Artemis Investment Management LLP Takes $32.01 Million Position in TransUnion (NYSE:TRU)

Artemis Investment Management LLP purchased a new position in shares of TransUnion (NYSE:TRU) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 305,711 shares of the business services provider’s stock, valued at approximately $32,008,000. Artemis Investment Management LLP owned approximately 0.16% of TransUnion as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TRU. Massachusetts Financial Services Co. MA grew its holdings in shares of TransUnion by 32.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,339,762 shares of the business services provider’s stock worth $1,211,757,000 after buying an additional 3,977,595 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in TransUnion by 51.8% during 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 in the last quarter. CCLA Investment Management grew its stake in TransUnion by 104,813.6% during the 1st quarter. CCLA Investment Management now owns 1,947,196 shares of the business services provider’s stock valued at $153,454,000 after acquiring an additional 1,945,340 shares in the last quarter. XN LP raised its holdings in TransUnion by 194.7% in the 2nd quarter. XN LP now owns 1,973,684 shares of the business services provider’s stock valued at $146,368,000 after acquiring an additional 1,303,996 shares during the last quarter. Finally, Ninety One UK Ltd lifted its stake in TransUnion by 37.4% in the 2nd quarter. Ninety One UK Ltd now owns 2,566,928 shares of the business services provider’s stock worth $190,363,000 after purchasing an additional 698,580 shares in the last quarter.

TransUnion Trading Up 0.6 %

NYSE:TRU opened at $106.15 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.66 and a current ratio of 1.66. TransUnion has a 1 year low of $42.09 and a 1 year high of $107.46. The stock has a market cap of $20.62 billion, a P/E ratio of -74.23, a P/E/G ratio of 1.40 and a beta of 1.62. The stock has a 50-day simple moving average of $96.60 and a 200-day simple moving average of $83.22.

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

TransUnion Announces Dividend

The business also recently declared 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 dividend yield of 0.40%. The ex-dividend date of this dividend was Friday, August 23rd. TransUnion’s dividend payout ratio is currently -29.37%.

Insider Transactions at TransUnion

In related news, CFO Todd M. Cello sold 12,865 shares of TransUnion stock in a transaction 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 transaction, the chief financial officer now directly owns 101,426 shares in the company, valued at $8,114,080. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $90.14, for a total transaction of $90,140.00. Following the transaction, the insider now directly owns 69,547 shares in the company, valued at approximately $6,268,966.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Todd M. Cello sold 12,865 shares of the business’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 sale, the chief financial officer now directly owns 101,426 shares in the company, valued at $8,114,080. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,580 shares of company stock worth $2,328,929 over the last 90 days. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TRU shares. UBS Group started coverage on TransUnion in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 price target for the company. Royal Bank of Canada raised their price objective on shares of TransUnion from $85.00 to $106.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Morgan Stanley upped their price objective on TransUnion from $96.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. The Goldman Sachs Group raised 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 boosted their price objective on shares of TransUnion from $94.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.75.

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.