TransUnion (NYSE:TRU) Holdings Cut by Commerce Bank

Commerce Bank cut its stake in shares of TransUnion (NYSE:TRU) by 2.9% in the 3rd quarter, Holdings Channel reports. The firm owned 9,903 shares of the business services provider’s stock after selling 297 shares during the quarter. Commerce Bank’s holdings in TransUnion were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Signaturefd LLC grew its stake in TransUnion by 15.0% during the 3rd quarter. Signaturefd LLC now owns 788 shares of the business services provider’s stock worth $83,000 after buying an additional 103 shares during the last quarter. Elo Mutual Pension Insurance Co raised its holdings in shares of TransUnion by 0.7% during the second quarter. Elo Mutual Pension Insurance Co now owns 17,822 shares of the business services provider’s stock valued at $1,322,000 after buying an additional 123 shares during the last quarter. Huntington National Bank boosted its position in shares of TransUnion by 84.5% during the third quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock worth $30,000 after buying an additional 131 shares during the period. Lindbrook Capital LLC increased its position in TransUnion by 4.0% in the 3rd quarter. Lindbrook Capital LLC now owns 4,260 shares of the business services provider’s stock valued at $446,000 after acquiring an additional 163 shares during the period. Finally, V Square Quantitative Management LLC raised its stake in TransUnion by 6.4% during the 2nd quarter. V Square Quantitative Management LLC now owns 2,762 shares of the business services provider’s stock valued at $205,000 after acquiring an additional 165 shares in the last quarter.

Insider Activity at TransUnion

In other TransUnion news, CAO Jennifer A. Williams sold 405 shares of TransUnion stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $38,709.90. Following the transaction, the chief accounting officer now directly owns 7,186 shares of the company’s stock, valued at $686,837.88. The trade was a 5.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Heather J. Russell sold 3,173 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $303,275.34. Following the transaction, the executive vice president now owns 19,926 shares of the company’s stock, valued at approximately $1,904,527.08. This trade represents a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,078 shares of company stock valued at $1,096,725. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TRU shares. Wolfe Research raised TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price target for the company in a research note on Thursday, October 10th. UBS Group initiated coverage on shares of TransUnion in a report on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 target price on the stock. Wells Fargo & Company raised their target price on shares of TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Morgan Stanley upped their price target on TransUnion from $103.00 to $119.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $121.00 price objective on shares of TransUnion in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $106.38.

TransUnion Stock Performance

Shares of TRU stock opened at $99.13 on Monday. The company has a market capitalization of $19.32 billion, a price-to-earnings ratio of 86.20, a P/E/G ratio of 1.37 and a beta of 1.62. TransUnion has a 1-year low of $56.85 and a 1-year high of $113.17. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.19. The stock’s fifty day simple moving average is $103.67 and its 200-day simple moving average is $89.77.

TransUnion (NYSE:TRU) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company earned $0.80 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts predict that TransUnion will post 3.46 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.105 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.42 annualized dividend and a dividend yield of 0.42%. TransUnion’s dividend payout ratio is 36.52%.

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.