Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its holdings in TransUnion (NYSE:TRU) by 89.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 8,640 shares of the business services provider’s stock after purchasing an additional 4,080 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in TransUnion were worth $635,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. TimesSquare Capital Management LLC lifted its position in TransUnion by 6.0% during the second quarter. TimesSquare Capital Management LLC now owns 2,980,055 shares of the business services provider’s stock valued at $219,064,000 after acquiring an additional 168,375 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in TransUnion by 21.4% during the second quarter. Envestnet Asset Management Inc. now owns 59,632 shares of the business services provider’s stock valued at $4,384,000 after acquiring an additional 10,524 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in TransUnion by 222.9% during the second quarter. Cullen Frost Bankers Inc. now owns 678 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 468 shares during the last quarter. Stanley Laman Group Ltd. purchased a new stake in TransUnion during the second quarter valued at approximately $274,000. Finally, TD Asset Management Inc. lifted its position in TransUnion by 6.9% during the second quarter. TD Asset Management Inc. now owns 216,143 shares of the business services provider’s stock valued at $15,889,000 after acquiring an additional 13,872 shares during the last quarter.
A number of research analysts have issued reports on the stock. SunTrust Banks restated a “positive” rating and set a $90.00 price target on shares of TransUnion in a research note on Wednesday, July 24th. They noted that the move was a valuation call. ValuEngine upgraded shares of TransUnion from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. JPMorgan Chase & Co. upped their price target on shares of TransUnion from $78.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Deutsche Bank upped their price target on shares of TransUnion from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Finally, Barclays restated a “buy” rating and set a $80.00 price target on shares of TransUnion in a research note on Sunday, May 5th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $79.42.
In other news, Director James M. Peck sold 103,331 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $84.10, for a total value of $8,690,137.10. Following the sale, the director now owns 245,345 shares in the company, valued at $20,633,514.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew Prozes sold 50,889 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $80.59, for a total transaction of $4,101,144.51. Following the completion of the sale, the director now owns 19,762 shares in the company, valued at approximately $1,592,619.58. The disclosure for this sale can be found here. Insiders sold 249,215 shares of company stock worth $20,548,597 in the last quarter. Company insiders own 0.92% of the company’s stock.
TransUnion stock traded up $1.44 during mid-day trading on Friday, reaching $82.27. 784,800 shares of the company traded hands, compared to its average volume of 1,424,655. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.51 and a quick ratio of 1.51. TransUnion has a fifty-two week low of $52.15 and a fifty-two week high of $84.71. The company has a market capitalization of $14.96 billion, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00. The firm’s fifty day moving average is $78.48 and its two-hundred day moving average is $69.59.
TransUnion (NYSE:TRU) last released its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.08. The firm had revenue of $661.90 million for the quarter, compared to analyst estimates of $644.73 million. TransUnion had a net margin of 12.84% and a return on equity of 22.94%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share. As a group, equities research analysts predict that TransUnion will post 2.47 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd will be paid a $0.075 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.36%. TransUnion’s payout ratio is currently 12.99%.
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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