Kornitzer Capital Management Inc. KS Purchases 1,735 Shares of TransUnion (NYSE:TRU)

Kornitzer Capital Management Inc. KS lifted its position in shares of TransUnion (NYSE:TRU) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 342,300 shares of the business services provider’s stock after purchasing an additional 1,735 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in TransUnion were worth $35,839,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in shares of TransUnion by 237.5% during the first quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock worth $39,000 after purchasing an additional 342 shares during the last quarter. Quarry LP grew its holdings in shares of TransUnion by 963.0% during 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 last quarter. Signaturefd LLC grew its holdings in shares of TransUnion by 15.0% during 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 during the last quarter. Blue Trust Inc. grew its holdings in shares of TransUnion by 156.6% during the second quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after purchasing an additional 523 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings 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 during the last quarter.

Insider Transactions at TransUnion

In other news, EVP Heather J. Russell sold 3,173 shares of the company’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 transaction of $303,275.34. Following the transaction, the executive vice president now directly owns 19,926 shares of the company’s stock, valued at $1,904,527.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Heather J. Russell sold 3,173 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 19,926 shares of the company’s stock, valued at approximately $1,904,527.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy J. Martin sold 2,500 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $95.65, for a total value of $239,125.00. Following the completion of the sale, the executive vice president now directly owns 49,239 shares of the company’s stock, valued at $4,709,710.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,815 shares of company stock valued at $961,407 over the last ninety days. 0.28% of the stock is owned by company insiders.

TransUnion Trading Up 0.9 %

Shares of TransUnion stock traded up $0.95 on Thursday, reaching $105.68. 87,012 shares of the company’s stock were exchanged, compared to its average volume of 1,586,915. The company has a market capitalization of $20.60 billion, a P/E ratio of 91.10, a price-to-earnings-growth ratio of 1.35 and a beta of 1.62. TransUnion has a 52 week low of $50.88 and a 52 week high of $113.17. The firm’s 50-day moving average is $102.62 and its two-hundred day moving average is $87.44. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68.

TransUnion (NYSE:TRU) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. TransUnion’s revenue for the quarter was up 12.0% on a year-over-year basis. Sell-side analysts predict that TransUnion will post 3.46 EPS for the current fiscal year.

TransUnion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were given a dividend of $0.105 per share. 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 payout ratio is 36.52%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of TransUnion in a report on Thursday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $121.00 target price on shares of TransUnion in a report on Thursday, October 24th. Morgan Stanley upped their target price on TransUnion from $103.00 to $119.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Wells Fargo & Company upped their target price on TransUnion from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Wolfe Research upgraded TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.