ICICI Prudential Asset Management Co Ltd Cuts Stock Position in TransUnion (NYSE:TRU)

ICICI Prudential Asset Management Co Ltd decreased its holdings in TransUnion (NYSE:TRU) by 28.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,791 shares of the business services provider’s stock after selling 33,946 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in TransUnion were worth $8,773,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. boosted its position in TransUnion by 12.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,308,028 shares of the business services provider’s stock valued at $136,951,000 after buying an additional 140,952 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of TransUnion in the third quarter valued at $269,000. Atria Investments Inc boosted its holdings in TransUnion by 28.0% in the third quarter. Atria Investments Inc now owns 13,193 shares of the business services provider’s stock valued at $1,381,000 after purchasing an additional 2,883 shares during the period. Lindbrook Capital LLC grew its stake in TransUnion by 4.0% during the 3rd quarter. Lindbrook Capital LLC now owns 4,260 shares of the business services provider’s stock worth $446,000 after purchasing an additional 163 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in TransUnion by 6,720.7% during the 3rd quarter. Assetmark Inc. now owns 128,706 shares of the business services provider’s stock worth $13,476,000 after purchasing an additional 126,819 shares during the period.

TransUnion Stock Up 1.3 %

TRU stock traded up $1.30 during trading on Wednesday, reaching $104.20. The stock had a trading volume of 178,482 shares, compared to its average volume of 1,588,163. The firm has a fifty day moving average price of $103.39 and a 200 day moving average price of $88.54. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $20.31 billion, a P/E ratio of 90.61, a PEG ratio of 1.40 and a beta of 1.62. TransUnion has a 1-year low of $54.13 and a 1-year high of $113.17.

TransUnion (NYSE:TRU) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, beating 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 firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm earned $0.80 EPS. TransUnion’s quarterly revenue was up 12.0% on a year-over-year basis. On average, equities analysts anticipate that TransUnion will post 3.46 earnings per share for the current year.

TransUnion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Friday, November 22nd. TransUnion’s payout ratio is currently 36.52%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TRU shares. Stifel Nicolaus boosted their price target on shares of TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Oppenheimer upped their price objective on TransUnion from $118.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Wells Fargo & Company raised their target price on TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a report on Thursday, October 24th. Finally, Wolfe Research raised shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.53.

Insider Activity

In related news, CAO Jennifer A. Williams sold 405 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $38,709.90. Following the completion of the sale, the chief accounting officer now directly owns 7,186 shares of the company’s stock, valued at $686,837.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Jennifer A. Williams sold 405 shares of TransUnion stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $38,709.90. Following the completion of the transaction, the chief accounting officer now owns 7,186 shares in the company, valued at approximately $686,837.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy J. Martin sold 2,500 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 49,239 shares in the company, valued at approximately $4,709,710.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,315 shares of company stock worth $1,119,897. 0.22% of the stock is currently owned by corporate insiders.

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.