Toronto Dominion Bank Purchases 7,298 Shares of TransUnion (NYSE:TRU)

Toronto Dominion Bank increased its position in shares of TransUnion (NYSE:TRU) by 39.3% during the third quarter, HoldingsChannel reports. The fund owned 25,887 shares of the business services provider’s stock after buying an additional 7,298 shares during the quarter. Toronto Dominion Bank’s holdings in TransUnion were worth $2,710,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in shares of TransUnion by 17.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 19,180,562 shares of the business services provider’s stock valued at $2,008,205,000 after buying an additional 2,840,800 shares during the period. FMR LLC increased its position in TransUnion by 307.7% in the 3rd quarter. FMR LLC now owns 4,540,896 shares of the business services provider’s stock valued at $475,432,000 after acquiring an additional 3,427,199 shares during the period. Wellington Management Group LLP increased its position in TransUnion by 16.8% in the 3rd quarter. Wellington Management Group LLP now owns 4,426,510 shares of the business services provider’s stock valued at $463,456,000 after acquiring an additional 635,581 shares during the period. Victory Capital Management Inc. raised its stake 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 valued at $257,250,000 after acquiring an additional 674,187 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of TransUnion by 2.4% during the third quarter. Janus Henderson Group PLC now owns 3,154,262 shares of the business services provider’s stock worth $330,251,000 after purchasing an additional 75,410 shares during the period.

Insider Buying and Selling

In other TransUnion news, insider Steven M. Chaouki sold 1,500 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $100.73, for a total transaction of $151,095.00. Following the transaction, the insider now directly owns 60,488 shares in the company, valued at approximately $6,092,956.24. This trade represents a 2.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George M. Awad sold 12,000 shares of TransUnion stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.00, for a total transaction of $1,200,000.00. Following the transaction, the director now directly owns 27,026 shares in the company, valued at $2,702,600. This represents a 30.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,590 shares of company stock worth $2,084,633 in the last quarter. Insiders own 0.22% of the company’s stock.

TransUnion Stock Down 1.1 %

Shares of NYSE:TRU opened at $98.43 on Monday. The firm has a market cap of $19.18 billion, a P/E ratio of 85.59, a PEG ratio of 1.37 and a beta of 1.60. TransUnion has a 52-week low of $63.03 and a 52-week high of $113.17. The business’s 50 day simple moving average is $102.39 and its two-hundred day simple moving average is $92.16. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm posted $0.80 EPS. TransUnion’s revenue was up 12.0% compared to the same quarter last year. As a group, research analysts forecast that TransUnion will post 3.44 EPS for the current fiscal year.

TransUnion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 22nd were issued a $0.105 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.43%. TransUnion’s dividend payout ratio is presently 36.52%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Oppenheimer lowered their target price on TransUnion from $122.00 to $115.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Stifel Nicolaus raised their price objective on TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Needham & Company LLC reiterated a “hold” rating on shares of TransUnion in a report on Thursday, October 24th. Wolfe Research upgraded shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price target for the company in a report on Thursday, October 10th. Finally, Morgan Stanley upped their price objective on shares of TransUnion from $119.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TransUnion presently has a consensus rating of “Moderate Buy” and an average price target of $107.06.

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.