DekaBank Deutsche Girozentrale Trims Holdings in TransUnion (NYSE:TRU)

DekaBank Deutsche Girozentrale cut its position in shares of TransUnion (NYSE:TRU) by 8.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,891 shares of the business services provider’s stock after selling 5,646 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in TransUnion were worth $6,734,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TRU. Principal Financial Group Inc. lifted its stake in TransUnion by 31.9% during the first quarter. Principal Financial Group Inc. now owns 16,609 shares of the business services provider’s stock worth $1,325,000 after purchasing an additional 4,021 shares during the last quarter. HB Wealth Management LLC lifted its stake in TransUnion by 7.0% during the first quarter. HB Wealth Management LLC now owns 5,396 shares of the business services provider’s stock worth $431,000 after purchasing an additional 352 shares during the last quarter. Nordea Investment Management AB lifted its stake in TransUnion by 6.8% during the first quarter. Nordea Investment Management AB now owns 13,135 shares of the business services provider’s stock worth $1,058,000 after purchasing an additional 832 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in TransUnion by 1.8% during the first quarter. Daiwa Securities Group Inc. now owns 16,976 shares of the business services provider’s stock worth $1,355,000 after purchasing an additional 300 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in TransUnion during the first quarter worth $484,000.

TransUnion Price Performance

NYSE:TRU opened at $103.07 on Thursday. The business’s 50-day moving average price is $101.95 and its 200 day moving average price is $86.19. The firm has a market cap of $20.02 billion, a P/E ratio of -72.34, a PEG ratio of 1.35 and a beta of 1.62. TransUnion has a 52-week low of $43.39 and a 52-week high of $113.17. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.19.

TransUnion (NYSE:TRU) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. TransUnion’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. As a group, sell-side analysts predict that TransUnion will post 3.46 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Friday, August 23rd. TransUnion’s payout ratio is currently -29.37%.

Insider Activity at TransUnion

In related news, EVP Timothy J. Martin sold 2,500 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total value of $261,475.00. Following the completion of the transaction, the executive vice president now owns 46,739 shares in the company, valued at $4,888,432.01. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Timothy J. Martin sold 2,500 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total value of $261,475.00. Following the completion of the transaction, the executive vice president now owns 46,739 shares in the company, valued at $4,888,432.01. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Heather J. Russell sold 3,173 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $303,275.34. Following the completion of the transaction, the executive vice president now owns 19,926 shares of the company’s stock, valued at $1,904,527.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,715 shares of company stock worth $1,209,589 in the last quarter. 0.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TRU shares. Wells Fargo & Company raised their target price on 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 reiterated an “outperform” rating and issued a $121.00 target price on shares of TransUnion in a research note on Thursday, October 24th. UBS Group started coverage on TransUnion in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 target price on the stock. 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 note on Thursday, October 10th. Finally, Stifel Nicolaus raised their target price on TransUnion from $103.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.53.

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.