Victory Capital Management Inc. Has $257.25 Million Position in TransUnion (NYSE:TRU)

Victory Capital Management Inc. grew its holdings in shares of TransUnion (NYSE:TRU) by 24.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,468,854 shares of the business services provider’s stock after acquiring an additional 674,187 shares during the period. Victory Capital Management Inc. owned about 1.79% of TransUnion worth $257,250,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its position in shares of TransUnion by 3.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 179,865 shares of the business services provider’s stock worth $14,369,000 after acquiring an additional 6,270 shares during the last quarter. Picton Mahoney Asset Management bought a new position in TransUnion during the 1st quarter worth approximately $3,900,000. California State Teachers Retirement System lifted its position in shares of TransUnion by 2.4% in the 1st quarter. California State Teachers Retirement System now owns 327,518 shares of the business services provider’s stock worth $26,136,000 after purchasing an additional 7,636 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of TransUnion by 37.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 460,203 shares of the business services provider’s stock valued at $31,621,000 after purchasing an additional 124,492 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in TransUnion by 6.8% during the first quarter. Nordea Investment Management AB now owns 13,135 shares of the business services provider’s stock worth $1,058,000 after purchasing an additional 832 shares during the period.

Analysts Set New Price Targets

TRU has been the subject of several research analyst reports. Robert W. Baird lifted their price objective on shares of TransUnion from $94.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group lifted their target price on shares of TransUnion from $87.00 to $97.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Royal Bank of Canada raised their target price on TransUnion from $85.00 to $106.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Wells Fargo & Company raised shares of TransUnion to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, Wolfe Research assumed coverage on TransUnion in a report on Tuesday, July 9th. They issued a “peer perform” rating for the company. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.47.

TransUnion Trading Up 0.3 %

Shares of TransUnion stock opened at $95.50 on Friday. TransUnion has a 1 year low of $42.09 and a 1 year high of $99.00. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $18.55 billion, a PE ratio of -66.78, a PEG ratio of 1.42 and a beta of 1.62. The company has a 50 day simple moving average of $85.87 and a two-hundred day simple moving average of $79.23.

TransUnion (NYSE:TRU) last issued its earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.13. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.03%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business earned $0.76 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. Analysts expect that TransUnion will post 3.44 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Friday, August 23rd will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, August 23rd. TransUnion’s payout ratio is -29.37%.

Insider Activity

In related news, CAO Jennifer A. Williams sold 405 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction of $38,709.90. Following the transaction, the chief accounting officer now owns 7,186 shares in the company, valued at approximately $686,837.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CAO Jennifer A. Williams sold 405 shares of TransUnion stock in a transaction 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 sale, the chief accounting officer now owns 7,186 shares in the company, valued at $686,837.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Heather J. Russell sold 7,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $73.10, for a total transaction of $511,700.00. Following the completion of the transaction, the executive vice president now owns 32,744 shares of the company’s stock, valued at $2,393,586.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,200 shares of company stock valued at $3,176,957. Insiders own 0.22% of the company’s stock.

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.