Victory Capital Management Inc. Grows Holdings in TransUnion (TRU)

Victory Capital Management Inc. raised its position in TransUnion (NYSE:TRU) by 18.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 905,887 shares of the business services provider’s stock after acquiring an additional 143,995 shares during the quarter. Victory Capital Management Inc. owned approximately 0.49% of TransUnion worth $66,656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System grew its position in TransUnion by 1.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 206,866 shares of the business services provider’s stock valued at $15,221,000 after acquiring an additional 2,659 shares in the last quarter. Steinberg Global Asset Management purchased a new position in shares of TransUnion in the 3rd quarter valued at about $2,810,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of TransUnion by 19.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 12,979 shares of the business services provider’s stock valued at $957,000 after buying an additional 2,100 shares during the period. TCW Group Inc. boosted its stake in shares of TransUnion by 6.2% in the 3rd quarter. TCW Group Inc. now owns 1,645,503 shares of the business services provider’s stock valued at $121,076,000 after buying an additional 96,599 shares during the period. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of TransUnion in the 3rd quarter valued at about $3,811,000. 97.94% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on TRU shares. Atlantic Securities upgraded TransUnion from a “neutral” rating to an “overweight” rating and set a $82.00 price objective for the company in a research note on Wednesday, October 24th. Bank of America started coverage on TransUnion in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $84.00 price objective for the company. Zacks Investment Research cut TransUnion from a “buy” rating to a “hold” rating in a research note on Friday, July 27th. Robert W. Baird lifted their price objective on TransUnion from $80.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, July 25th. Finally, Cowen reiterated a “buy” rating and issued a $77.00 price objective on shares of TransUnion in a research note on Friday, July 20th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $78.54.

In related news, CAO Timothy Elberfeld sold 1,592 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $66.14, for a total transaction of $105,294.88. Following the completion of the sale, the chief accounting officer now owns 12,566 shares in the company, valued at $831,115.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James M. Peck sold 141,428 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $62.04, for a total value of $8,774,193.12. Following the sale, the insider now owns 381,627 shares of the company’s stock, valued at approximately $23,676,139.08. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

TRU stock opened at $66.65 on Tuesday. The company has a market cap of $12.54 billion, a P/E ratio of 38.98, a price-to-earnings-growth ratio of 3.75 and a beta of 0.86. TransUnion has a fifty-two week low of $52.56 and a fifty-two week high of $79.48. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.62 and a quick ratio of 1.62.

TransUnion (NYSE:TRU) last posted its earnings results on Tuesday, October 23rd. The business services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm had revenue of $603.60 million during the quarter, compared to analysts’ expectations of $617.92 million. TransUnion had a return on equity of 21.22% and a net margin of 18.98%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. As a group, sell-side analysts anticipate that TransUnion will post 2.24 earnings per share for the current fiscal year.

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TransUnion Company Profile

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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Institutional Ownership by Quarter for TransUnion (NYSE:TRU)

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