Verdence Capital Advisors LLC Buys 961 Shares of TransUnion (NYSE:TRU)

Verdence Capital Advisors LLC raised its stake in shares of TransUnion (NYSE:TRU) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 44,370 shares of the business services provider’s stock after purchasing an additional 961 shares during the quarter. Verdence Capital Advisors LLC’s holdings in TransUnion were worth $4,646,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Quarry LP lifted its position in TransUnion by 963.0% in the second quarter. Quarry LP now owns 574 shares of the business services provider’s stock worth $43,000 after purchasing an additional 520 shares during the period. National Bank of Canada FI boosted its position in shares of TransUnion by 22.3% during the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 166 shares in the last quarter. Blue Trust Inc. boosted its position in shares of TransUnion by 156.6% during the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 523 shares in the last quarter. Ridgewood Investments LLC bought a new stake in TransUnion in the second quarter valued at about $75,000. Finally, Signaturefd LLC raised its position in TransUnion by 15.0% in the third quarter. Signaturefd LLC now owns 788 shares of the business services provider’s stock worth $83,000 after purchasing an additional 103 shares in the last quarter.

TransUnion Trading Up 0.2 %

Shares of TRU opened at $106.62 on Friday. The stock’s fifty day simple moving average is $103.02 and its 200-day simple moving average is $87.84. The firm has a market capitalization of $20.78 billion, a PE ratio of 92.71, a price-to-earnings-growth ratio of 1.42 and a beta of 1.62. TransUnion has a 12-month low of $51.40 and a 12-month 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, beating analysts’ consensus estimates of $1.01 by $0.03. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company posted $0.80 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. As a group, research analysts predict that TransUnion will post 3.46 earnings per share for the current year.

TransUnion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, November 22nd. TransUnion’s payout ratio is 36.52%.

Insider Activity

In other news, EVP Timothy J. Martin sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total transaction of $261,475.00. Following the completion of the transaction, the executive vice president now directly owns 46,739 shares in the company, valued at approximately $4,888,432.01. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Heather J. Russell sold 3,173 shares of the business’s 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 $303,275.34. Following the completion of the transaction, the executive vice president now directly owns 19,926 shares in the company, valued at approximately $1,904,527.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy J. Martin sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total transaction of $261,475.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,815 shares of company stock valued at $961,407 in the last 90 days. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TRU. UBS Group started coverage on TransUnion in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 price objective on the stock. Oppenheimer upped their price target on TransUnion from $118.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley increased their price objective on TransUnion from $103.00 to $119.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Stifel Nicolaus boosted their target price on shares of TransUnion from $103.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $121.00 target price on shares of TransUnion in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.53.

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.