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

Parnassus Investments LLC trimmed its holdings in shares of TransUnion (NYSE:TRU) by 3.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,249,071 shares of the business services provider’s stock after selling 40,164 shares during the period. Parnassus Investments LLC’s holdings in TransUnion were worth $130,778,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted 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 acquiring an additional 3,977,595 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of TransUnion by 51.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,755,729 shares of the business services provider’s stock valued at $539,108,000 after purchasing an additional 2,306,596 shares during the period. 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 worth $146,368,000 after purchasing an additional 1,303,996 shares in the last quarter. Ninety One UK Ltd boosted its position in shares of TransUnion by 37.4% during 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. Finally, Victory Capital Management Inc. grew its stake 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 valued at $257,250,000 after buying an additional 674,187 shares during the period.

TransUnion Price Performance

Shares of NYSE TRU opened at $96.93 on Tuesday. 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 market capitalization of $18.89 billion, a PE ratio of 84.29, a PEG ratio of 1.30 and a beta of 1.62. The stock’s 50 day moving average price is $103.65 and its 200-day moving average price is $89.06. TransUnion has a twelve month low of $56.85 and a twelve month high of $113.17.

TransUnion (NYSE:TRU) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.06 billion. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 EPS. On average, equities analysts anticipate that TransUnion will post 3.46 EPS for the current year.

TransUnion Dividend Announcement

The company also recently declared 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 0.43%. TransUnion’s dividend payout ratio is presently 36.52%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TRU. Barclays increased their price target on TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. The Goldman Sachs Group lifted their price target on shares of TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. UBS Group initiated coverage on shares of TransUnion in a research note on Tuesday, October 1st. They set a “neutral” rating and a $110.00 price target for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a research note on Thursday, October 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $121.00 price objective on shares of TransUnion in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.81.

Insider Transactions at TransUnion

In related news, CAO Jennifer A. Williams sold 405 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $38,709.90. Following the completion of the transaction, the chief accounting officer now directly owns 7,186 shares of the company’s stock, valued at approximately $686,837.88. This trade represents a 5.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven M. Chaouki sold 1,500 shares of TransUnion 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 completion of the transaction, the insider now owns 62,988 shares of the company’s stock, valued at $6,655,312.08. This represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,315 shares of company stock worth $1,119,897. 0.28% of the stock is owned by company insiders.

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.