Peak Financial Advisors LLC acquired a new stake in shares of TransUnion (NYSE:TRU – Free Report) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 30,149 shares of the business services provider’s stock, valued at approximately $1,843,000.
Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of TransUnion by 42.6% in the 3rd quarter. Signaturefd LLC now owns 887 shares of the business services provider’s stock worth $54,000 after acquiring an additional 265 shares during the last quarter. Evergreen Capital Management LLC bought a new position in TransUnion in the 3rd quarter valued at about $532,000. Root Financial Partners LLC bought a new position in TransUnion in the 3rd quarter valued at about $37,000. Quadrant Capital Group LLC boosted its stake in TransUnion by 9.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,899 shares of the business services provider’s stock valued at $263,000 after purchasing an additional 323 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in TransUnion by 1,309.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 74,790 shares of the business services provider’s stock valued at $4,571,000 after purchasing an additional 69,485 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on TRU. Wells Fargo & Company decreased their price objective on TransUnion from $102.00 to $96.00 and set an “overweight” rating for the company in a report on Wednesday. BMO Capital Markets lifted their target price on TransUnion from $85.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Barclays decreased their price target on TransUnion from $85.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, October 2nd. The Goldman Sachs Group increased their price target on TransUnion from $68.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Morgan Stanley dropped their price objective on TransUnion from $106.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, TransUnion has a consensus rating of “Moderate Buy” and an average price target of $90.69.
View Our Latest Report on TransUnion
TransUnion Trading Up 1.7%
NYSE:TRU opened at $76.74 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.90 and a current ratio of 2.03. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. TransUnion has a 52 week low of $60.96 and a 52 week high of $89.12. The firm has a 50-day moving average price of $74.50 and a two-hundred day moving average price of $74.26.
TransUnion (NYSE:TRU – Get Free Report) last announced its earnings results on Tuesday, October 27th. The business services provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. TransUnion had a return on equity of 16.51% and a net margin of 15.83%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. On average, equities analysts expect that TransUnion will post 4.24 earnings per share for the current fiscal year.
TransUnion Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Tuesday, November 10th will be issued a dividend of $0.1350 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.7%. This is an increase from TransUnion’s previous quarterly dividend of $0.1250. The ex-dividend date is Tuesday, November 10th. TransUnion’s dividend payout ratio is 12.17%.
Insider Buying and Selling at TransUnion
In other TransUnion news, insider Todd Skinner sold 1,000 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $62.29, for a total value of $62,290.00. Following the transaction, the insider owned 54,764 shares of the company’s stock, valued at approximately $3,411,249.56. The trade was a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mohamed Abdelsadek sold 397 shares of the business’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $75.00, for a total value of $29,775.00. Following the completion of the transaction, the executive vice president directly owned 52,284 shares in the company, valued at approximately $3,921,300. This represents a 0.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,377 shares of company stock valued at $3,200,570 in the last ninety days. 0.37% of the stock is owned by corporate insiders.
TransUnion Profile
TransUnion (NYSE: TRU) is a global information and insights company that helps businesses and consumers make more informed decisions. The company collects, analyzes and delivers data related to credit, identity, fraud and consumer behavior, serving customers across financial services, insurance, healthcare, retail, telecommunications and other industries.
Its products and services include consumer credit reports and scores, credit-risk assessment, marketing and audience insights, identity verification, fraud detection, investigative tools and decisioning software.
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