Jacobs Levy Equity Management Inc. decreased its stake in TransUnion (NYSE:TRU - Free Report) by 19.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 563,716 shares of the business services provider's stock after selling 136,434 shares during the period. Jacobs Levy Equity Management Inc. owned 0.29% of TransUnion worth $59,021,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in shares of TransUnion by 24.1% in the 2nd quarter. Victory Capital Management Inc. now owns 3,468,854 shares of the business services provider's stock worth $257,250,000 after purchasing an additional 674,187 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of TransUnion by 12.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,308,028 shares of the business services provider's stock worth $136,951,000 after purchasing an additional 140,952 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of TransUnion by 156.6% in the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider's stock worth $68,000 after purchasing an additional 523 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of TransUnion by 359.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,804 shares of the business services provider's stock worth $727,000 after purchasing an additional 7,669 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in TransUnion by 3.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,987 shares of the business services provider's stock valued at $6,673,000 after acquiring an additional 2,713 shares in the last quarter.
Insider Activity
In related news, EVP Timothy J. Martin sold 2,500 shares of TransUnion stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total transaction of $261,475.00. Following the completion of the sale, the executive vice president now owns 46,739 shares of the company's stock, valued at approximately $4,888,432.01. This trade represents a 5.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George M. Awad sold 12,000 shares of TransUnion stock in a transaction on Monday, November 25th. The shares were sold at an average price of $100.00, for a total value of $1,200,000.00. Following the sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,090 shares of company stock worth $1,933,538. 0.28% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Robert W. Baird lifted their target price on TransUnion from $104.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $121.00 target price on shares of TransUnion in a research note on Thursday, October 24th. UBS Group assumed coverage on TransUnion in a research note on Tuesday, October 1st. They set a "neutral" rating and a $110.00 target price on the stock. Wells Fargo & Company lifted their target price on TransUnion from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group lifted 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. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $106.38.
Check Out Our Latest Stock Analysis on TRU
TransUnion Price Performance
Shares of NYSE TRU traded up $0.01 during mid-day trading on Wednesday, reaching $100.04. The company had a trading volume of 302,327 shares, compared to its average volume of 1,593,044. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.19. The stock has a market cap of $19.50 billion, a PE ratio of 86.98, a P/E/G ratio of 1.38 and a beta of 1.60. The company has a 50-day moving average price of $103.30 and a two-hundred day moving average price of $90.87. TransUnion has a 1-year low of $58.59 and a 1-year high of $113.17.
TransUnion (NYSE:TRU - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share 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 the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. TransUnion's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that TransUnion will post 3.44 earnings per share for the current year.
TransUnion Announces Dividend
The firm also recently declared 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. 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 0.42%. TransUnion's dividend payout ratio is 36.52%.
TransUnion Company Profile
(
Free Report)
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.
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