Avalon Investment & Advisory reduced its holdings in TransUnion (NYSE:TRU) by 22.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,367 shares of the business services provider’s stock after selling 10,555 shares during the period. Avalon Investment & Advisory’s holdings in TransUnion were worth $3,165,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of TRU. BlackRock Inc. lifted its position in TransUnion by 0.7% during the first quarter. BlackRock Inc. now owns 15,859,694 shares of the business services provider’s stock worth $1,049,595,000 after buying an additional 102,667 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of TransUnion by 12.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,362,607 shares of the business services provider’s stock worth $354,897,000 after buying an additional 576,896 shares during the period. State Street Corp raised its position in shares of TransUnion by 1.5% in the 1st quarter. State Street Corp now owns 3,918,548 shares of the business services provider’s stock worth $259,330,000 after buying an additional 56,784 shares during the period. Geode Capital Management LLC increased its holdings in TransUnion by 4.4% in the 1st quarter. Geode Capital Management LLC now owns 1,927,353 shares of the business services provider’s stock valued at $127,432,000 after purchasing an additional 81,050 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in TransUnion by 11.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,908,889 shares of the business services provider’s stock valued at $126,330,000 after purchasing an additional 195,677 shares in the last quarter. 97.54% of the stock is currently owned by institutional investors.
Shares of TRU traded up $0.44 during mid-day trading on Thursday, reaching $85.07. 19,340 shares of the company’s stock traded hands, compared to its average volume of 1,251,397. The business’s 50-day moving average price is $87.53 and its 200-day moving average price is $83.01. The stock has a market capitalization of $16.44 billion, a P/E ratio of 51.89, a price-to-earnings-growth ratio of 2.31 and a beta of 1.17. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.83 and a current ratio of 1.83. TransUnion has a 12 month low of $52.50 and a 12 month high of $101.16.
TransUnion (NYSE:TRU) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.17. The company had revenue of $634.40 million for the quarter, compared to analysts’ expectations of $586.32 million. TransUnion had a return on equity of 23.04% and a net margin of 11.62%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. Equities research analysts anticipate that TransUnion will post 2.66 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Thursday, August 20th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.30 annualized dividend and a yield of 0.35%. TransUnion’s payout ratio is 11.76%.
Several analysts recently issued reports on TRU shares. Credit Suisse Group reiterated a “hold” rating on shares of TransUnion in a report on Tuesday, August 11th. Zacks Investment Research upgraded TransUnion from a “hold” rating to a “strong-buy” rating and set a $89.00 price target for the company in a report on Tuesday, June 30th. JPMorgan Chase & Co. increased their price target on TransUnion from $92.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Barclays raised their target price on TransUnion from $75.00 to $105.00 in a research note on Wednesday, June 10th. Finally, Robert W. Baird upgraded TransUnion from a “neutral” rating to an “outperform” rating and set a $101.00 target price for the company in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. TransUnion has an average rating of “Buy” and a consensus price target of $96.40.
In related news, EVP Timothy J. Martin sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $85.00, for a total transaction of $255,000.00. Following the sale, the executive vice president now owns 34,129 shares of the company’s stock, valued at $2,900,965. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Todd M. Cello sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $89.23, for a total value of $624,610.00. Following the sale, the chief financial officer now directly owns 56,771 shares in the company, valued at approximately $5,065,676.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,000 shares of company stock worth $3,270,700. 0.38% of the stock is owned by corporate insiders.
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.
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