Mackenzie Financial Corp Sells 131,908 Shares of TransUnion (NYSE:TRU)

Mackenzie Financial Corp reduced its position in TransUnion (NYSE:TRU) by 44.4% during the second quarter, HoldingsChannel reports. The fund owned 165,390 shares of the business services provider’s stock after selling 131,908 shares during the quarter. Mackenzie Financial Corp’s holdings in TransUnion were worth $12,265,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in TransUnion by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 17,910,715 shares of the business services provider’s stock valued at $1,230,645,000 after acquiring an additional 234,123 shares during the period. Massachusetts Financial Services Co. MA raised its stake in TransUnion by 32.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,339,762 shares of the business services provider’s stock valued at $1,211,757,000 after acquiring an additional 3,977,595 shares during the period. Capital International Investors bought a new stake in TransUnion in the 4th quarter valued at about $663,001,000. Price T Rowe Associates Inc. MD raised its stake in TransUnion by 51.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,755,729 shares of the business services provider’s stock valued at $539,108,000 after acquiring an additional 2,306,596 shares during the period. Finally, Van ECK Associates Corp raised its stake in TransUnion by 12.1% in the 1st quarter. Van ECK Associates Corp now owns 5,316,891 shares of the business services provider’s stock valued at $424,288,000 after acquiring an additional 572,121 shares during the period.

TransUnion Stock Down 0.8 %

Shares of NYSE TRU opened at $103.92 on Monday. TransUnion has a 12 month low of $42.09 and a 12 month high of $106.67. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $20.19 billion, a price-to-earnings ratio of -72.67, a PEG ratio of 1.41 and a beta of 1.62. The business has a 50-day moving average of $93.56 and a 200-day moving average of $81.91.

TransUnion (NYSE:TRU) last issued its earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.13. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. TransUnion’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Sell-side analysts expect that TransUnion will post 3.44 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 23rd were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Friday, August 23rd. TransUnion’s dividend payout ratio is currently -29.37%.

Insiders Place Their Bets

In other TransUnion news, CFO Todd M. Cello sold 12,865 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $80.00, for a total value of $1,029,200.00. Following the completion of the sale, the chief financial officer now owns 101,426 shares of the company’s stock, valued at $8,114,080. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $90.14, for a total value of $90,140.00. Following the completion of the sale, the insider now owns 69,547 shares in the company, valued at $6,268,966.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd M. Cello sold 12,865 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $80.00, for a total value of $1,029,200.00. Following the completion of the sale, the chief financial officer now owns 101,426 shares of the company’s stock, valued at approximately $8,114,080. The disclosure for this sale can be found here. Insiders sold a total of 24,080 shares of company stock valued at $2,067,454 over the last quarter. 0.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on TransUnion from $87.00 to $97.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Wolfe Research assumed coverage on TransUnion in a report on Tuesday, July 9th. They set a “peer perform” rating for the company. Oppenheimer lifted their target price on TransUnion from $90.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Robert W. Baird lifted their target price on TransUnion from $94.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Morgan Stanley lifted their target price on TransUnion from $96.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.00.

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.