Harvest Fund Management Co. Ltd Takes $131,000 Position in TransUnion (NYSE:TRU)

Harvest Fund Management Co. Ltd acquired a new position in TransUnion (NYSE:TRU) during the third quarter, Holdings Channel reports. The institutional investor acquired 1,255 shares of the business services provider’s stock, valued at approximately $131,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its holdings in shares of TransUnion by 14.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,196 shares of the business services provider’s stock valued at $335,000 after purchasing an additional 542 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of TransUnion by 2.4% in the 1st quarter. California State Teachers Retirement System now owns 327,518 shares of the business services provider’s stock valued at $26,136,000 after acquiring an additional 7,636 shares in the last quarter. Tidal Investments LLC lifted its holdings in TransUnion by 8.3% in the 1st quarter. Tidal Investments LLC now owns 3,981 shares of the business services provider’s stock worth $318,000 after purchasing an additional 304 shares during the last quarter. Swedbank AB bought a new stake in TransUnion during the first quarter worth approximately $15,158,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of TransUnion by 0.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 64,657 shares of the business services provider’s stock worth $5,064,000 after buying an additional 588 shares during the period.

Insider Activity

In other news, Director George M. Awad sold 12,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.00, for a total value of $1,200,000.00. Following the transaction, the director now directly owns 27,026 shares in the company, valued at $2,702,600. This trade represents a 30.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy J. Martin sold 2,500 shares of the company’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 $239,125.00. Following the completion of the sale, the executive vice president now owns 49,239 shares of the company’s stock, valued at $4,709,710.35. This represents a 4.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,500 shares of company stock valued at $1,954,740. Company insiders own 0.28% of the company’s stock.

TransUnion Price Performance

Shares of TransUnion stock opened at $101.00 on Thursday. TransUnion has a 1-year low of $56.85 and a 1-year high of $113.17. The firm’s 50-day moving average price is $103.71 and its two-hundred day moving average price is $90.10. 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 stock has a market capitalization of $19.68 billion, a price-to-earnings ratio of 87.59, a P/E/G ratio of 1.42 and a beta of 1.62.

TransUnion (NYSE:TRU) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $0.80 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts predict that TransUnion will post 3.45 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group initiated coverage on shares of 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 raised their target price on TransUnion from $104.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Stifel Nicolaus upped their price target on TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays increased their price objective on TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Finally, Wolfe Research raised TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TransUnion currently has an average rating of “Moderate Buy” and an average price target of $106.38.

About TransUnion

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.