Verition Fund Management LLC Boosts Holdings in TransUnion (NYSE:TRU)

Verition Fund Management LLC increased its holdings in TransUnion (NYSE:TRU - Free Report) by 923.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,762 shares of the business services provider's stock after buying an additional 29,560 shares during the period. Verition Fund Management LLC's holdings in TransUnion were worth $3,430,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its stake in TransUnion by 32.2% in the second 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 in the last quarter. FMR LLC increased its stake in TransUnion by 307.7% in the third 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 last quarter. XN LP raised its position in TransUnion by 194.7% during the second 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. Westfield Capital Management Co. LP bought a new stake in TransUnion during the third quarter worth about $92,661,000. Finally, Ninety One UK Ltd boosted its holdings 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 in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TRU. Wolfe Research raised TransUnion from a "peer perform" rating to an "outperform" rating and set a $130.00 target price for the company in a research note on Thursday, October 10th. Robert W. Baird lifted their price objective on TransUnion from $104.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Needham & Company LLC restated a "hold" rating on shares of TransUnion in a research report on Thursday, October 24th. Royal Bank of Canada restated an "outperform" rating and issued a $121.00 target price on shares of TransUnion in a report on Thursday, October 24th. Finally, Morgan Stanley raised their price target on shares of TransUnion from $103.00 to $119.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, TransUnion currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.38.

TransUnion Stock Up 0.7 %

NYSE:TRU traded up $0.69 during mid-day trading on Wednesday, hitting $100.72. 1,085,725 shares of the company's stock were exchanged, compared to its average volume of 1,596,542. The company has a market cap of $19.63 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 debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68. TransUnion has a one year low of $58.59 and a one year high of $113.17. The business has a fifty day moving average price of $103.30 and a 200 day moving average price of $90.87.

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 for the quarter, topping the consensus estimate of $1.01 by $0.03. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 EPS. Equities analysts predict that TransUnion will post 3.44 EPS for the current year.

TransUnion Dividend Announcement

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

Insider Buying and Selling at TransUnion

In related news, insider Steven M. Chaouki sold 1,500 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $105.66, for a total transaction of $158,490.00. Following the transaction, the insider now owns 62,988 shares in the company, valued at $6,655,312.08. This represents a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George M. Awad sold 12,000 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $100.00, for a total transaction of $1,200,000.00. Following the sale, the director now owns 27,026 shares of the company's stock, valued at approximately $2,702,600. This represents a 30.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,590 shares of company stock worth $2,084,633. 0.28% of the stock is owned by corporate insiders.

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.