Mizuho Markets Americas LLC Takes $229,000 Position in TransUnion (NYSE:TRU)

Mizuho Markets Americas LLC bought a new position in TransUnion (NYSE:TRU) in the third quarter, HoldingsChannel.com reports. The fund bought 2,189 shares of the business services provider’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in TransUnion by 32.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,339,762 shares of the business services provider’s stock valued at $1,211,757,000 after acquiring an additional 3,977,595 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of TransUnion by 51.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,755,729 shares of the business services provider’s stock worth $539,108,000 after buying an additional 2,306,596 shares during the last quarter. Meritage Group LP grew its position in TransUnion by 2.3% during the first quarter. Meritage Group LP now owns 5,147,510 shares of the business services provider’s stock valued at $410,771,000 after buying an additional 117,086 shares during the period. Bessemer Group Inc. increased its holdings in TransUnion by 2.3% during the first quarter. Bessemer Group Inc. now owns 4,566,864 shares of the business services provider’s stock valued at $364,436,000 after buying an additional 102,841 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of TransUnion by 24.1% during the 2nd quarter. Victory Capital Management Inc. now owns 3,468,854 shares of the business services provider’s stock worth $257,250,000 after acquiring an additional 674,187 shares during the last quarter.

TransUnion Stock Down 3.8 %

Shares of NYSE TRU opened at $95.66 on Friday. 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 has a 52-week low of $56.41 and a 52-week high of $113.17. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of 83.18, a price-to-earnings-growth ratio of 1.30 and a beta of 1.62. The company’s 50-day simple moving average is $103.65 and its 200-day simple moving average is $88.96.

TransUnion (NYSE:TRU) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 earnings per share. Equities analysts predict that TransUnion will post 3.46 EPS for the current fiscal year.

TransUnion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be paid a $0.105 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.44%. TransUnion’s payout ratio is presently 36.52%.

Insider Transactions at TransUnion

In related news, EVP Heather J. Russell sold 3,173 shares of the company’s stock in a transaction that occurred on 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer A. Williams sold 405 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total transaction of $38,709.90. Following the completion of the sale, the chief accounting officer now directly owns 7,186 shares in the company, valued at approximately $686,837.88. This represents a 5.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,315 shares of company stock valued at $1,119,897. 0.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Stifel Nicolaus increased their target price on shares of TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. UBS Group initiated coverage on TransUnion in a research report on Tuesday, October 1st. They set a “neutral” rating and a $110.00 target price for the company. Robert W. Baird upped their price target on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer upped their target price on shares of TransUnion from $118.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Wolfe Research upgraded TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective for the company in a research report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $106.81.

TransUnion 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.