Allworth Financial LP Reduces Holdings in TransUnion (NYSE:TRU)

Allworth Financial LP lessened its position in shares of TransUnion (NYSE:TRU) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,812 shares of the business services provider’s stock after selling 179 shares during the period. Allworth Financial LP’s holdings in TransUnion were worth $399,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its position in shares of TransUnion by 3.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 179,865 shares of the business services provider’s stock valued at $14,369,000 after buying an additional 6,270 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in shares of TransUnion during the 1st quarter valued at $3,900,000. California State Teachers Retirement System raised its stake in shares of TransUnion by 2.4% during the 1st quarter. California State Teachers Retirement System now owns 327,518 shares of the business services provider’s stock valued at $26,136,000 after purchasing an additional 7,636 shares during the period. Victory Capital Management Inc. raised its stake in shares of TransUnion by 24.1% during the 2nd quarter. Victory Capital Management Inc. now owns 3,468,854 shares of the business services provider’s stock valued at $257,250,000 after purchasing an additional 674,187 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of TransUnion by 6.8% during the 1st quarter. Nordea Investment Management AB now owns 13,135 shares of the business services provider’s stock valued at $1,058,000 after purchasing an additional 832 shares during the period.

Insider Activity at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the 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 approximately $6,268,966.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the 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 approximately $6,268,966.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer A. Williams sold 405 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $38,709.90. Following the completion of the sale, the chief accounting officer now owns 7,186 shares of the company’s stock, valued at approximately $686,837.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,715 shares of company stock worth $1,299,729 in the last ninety days. 0.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on TRU. Royal Bank of Canada reiterated an “outperform” rating and set a $121.00 price objective on shares of TransUnion in a research note on Thursday, October 24th. Stifel Nicolaus boosted their price objective on TransUnion from $103.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley upped their target price on TransUnion from $103.00 to $119.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. The Goldman Sachs Group upped their target price on TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Finally, Robert W. Baird upped their target price on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, TransUnion currently has an average rating of “Moderate Buy” and a consensus target price of $104.53.

TransUnion Price Performance

TRU opened at $102.15 on Wednesday. The stock has a 50-day moving average price of $101.77 and a 200-day moving average price of $85.99. TransUnion has a 12-month low of $42.09 and a 12-month high of $113.17. 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 stock has a market capitalization of $19.84 billion, a P/E ratio of -71.43, a PEG ratio of 1.35 and a beta of 1.62.

TransUnion (NYSE:TRU) last issued its 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. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. TransUnion’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 EPS. Equities analysts predict that TransUnion will post 3.46 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 23rd were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Friday, August 23rd. TransUnion’s dividend payout ratio is presently -29.37%.

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.