TransUnion (NYSE:TRU) Shares Purchased by Forsta AP Fonden

Forsta AP Fonden boosted its holdings in shares of TransUnion (NYSE:TRU) by 8.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,000 shares of the business services provider’s stock after buying an additional 3,500 shares during the quarter. Forsta AP Fonden’s holdings in TransUnion were worth $4,607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co raised its stake in shares of TransUnion by 3.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 179,865 shares of the business services provider’s stock valued at $14,369,000 after acquiring an additional 6,270 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in shares of TransUnion in the 1st quarter valued at about $3,900,000. California State Teachers Retirement System grew its position in shares of TransUnion by 2.4% during the first quarter. California State Teachers Retirement System now owns 327,518 shares of the business services provider’s stock worth $26,136,000 after buying an additional 7,636 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of TransUnion by 24.1% during the second quarter. Victory Capital Management Inc. now owns 3,468,854 shares of the business services provider’s stock worth $257,250,000 after buying an additional 674,187 shares during the period. Finally, Nordea Investment Management AB raised its holdings in TransUnion by 6.8% in the first quarter. Nordea Investment Management AB now owns 13,135 shares of the business services provider’s stock valued at $1,058,000 after acquiring an additional 832 shares in the last quarter.

TransUnion Price Performance

Shares of TRU opened at $102.15 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68. TransUnion has a fifty-two week low of $42.09 and a fifty-two week high of $113.17. The firm has a 50-day simple moving average of $101.77 and a 200-day simple moving average of $85.99. The company has a market capitalization of $19.84 billion, a price-to-earnings ratio of -71.43, a price-to-earnings-growth ratio of 1.35 and a beta of 1.62.

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. The company had revenue of $1.09 billion during 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 firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $0.80 EPS. On average, equities research analysts anticipate that TransUnion will post 3.46 earnings per share for the current year.

TransUnion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 23rd were paid a $0.105 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.42 annualized dividend and a yield of 0.41%. TransUnion’s dividend payout ratio is currently -29.37%.

Insiders Place Their Bets

In other news, CAO Jennifer A. Williams sold 405 shares of TransUnion stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $38,709.90. Following the sale, the chief accounting officer now owns 7,186 shares of the company’s stock, valued at $686,837.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Jennifer A. Williams sold 405 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction 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 represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy J. Martin sold 2,500 shares of TransUnion stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $104.59, for a total value of $261,475.00. Following the completion of the sale, the executive vice president now owns 46,739 shares in the company, valued at approximately $4,888,432.01. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,715 shares of company stock worth $1,299,729. 0.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of TransUnion from $104.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley lifted their price target on TransUnion from $103.00 to $119.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and set a $121.00 target price on shares of TransUnion in a research report on Thursday, October 24th. Needham & Company LLC restated a “hold” rating on shares of TransUnion in a research note on Thursday, October 24th. Finally, UBS Group started coverage on shares of TransUnion in a research report on Tuesday, October 1st. They set a “neutral” rating and a $110.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, TransUnion presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.53.

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.