PDT Partners LLC Raises Stake in TransUnion (NYSE:TRU)

PDT Partners LLC grew its holdings in shares of TransUnion (NYSE:TRU) by 19.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,333 shares of the business services provider’s stock after purchasing an additional 10,630 shares during the period. TransUnion makes up 0.6% of PDT Partners LLC’s portfolio, making the stock its 7th biggest holding. PDT Partners LLC’s holdings in TransUnion were worth $6,736,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of TransUnion from $103.00 to $119.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Wells Fargo & Company increased their price objective on TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Wolfe Research raised 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $121.00 target price on shares of TransUnion in a research report on Thursday, October 24th. Finally, UBS Group began coverage on TransUnion in a report on Tuesday, October 1st. They set a “neutral” rating and a $110.00 price target for the company. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, TransUnion has a consensus rating of “Moderate Buy” and an average target price of $106.38.

Insiders Place Their Bets

In related news, EVP Timothy J. Martin sold 2,500 shares of the stock in a transaction dated 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 owns 49,239 shares in the company, valued at approximately $4,709,710.35. This trade represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven M. Chaouki sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $95.65, for a total value of $95,650.00. Following the transaction, the insider now owns 64,488 shares in the company, valued at $6,168,277.20. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock worth $1,954,740 in the last ninety days. Insiders own 0.22% of the company’s stock.

TransUnion Trading Up 0.5 %

Shares of TRU stock opened at $101.50 on Friday. TransUnion has a 12 month low of $57.80 and a 12 month high of $113.17. The company has a market cap of $19.78 billion, a PE ratio of 88.26, a price-to-earnings-growth ratio of 1.40 and a beta of 1.62. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.19. The business’s 50 day moving average is $103.61 and its two-hundred day moving average is $90.25.

TransUnion (NYSE:TRU) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. TransUnion’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $0.80 EPS. Equities analysts predict that TransUnion will post 3.44 EPS for the current year.

TransUnion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Friday, November 22nd will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Friday, November 22nd. TransUnion’s dividend payout ratio (DPR) is presently 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.