Parnassus Investments LLC Sells 40,164 Shares of TransUnion (NYSE:TRU)

Parnassus Investments LLC decreased its position in TransUnion (NYSE:TRU - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,249,071 shares of the business services provider's stock after selling 40,164 shares during the quarter. Parnassus Investments LLC owned about 0.64% of TransUnion worth $130,778,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TRU. Huntington National Bank lifted its holdings in shares of TransUnion by 84.5% during the third quarter. Huntington National Bank now owns 286 shares of the business services provider's stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. Quarry LP lifted its holdings in shares of TransUnion by 963.0% during the second quarter. Quarry LP now owns 574 shares of the business services provider's stock valued at $43,000 after purchasing an additional 520 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of TransUnion by 22.3% during the second quarter. National Bank of Canada FI now owns 910 shares of the business services provider's stock valued at $66,000 after purchasing an additional 166 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of TransUnion by 156.6% during the second quarter. Blue Trust Inc. now owns 857 shares of the business services provider's stock valued at $68,000 after purchasing an additional 523 shares during the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of TransUnion during the second quarter valued at $75,000.

TransUnion Stock Up 0.1 %

Shares of NYSE TRU traded up $0.09 during mid-day trading on Tuesday, reaching $97.03. 1,363,196 shares of the company traded hands, compared to its average volume of 1,604,609. 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 cap of $18.91 billion, a PE ratio of 84.29, a price-to-earnings-growth ratio of 1.30 and a beta of 1.62. The company's fifty day moving average is $103.65 and its two-hundred day moving average is $89.06. TransUnion has a fifty-two week low of $56.85 and a fifty-two week high of $113.17.

TransUnion (NYSE:TRU - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm posted $0.80 EPS. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. On average, analysts expect that TransUnion will post 3.46 earnings per share for the current year.

TransUnion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 22nd will be paid a dividend of $0.105 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.42 annualized dividend and a yield of 0.43%. TransUnion's payout ratio is 36.52%.

Insider Activity at TransUnion

In other TransUnion news, EVP Timothy J. Martin sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $95.65, for a total value of $239,125.00. Following the completion of the sale, the executive vice president now owns 49,239 shares in the company, valued at approximately $4,709,710.35. This trade represents a 4.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer A. Williams sold 405 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $38,709.90. Following the completion of the sale, the chief accounting officer now owns 7,186 shares of the company's stock, valued at $686,837.88. This represents a 5.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,315 shares of company stock worth $1,119,897 in the last 90 days. 0.28% of the stock is owned by company insiders.

Analysts Set New Price Targets

TRU has been the subject of several analyst reports. Stifel Nicolaus upped their target price on TransUnion from $103.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Morgan Stanley upped their price target on TransUnion from $103.00 to $119.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price target on TransUnion from $97.00 to $109.00 and gave the company a "neutral" rating in a research report on Wednesday, October 2nd. Wells Fargo & Company upped their price target on TransUnion from $125.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Finally, Barclays upped their price target on TransUnion from $80.00 to $105.00 and gave the company an "equal weight" rating in a research report on Friday, September 13th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.81.

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.