Handelsbanken Fonder AB Sells 922 Shares of TransUnion (NYSE:TRU)

Handelsbanken Fonder AB lessened its holdings in shares of TransUnion (NYSE:TRU) by 2.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 33,912 shares of the business services provider’s stock after selling 922 shares during the period. Handelsbanken Fonder AB’s holdings in TransUnion were worth $3,551,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TRU. Park Avenue Securities LLC acquired a new stake in shares of TransUnion during the third quarter worth $490,000. SG Americas Securities LLC acquired a new position in TransUnion during the third quarter valued at approximately $469,000. Abacus Planning Group Inc. bought a new stake in TransUnion in the third quarter valued at approximately $216,000. Sanctuary Advisors LLC acquired a new stake in TransUnion in the second quarter worth $1,008,000. Finally, Next Capital Management LLC bought a new position in shares of TransUnion during the second quarter worth $422,000.

TransUnion Price Performance

NYSE:TRU opened at $106.15 on Wednesday. TransUnion has a 52-week low of $42.09 and a 52-week high of $107.46. The company 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 company has a debt-to-equity ratio of 1.22, a quick ratio of 1.66 and a current ratio of 1.66. The stock’s 50-day simple moving average is $96.60 and its 200 day simple moving average is $83.22.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.13. The firm had revenue of $1.04 billion for 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%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 EPS. As a group, sell-side analysts forecast that TransUnion will post 3.44 EPS for the current fiscal year.

TransUnion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Friday, August 23rd. TransUnion’s dividend payout ratio (DPR) is presently -29.37%.

Analysts Set New Price Targets

A number of research firms recently commented on TRU. Morgan Stanley upped their price objective on shares of TransUnion from $96.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Barclays raised their price target on TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Wolfe Research assumed coverage on TransUnion in a research report on Tuesday, July 9th. They issued a “peer perform” rating for the company. UBS Group assumed coverage on shares of TransUnion in a report on Tuesday, October 1st. They set a “neutral” rating and a $110.00 target price on the stock. Finally, Bank of America raised shares of TransUnion from a “neutral” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Thursday, June 20th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.75.

Insider Transactions at TransUnion

In related news, insider Steven M. Chaouki sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were 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 directly 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the company’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 sale, the insider now owns 69,547 shares in the company, valued at $6,268,966.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer A. Williams sold 405 shares of TransUnion 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 transaction, the chief accounting officer now owns 7,186 shares of the company’s stock, valued at $686,837.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,580 shares of company stock worth $2,328,929 in the last ninety days. Insiders own 0.22% of the company’s stock.

TransUnion Company 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.