D.B. Root & Company LLC Buys New Shares in TransUnion (NYSE:TRU)

D.B. Root & Company LLC purchased a new position in shares of TransUnion (NYSE:TRU) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,284 shares of the business services provider’s stock, valued at approximately $449,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CANADA LIFE ASSURANCE Co grew its holdings in 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 purchasing an additional 6,270 shares during the period. Picton Mahoney Asset Management bought a new stake in shares of TransUnion during the first quarter worth approximately $3,900,000. California State Teachers Retirement System boosted its holdings 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 acquiring an additional 7,636 shares during the period. Victory Capital Management Inc. boosted its holdings 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 acquiring an additional 674,187 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of 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 acquiring an additional 832 shares during the period.

TransUnion Stock Up 3.8 %

Shares of TRU opened at $104.76 on Thursday. TransUnion has a one year low of $50.51 and a one year high of $113.17. The company has a market cap of $20.42 billion, a P/E ratio of 91.10, a P/E/G ratio of 1.35 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 firm has a 50 day simple moving average of $102.62 and a two-hundred day simple moving average of $87.44.

TransUnion (NYSE:TRU) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 earnings per share. Research analysts forecast that TransUnion will post 3.46 EPS for the current fiscal year.

TransUnion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.105 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.42 annualized dividend and a dividend yield of 0.40%. TransUnion’s dividend payout ratio (DPR) is presently 36.52%.

Insider Transactions at TransUnion

In other news, EVP Heather J. Russell sold 3,173 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 19,926 shares in the company, valued at approximately $1,904,527.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Jennifer A. Williams sold 405 shares of the business’s 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 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 document filed with the SEC, which is available through the SEC website. Also, EVP Heather J. Russell sold 3,173 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was 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 directly owns 19,926 shares in the company, valued at approximately $1,904,527.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,815 shares of company stock worth $961,407. Corporate insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TRU. The Goldman Sachs Group boosted their price objective on TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Robert W. Baird boosted their price objective on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and set a $121.00 price objective on shares of TransUnion in a report on Thursday, October 24th. Stifel Nicolaus boosted their price target on TransUnion from $103.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Oppenheimer boosted their price target on TransUnion from $118.00 to $122.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, TransUnion has an average rating of “Moderate Buy” and a consensus target price 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.