Oppenheimer Asset Management Inc. Lowers Holdings in TransUnion (NYSE:TRU)

Oppenheimer Asset Management Inc. reduced its stake in shares of TransUnion (NYSE:TRU) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,351 shares of the business services provider’s stock after selling 310 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in TransUnion were worth $2,235,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quarry LP increased its holdings in shares of TransUnion by 963.0% during the 2nd quarter. Quarry LP now owns 574 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 520 shares in the last quarter. National Bank of Canada FI raised its position in shares of TransUnion by 22.3% in 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 period. Blue Trust Inc. boosted its stake in shares of TransUnion by 156.6% during the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after acquiring an additional 523 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of TransUnion during the 2nd quarter valued at about $75,000. Finally, Signaturefd LLC increased its stake in shares of TransUnion by 15.0% in the 3rd quarter. Signaturefd LLC now owns 788 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 103 shares in the last quarter.

Insider Activity at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $95.65, for a total value of $95,650.00. Following the sale, the insider now owns 64,488 shares in the company, valued at $6,168,277.20. The trade was a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy J. Martin sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total value of $261,475.00. Following the sale, the executive vice president now directly owns 46,739 shares of the company’s stock, valued at $4,888,432.01. The trade was a 5.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,315 shares of company stock worth $1,119,897. Insiders own 0.22% of the company’s stock.

TransUnion Stock Performance

NYSE TRU opened at $95.66 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68. The stock’s fifty day moving average is $103.65 and its two-hundred day moving average is $88.96. The firm has a market capitalization of $18.64 billion, a P/E ratio of 83.18, a price-to-earnings-growth ratio of 1.40 and a beta of 1.62. TransUnion has a fifty-two week low of $56.41 and a fifty-two week high of $113.17.

TransUnion (NYSE:TRU) last announced its quarterly 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 firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company posted $0.80 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. On average, research analysts anticipate that TransUnion will post 3.46 earnings per share for the current year.

TransUnion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, November 22nd. TransUnion’s payout ratio is presently 36.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TRU. Stifel Nicolaus increased their price target on TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Wolfe Research raised shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price target on the stock in a research note on Thursday, October 10th. Wells Fargo & Company upped their price objective on shares of TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Oppenheimer lifted their target price on shares of TransUnion from $118.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group upped their price target on shares of TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $106.81.

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.