TransUnion (NYSE:TRU) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its stake in shares of TransUnion (NYSE:TRU) by 51.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,755,729 shares of the business services provider’s stock after purchasing an additional 2,306,596 shares during the quarter. Price T Rowe Associates Inc. MD owned about 3.48% of TransUnion worth $539,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in shares of TransUnion by 11.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,095 shares of the business services provider’s stock worth $487,000 after purchasing an additional 715 shares during the period. Lecap Asset Management Ltd. acquired a new stake in shares of TransUnion during the 4th quarter worth approximately $1,006,000. CANADA LIFE ASSURANCE Co raised its position in shares of TransUnion by 3.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 179,865 shares of the business services provider’s stock worth $14,369,000 after purchasing an additional 6,270 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of TransUnion during the 1st quarter worth approximately $3,900,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of TransUnion by 37.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 460,203 shares of the business services provider’s stock worth $31,621,000 after purchasing an additional 124,492 shares during the period.

TransUnion Stock Up 0.5 %

Shares of TRU traded up $0.44 during mid-day trading on Monday, reaching $86.90. The company’s stock had a trading volume of 286,588 shares, compared to its average volume of 1,606,129. The business has a fifty day moving average of $75.62 and a 200 day moving average of $74.99. The company has a market cap of $16.88 billion, a price-to-earnings ratio of -60.46, a price-to-earnings-growth ratio of 1.69 and a beta of 1.61. TransUnion has a 1 year low of $42.09 and a 1 year high of $87.36. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.22.

TransUnion (NYSE:TRU) last released its earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.13. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 earnings per share. As a group, analysts forecast that TransUnion will post 3.43 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a $0.105 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.48%. TransUnion’s payout ratio is currently -29.37%.

Wall Street Analysts Forecast Growth

TRU has been the subject of a number of recent analyst reports. Morgan Stanley increased their price objective on TransUnion from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Wolfe Research initiated coverage on TransUnion in a research note on Tuesday, July 9th. They set a “peer perform” rating for the company. Bank of America raised TransUnion from a “neutral” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Thursday, June 20th. Stifel Nicolaus increased their price target on TransUnion from $83.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Robert W. Baird increased their price target on TransUnion from $94.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.80.

Insider Activity

In related news, CFO Todd M. Cello sold 12,865 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $80.00, for a total transaction of $1,029,200.00. Following the completion of the sale, the chief financial officer now directly owns 101,426 shares in the company, valued at $8,114,080. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Steven M. Chaouki sold 1,776 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $72.00, for a total transaction of $127,872.00. Following the completion of the sale, the insider now directly owns 71,547 shares in the company, valued at $5,151,384. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Todd M. Cello sold 12,865 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $80.00, for a total value of $1,029,200.00. Following the sale, the chief financial officer now owns 101,426 shares of the company’s stock, valued at $8,114,080. The disclosure for this sale can be found here. Insiders sold 29,761 shares of company stock worth $2,266,576 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

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.