Parnassus Investments LLC lowered its holdings in shares of TransUnion (NYSE:TRU – Free Report) by 7.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 892,724 shares of the business services provider’s stock after selling 75,587 shares during the period. Parnassus Investments LLC’s holdings in TransUnion were worth $76,551,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Coronation Fund Managers Ltd. bought a new position in shares of TransUnion during the third quarter valued at $2,751,000. Theleme Partners LLP raised its stake in shares of TransUnion by 5.8% during the third quarter. Theleme Partners LLP now owns 2,230,882 shares of the business services provider’s stock valued at $186,903,000 after acquiring an additional 122,525 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its stake in shares of TransUnion by 566.3% during the third quarter. Bradley Foster & Sargent Inc. CT now owns 15,792 shares of the business services provider’s stock valued at $1,323,000 after acquiring an additional 13,422 shares during the last quarter. Threadgill Financial LLC raised its stake in shares of TransUnion by 58.4% during the fourth quarter. Threadgill Financial LLC now owns 63,334 shares of the business services provider’s stock valued at $5,431,000 after acquiring an additional 23,343 shares during the last quarter. Finally, Wealth High Governance Capital Ltda bought a new position in shares of TransUnion during the fourth quarter valued at $10,466,000.
TransUnion Stock Down 3.3%
Shares of TransUnion stock opened at $65.63 on Friday. TransUnion has a one year low of $64.51 and a one year high of $99.39. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.93 and a quick ratio of 1.93. The stock’s 50-day moving average is $70.76 and its 200 day moving average is $76.29. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 1.20 and a beta of 1.56.
TransUnion Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Wednesday, May 27th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 27th. TransUnion’s payout ratio is presently 13.85%.
Analysts Set New Price Targets
Several research firms have recently issued reports on TRU. New Street Research set a $100.00 price target on shares of TransUnion in a research note on Wednesday, March 11th. UBS Group lowered their target price on shares of TransUnion from $72.00 to $69.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Needham & Company LLC reissued a “buy” rating and set a $95.00 target price on shares of TransUnion in a research note on Wednesday, April 29th. Weiss Ratings downgraded shares of TransUnion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $111.00 target price on shares of TransUnion in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.27.
Insider Activity at TransUnion
In related news, EVP Heather J. Russell sold 6,683 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $71.87, for a total value of $480,307.21. Following the completion of the sale, the executive vice president directly owned 45,248 shares of the company’s stock, valued at $3,251,973.76. The trade was a 12.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Chaouki sold 5,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $70.73, for a total value of $353,650.00. Following the completion of the sale, the insider directly owned 99,906 shares of the company’s stock, valued at $7,066,351.38. The trade was a 4.77% decrease in their ownership of the stock. 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 25,666 shares of company stock valued at $1,843,542 in the last three months. Corporate insiders own 0.37% of the company’s stock.
TransUnion Company Profile
TransUnion is a global information and insights company that helps businesses and consumers make critical decisions using data and analytics. As one of the three major credit bureaus in the United States, TransUnion collects and aggregates credit information on individuals and businesses, providing credit reports, risk scores and portfolio management tools to financial institutions, lenders, landlords and other decision makers. Its consumer-facing products enable individuals to monitor credit status, detect identity theft and access personalized financial insights.
The company’s offerings span credit risk assessment, identity management, fraud prevention and marketing solutions.
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