Nordea Investment Management AB Boosts Stake in TransUnion $TRU

Nordea Investment Management AB raised its position in TransUnion (NYSE:TRU) by 10.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,831 shares of the business services provider’s stock after purchasing an additional 1,627 shares during the quarter. Nordea Investment Management AB’s holdings in TransUnion were worth $1,479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its position in TransUnion by 10.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 21,674,473 shares of the business services provider’s stock worth $1,798,765,000 after purchasing an additional 2,134,342 shares during the period. Vanguard Group Inc. increased its position in shares of TransUnion by 1.1% during the first quarter. Vanguard Group Inc. now owns 18,264,902 shares of the business services provider’s stock worth $1,515,804,000 after acquiring an additional 198,245 shares during the period. Wellington Management Group LLP increased its position in shares of TransUnion by 61.2% during the first quarter. Wellington Management Group LLP now owns 10,877,953 shares of the business services provider’s stock worth $902,761,000 after acquiring an additional 4,128,104 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of TransUnion by 0.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,411,925 shares of the business services provider’s stock worth $283,156,000 after acquiring an additional 28,996 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of TransUnion by 15.3% during the first quarter. Victory Capital Management Inc. now owns 3,146,693 shares of the business services provider’s stock worth $261,144,000 after acquiring an additional 418,693 shares during the period.

TransUnion Price Performance

NYSE TRU opened at $83.28 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.02 and a current ratio of 2.03. The firm’s 50 day moving average price is $85.46 and its 200-day moving average price is $86.27. TransUnion has a 52-week low of $66.38 and a 52-week high of $109.99. The company has a market cap of $16.22 billion, a PE ratio of 41.64, a P/E/G ratio of 2.15 and a beta of 1.71.

TransUnion (NYSE:TRU) last released its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.09. TransUnion had a net margin of 8.99% and a return on equity of 16.08%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm earned $0.99 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Sell-side analysts forecast that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Friday, August 22nd were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, August 22nd. TransUnion’s dividend payout ratio (DPR) is 23.00%.

Insiders Place Their Bets

In other TransUnion news, CAO Jennifer A. Williams sold 972 shares of TransUnion stock in a transaction on Monday, August 4th. The shares were sold at an average price of $92.89, for a total value of $90,289.08. Following the transaction, the chief accounting officer directly owned 7,108 shares of the company’s stock, valued at approximately $660,262.12. The trade was a 12.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $83.19, for a total transaction of $83,190.00. Following the completion of the transaction, the insider directly owned 64,592 shares in the company, valued at $5,373,408.48. This represents a 1.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,309 shares of company stock valued at $919,839. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TRU shares. Wells Fargo & Company reduced their target price on shares of TransUnion from $124.00 to $118.00 and set an “overweight” rating on the stock in a research report on Friday, July 25th. Oppenheimer started coverage on shares of TransUnion in a research report on Monday, October 13th. They set an “outperform” rating and a $93.00 target price on the stock. The Goldman Sachs Group reduced their target price on shares of TransUnion from $96.00 to $83.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Wall Street Zen lowered shares of TransUnion from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, Seaport Res Ptn raised shares of TransUnion to a “hold” rating in a research report on Wednesday, October 1st. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, TransUnion has a consensus rating of “Moderate Buy” and an average target price of $105.00.

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.