Mn Services Vermogensbeheer B.V. Reduces Position in TransUnion (NYSE:TRU)

Mn Services Vermogensbeheer B.V. lowered its stake in TransUnion (NYSE:TRU) by 3.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 74,324 shares of the business services provider’s stock after selling 2,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in TransUnion were worth $7,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. QRG Capital Management Inc. increased its position in shares of TransUnion by 3.5% in the 3rd quarter. QRG Capital Management Inc. now owns 9,643 shares of the business services provider’s stock valued at $1,010,000 after acquiring an additional 325 shares during the period. Harbor Capital Advisors Inc. grew its stake in TransUnion by 72.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 16,946 shares of the business services provider’s stock valued at $1,774,000 after purchasing an additional 7,142 shares during the last quarter. Cigna Investments Inc. New acquired a new position in shares of TransUnion in the third quarter valued at about $210,000. First Trust Direct Indexing L.P. purchased a new position in shares of TransUnion in the third quarter worth about $203,000. Finally, Wilson Asset Management International PTY Ltd. lifted its holdings in shares of TransUnion by 1.3% during the third quarter. Wilson Asset Management International PTY Ltd. now owns 231,970 shares of the business services provider’s stock worth $24,287,000 after purchasing an additional 2,942 shares during the period.

TransUnion Trading Up 1.4 %

Shares of TRU stock opened at $100.97 on Wednesday. TransUnion has a 1-year low of $49.36 and a 1-year high of $113.17. The company has a market cap of $19.68 billion, a price-to-earnings ratio of 87.80, a PEG ratio of 1.36 and a beta of 1.62. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a 50 day simple moving average of $102.43 and a 200-day simple moving average of $87.32.

TransUnion (NYSE:TRU) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the business posted $0.80 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities research analysts expect that TransUnion will post 3.46 EPS for the current fiscal year.

TransUnion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 23rd were 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 of this dividend was Friday, August 23rd. TransUnion’s dividend payout ratio is presently 36.52%.

Analysts Set New Price Targets

TRU has been the topic of several research reports. Wells Fargo & Company increased their price target on shares of TransUnion from $125.00 to $135.00 and gave the stock 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 objective on the stock in a research note on Thursday, October 10th. Stifel Nicolaus raised their target price on shares of TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $121.00 price target on shares of TransUnion in a report on Thursday, October 24th. Finally, The Goldman Sachs Group lifted their price objective on TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, TransUnion presently has an average rating of “Moderate Buy” and a consensus target price of $104.53.

Insider Buying and Selling

In other news, EVP Heather J. Russell sold 3,173 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 $303,275.34. Following the transaction, the executive vice president now owns 19,926 shares in the company, valued at $1,904,527.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Todd C. Skinner sold 2,900 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $85.58, for a total transaction of $248,182.00. Following the transaction, the insider now directly owns 27,729 shares in the company, valued at approximately $2,373,047.82. The trade was 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 the SEC website. Also, 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 transaction of $303,275.34. Following the completion of the sale, the executive vice president now owns 19,926 shares of the company’s stock, valued at approximately $1,904,527.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,715 shares of company stock worth $1,209,589. Insiders own 0.22% of the company’s stock.

TransUnion Company 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.