Everence Capital Management Inc. Acquires New Position in TransUnion (NYSE:TRU)

Everence Capital Management Inc. bought a new position in shares of TransUnion (NYSE:TRU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,710 shares of the business services provider’s stock, valued at approximately $251,000.

Several other large investors have also added to or reduced their stakes in the company. Huntington National Bank grew its position 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 worth $30,000 after purchasing an additional 131 shares in the last quarter. Versant Capital Management Inc grew its holdings in TransUnion by 82.1% during the 4th quarter. Versant Capital Management Inc now owns 428 shares of the business services provider’s stock valued at $40,000 after buying an additional 193 shares in the last quarter. Quarry LP raised its position 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 buying an additional 520 shares during the last quarter. True Wealth Design LLC lifted its holdings in shares of TransUnion by 4,590.0% in the third quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock worth $49,000 after buying an additional 459 shares in the last quarter. Finally, National Bank of Canada FI boosted its position 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 worth $66,000 after acquiring an additional 166 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of TransUnion from $119.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Wolfe Research upgraded TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research report on Thursday, October 10th. Oppenheimer cut their price target on TransUnion from $115.00 to $112.00 and set an “outperform” rating for the company in a report on Tuesday. Wells Fargo & Company upped their price objective on TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, UBS Group initiated coverage on shares of TransUnion in a report on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 target price for the company. 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.com, TransUnion has an average rating of “Moderate Buy” and an average price target of $106.88.

TransUnion Stock Performance

TransUnion stock opened at $90.07 on Thursday. 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 firm has a market capitalization of $17.55 billion, a P/E ratio of 78.32, a price-to-earnings-growth ratio of 1.37 and a beta of 1.62. TransUnion has a 1-year low of $65.65 and a 1-year high of $113.17. The company’s 50-day moving average is $98.30 and its 200 day moving average is $94.74.

TransUnion (NYSE:TRU) last issued 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 firm 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 company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. Research analysts forecast that TransUnion will post 3.44 EPS for the current year.

TransUnion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 22nd were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Friday, November 22nd. TransUnion’s payout ratio is presently 36.52%.

Insider Buying and Selling

In other news, insider Steven M. Chaouki sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $93.60, for a total transaction of $93,600.00. Following the transaction, the insider now directly owns 59,488 shares of the company’s stock, valued at approximately $5,568,076.80. This trade represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director George M. Awad sold 12,000 shares of TransUnion stock in a transaction that occurred 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 directly owns 27,026 shares of the company’s stock, valued at $2,702,600. This represents a 30.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,090 shares of company stock valued at $1,916,758 in the last 90 days. Company insiders own 0.28% 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.