 1,945,340 shares during the last quarter. XN LP boosted its position in shares of 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 purchasing an additional 1,303,996 shares in the last quarter. Finally, Ninety One UK Ltd grew its stake in shares of TransUnion by 37.4% in the 2nd 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 last quarter.

TransUnion Stock Performance

Shares of NYSE:TRU traded up $0.07 during midday trading on Wednesday, hitting $102.97. The company's stock had a trading volume of 1,225,753 shares, compared to its average volume of 1,592,923. TransUnion has a fifty-two week low of $54.13 and a fifty-two week high of $113.17. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $20.07 billion, a price-to-earnings ratio of 89.54, a PEG ratio of 1.40 and a beta of 1.62. The stock's 50 day simple moving average is $103.54 and its 200 day simple moving average is $88.64.

TransUnion (NYSE:TRU - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the business posted $0.80 EPS. The business's quarterly revenue was up 12.0% on a year-over-year basis. As a group, research analysts anticipate that TransUnion will post 3.46 earnings per share for the current year.

TransUnion Announces Dividend

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

Analyst Ratings Changes

Several research analysts have issued reports on TRU shares. Robert W. Baird upped their price target on TransUnion from $104.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Morgan Stanley upped their price objective on shares of TransUnion from $103.00 to $119.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their target price on TransUnion from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Wolfe Research upgraded shares of TransUnion from a "peer perform" rating to an "outperform" rating and set a $130.00 price target for the company in a report on Thursday, October 10th. Finally, Barclays increased their target price on shares of TransUnion from $80.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Friday, September 13th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $104.53.

Insider Activity

In related news, EVP Heather J. Russell sold 3,173 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $303,275.34. Following the completion of the transaction, the executive vice president now owns 19,926 shares of the company's stock, valued at $1,904,527.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other TransUnion news, EVP Heather J. Russell sold 3,173 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction of $303,275.34. Following the completion of the transaction, the executive vice president now directly owns 19,926 shares in the company, valued at $1,904,527.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy J. Martin sold 2,500 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president now owns 49,239 shares in the company, valued at $4,709,710.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,315 shares of company stock worth $1,119,897. Company insiders own 0.22% of the company's stock.

TransUnion Profile

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.