Andra AP fonden bought a new position in TransUnion (NYSE:TRU) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 75,100 shares of the business services provider’s stock, valued at approximately $5,380,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Integrated Investment Consultants LLC bought a new position in TransUnion in the 2nd quarter worth about $106,000. Massey Quick Simon & CO. LLC bought a new position in TransUnion in the 2nd quarter worth about $139,000. Gabelli Funds LLC bought a new position in TransUnion in the 2nd quarter worth about $215,000. Roundview Capital LLC bought a new position in TransUnion in the 1st quarter worth about $223,000. Finally, IBM Retirement Fund bought a new position in TransUnion in the 1st quarter worth about $225,000. Institutional investors and hedge funds own 98.22% of the company’s stock.
Several research analysts have commented on TRU shares. Morgan Stanley restated a “hold” rating and issued a $75.00 target price (up previously from $71.00) on shares of TransUnion in a research note on Thursday, September 13th. Wells Fargo & Co lifted their price target on TransUnion from $65.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, July 25th. Zacks Investment Research downgraded TransUnion from a “buy” rating to a “hold” rating in a research report on Monday, June 25th. Bank of America lifted their price target on TransUnion from $76.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. Finally, Robert W. Baird lifted their price target on TransUnion from $80.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, July 25th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. TransUnion currently has a consensus rating of “Buy” and a consensus price target of $75.07.
TransUnion (NYSE:TRU) last issued its quarterly earnings results on Tuesday, July 24th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.07. The firm had revenue of $563.10 million during the quarter, compared to the consensus estimate of $540.86 million. TransUnion had a return on equity of 21.06% and a net margin of 21.00%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the company posted $0.47 EPS. equities analysts forecast that TransUnion will post 2.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 6th. Stockholders of record on Wednesday, August 22nd were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, August 21st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.41%. TransUnion’s dividend payout ratio (DPR) is presently 17.54%.
In related news, insider James M. Peck sold 131,750 shares of the firm’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $71.75, for a total transaction of $9,453,062.50. Following the transaction, the insider now directly owns 389,377 shares of the company’s stock, valued at approximately $27,937,799.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Timothy Elberfeld sold 1,590 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $72.29, for a total value of $114,941.10. Following the transaction, the chief accounting officer now directly owns 15,422 shares in the company, valued at $1,114,856.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 200,410 shares of company stock worth $14,317,418. 1.18% of the stock is currently owned by insiders.
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.
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