BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 4,800 Shares of TransUnion (NYSE:TRU)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in shares of TransUnion (NYSE:TRU) by 12.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,398 shares of the business services provider’s stock after selling 4,800 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in TransUnion were worth $3,392,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Huntington National Bank raised 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 purchasing an additional 131 shares during the last quarter. Quarry LP lifted its stake in shares of TransUnion by 963.0% in the second quarter. Quarry LP now owns 574 shares of the business services provider’s stock worth $43,000 after acquiring an additional 520 shares during the period. National Bank of Canada FI boosted its holdings in TransUnion by 22.3% in the second quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 166 shares during the last quarter. Blue Trust Inc. increased its position in TransUnion by 156.6% during the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 523 shares during the period. Finally, Ridgewood Investments LLC bought a new position in TransUnion during the 2nd quarter worth approximately $75,000.

TransUnion Trading Up 1.0 %

NYSE TRU opened at $100.03 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $19.50 billion, a P/E ratio of 86.98, a PEG ratio of 1.38 and a beta of 1.60. The business has a fifty day simple moving average of $103.30 and a 200 day simple moving average of $90.87. TransUnion has a 12 month low of $58.59 and a 12 month high of $113.17.

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

TransUnion Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of TransUnion from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $121.00 price objective on shares of TransUnion in a research report on Thursday, October 24th. Wolfe Research upgraded TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research report on Thursday, October 10th. Stifel Nicolaus lifted their target price on TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group increased their price target on TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, TransUnion has an average rating of “Moderate Buy” and a consensus target price of $106.38.

Insider Activity at TransUnion

In related news, insider Todd C. Skinner sold 3,090 shares of TransUnion stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $101.48, for a total value of $313,573.20. Following the sale, the insider now owns 24,333 shares of the company’s stock, valued at approximately $2,469,312.84. The trade was a 11.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George M. Awad sold 12,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $100.00, for a total value of $1,200,000.00. Following the transaction, the director now directly owns 27,026 shares of the company’s stock, valued at approximately $2,702,600. This trade represents a 30.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,090 shares of company stock valued at $1,933,538. 0.28% of the stock is owned by insiders.

TransUnion 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.