NFJ Investment Group LLC Trims Holdings in TransUnion (NYSE:TRU)

NFJ Investment Group LLC decreased its holdings in shares of TransUnion (NYSE:TRU) by 11.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 264,453 shares of the business services provider’s stock after selling 35,177 shares during the period. NFJ Investment Group LLC’s holdings in TransUnion were worth $27,688,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRU. Huntington National Bank lifted its position in TransUnion by 84.5% during the 3rd quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock worth $30,000 after acquiring an additional 131 shares during the period. Quarry LP lifted its holdings in shares of TransUnion by 963.0% during the second quarter. Quarry LP now owns 574 shares of the business services provider’s stock worth $43,000 after purchasing an additional 520 shares during the period. True Wealth Design LLC raised its position in TransUnion by 4,590.0% during the 3rd 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 during the last quarter. National Bank of Canada FI lifted its stake in shares of TransUnion by 22.3% in the 2nd 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 period. Finally, Blue Trust Inc. boosted its holdings in shares of TransUnion by 156.6% in the second quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 523 shares in the last quarter.

Insider Activity at TransUnion

In other news, insider Steven M. Chaouki sold 1,500 shares of TransUnion stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $105.66, for a total transaction of $158,490.00. Following the sale, the insider now directly owns 62,988 shares of the company’s stock, valued at approximately $6,655,312.08. The trade was a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy J. Martin sold 2,500 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 46,739 shares of the company’s stock, valued at $4,888,432.01. This represents a 5.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,090 shares of company stock worth $1,933,538. 0.28% of the stock is currently owned by company insiders.

TransUnion Trading Down 0.1 %

NYSE TRU traded down $0.10 during mid-day trading on Tuesday, hitting $98.95. The company’s stock had a trading volume of 65,778 shares, compared to its average volume of 1,594,141. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68. TransUnion has a 52-week low of $58.59 and a 52-week high of $113.17. The stock’s fifty day simple moving average is $103.42 and its two-hundred day simple moving average is $90.71. The firm has a market capitalization of $19.29 billion, a P/E ratio of 86.06, a price-to-earnings-growth ratio of 1.41 and a beta of 1.60.

TransUnion (NYSE:TRU) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. Research analysts expect that TransUnion will post 3.44 EPS for the current year.

TransUnion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be paid a $0.105 dividend. 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 0.42%. TransUnion’s dividend payout ratio (DPR) is currently 36.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TRU shares. Wolfe Research raised TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a report on Thursday, October 10th. Stifel Nicolaus upped their price objective on TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group raised their target price on TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Needham & Company LLC reiterated a “hold” rating on shares of TransUnion in a report on Thursday, October 24th. Finally, UBS Group began coverage on shares of TransUnion in a report on Tuesday, October 1st. They set a “neutral” rating and a $110.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, TransUnion currently has an average rating of “Moderate Buy” and a consensus target price of $106.38.

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.