Meritage Group LP Trims Stake in TransUnion (NYSE:TRU)

Meritage Group LP lessened its holdings in TransUnion (NYSE:TRU) by 17.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,278,373 shares of the business services provider’s stock after selling 913,601 shares during the period. TransUnion makes up about 10.5% of Meritage Group LP’s investment portfolio, making the stock its largest position. Meritage Group LP owned about 2.20% of TransUnion worth $447,946,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Huntington National Bank boosted its stake in TransUnion by 84.5% during the third quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock worth $30,000 after buying an additional 131 shares during the period. Quarry LP boosted its stake in 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 buying an additional 520 shares during the period. True Wealth Design LLC boosted its stake in TransUnion by 4,590.0% during the third quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock worth $49,000 after buying an additional 459 shares during the period. National Bank of Canada FI boosted its stake 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 valued at $66,000 after purchasing an additional 166 shares during the period. Finally, Blue Trust Inc. boosted its stake 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 purchasing an additional 523 shares during the period.

TransUnion Stock Performance

Shares of TRU opened at $99.67 on Monday. The stock has a 50-day simple moving average of $103.03 and a 200-day simple moving average of $91.34. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $19.43 billion, a PE ratio of 86.67, a PEG ratio of 1.39 and a beta of 1.60. TransUnion has a 1 year low of $61.46 and a 1 year high of $113.17.

TransUnion (NYSE:TRU) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share. On average, analysts predict that TransUnion will post 3.44 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TRU shares. Oppenheimer cut their price objective on shares of TransUnion from $122.00 to $115.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. Needham & Company LLC restated a “hold” rating on shares of TransUnion in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price objective on TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Morgan Stanley upped their price objective on TransUnion from $103.00 to $119.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company upped their price objective on TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, TransUnion presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.38.

Insider Buying and Selling at TransUnion

In related news, insider Steven M. Chaouki sold 1,500 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $105.66, for a total value of $158,490.00. Following the completion of the sale, the insider now owns 62,988 shares in the company, valued at approximately $6,655,312.08. This trade represents a 2.33 % 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, Director George M. Awad sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the director now directly owns 27,026 shares of the company’s stock, valued at approximately $2,702,600. This represents a 30.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,590 shares of company stock valued at $2,084,633. Company insiders own 0.28% of the company’s stock.

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.