Swedbank AB Cuts Position in TransUnion (NYSE:TRU)

Swedbank AB reduced its holdings in shares of TransUnion (NYSE:TRU) by 3.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 181,331 shares of the business services provider’s stock after selling 7,315 shares during the period. Swedbank AB’s holdings in TransUnion were worth $18,985,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Huntington National Bank raised its holdings in shares of TransUnion by 84.5% during the 3rd quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock valued at $30,000 after buying an additional 131 shares during the period. Quarry LP raised its stake in shares of TransUnion by 963.0% during the second quarter. Quarry LP now owns 574 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 520 shares during the period. National Bank of Canada FI lifted its position in shares of TransUnion by 22.3% during the second quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock worth $66,000 after purchasing an additional 166 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of TransUnion by 156.6% in the second quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 523 shares during the period. Finally, Ridgewood Investments LLC acquired a new stake in TransUnion during the 2nd quarter valued at $75,000.

Insider Activity

In other news, Director George M. Awad sold 12,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.00, for a total value of $1,200,000.00. Following the completion of the transaction, the director now owns 27,026 shares of the company’s stock, valued at approximately $2,702,600. This represents a 30.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Heather J. Russell sold 3,173 shares of TransUnion stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $95.58, for a total transaction of $303,275.34. Following the sale, the executive vice president now owns 19,926 shares in the company, valued at approximately $1,904,527.08. This represents a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,078 shares of company stock valued at $2,296,725. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TRU has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price objective on shares of TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. UBS Group started coverage on TransUnion in a report on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and set a $121.00 price objective on shares of TransUnion in a research note on Thursday, October 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a research report on Thursday, October 24th. Finally, Barclays raised their price target on shares of TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.38.

TransUnion Price Performance

Shares of NYSE:TRU opened at $100.73 on Wednesday. The company has a market cap of $19.63 billion, a PE ratio of 87.59, a P/E/G ratio of 1.37 and a beta of 1.62. TransUnion has a fifty-two week low of $56.85 and a fifty-two week high of $113.17. The firm has a 50-day simple moving average of $103.69 and a 200 day simple moving average of $89.94. 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 posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The company had revenue of $1.09 billion during 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%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 earnings per share. On average, sell-side analysts anticipate that TransUnion will post 3.46 EPS for the current year.

TransUnion Announces Dividend

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

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.