CCLA Investment Management Sells 106,635 Shares of TransUnion (NYSE:TRU)

CCLA Investment Management lowered its position in shares of TransUnion (NYSE:TRU) by 5.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,840,561 shares of the business services provider’s stock after selling 106,635 shares during the quarter. TransUnion accounts for about 2.1% of CCLA Investment Management’s investment portfolio, making the stock its 12th largest position. CCLA Investment Management’s holdings in TransUnion were worth $136,594,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TRU. Capital International Investors purchased a new stake in shares of TransUnion during the fourth quarter worth about $663,001,000. Massachusetts Financial Services Co. MA grew its holdings in TransUnion by 32.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,339,762 shares of the business services provider’s stock valued at $1,211,757,000 after buying an additional 3,977,595 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of TransUnion by 51.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,755,729 shares of the business services provider’s stock valued at $539,108,000 after buying an additional 2,306,596 shares during the last quarter. Meritage Group LP lifted its holdings in shares of TransUnion by 56.5% in the fourth quarter. Meritage Group LP now owns 5,030,424 shares of the business services provider’s stock worth $345,640,000 after buying an additional 1,815,540 shares in the last quarter. Finally, Norges Bank bought a new position in shares of TransUnion during the fourth quarter worth $90,682,000.

Insiders Place Their Bets

In other news, EVP Heather J. Russell sold 7,120 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $73.53, for a total value of $523,533.60. Following the sale, the executive vice president now directly owns 25,624 shares in the company, valued at approximately $1,884,132.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Heather J. Russell sold 7,120 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $73.53, for a total transaction of $523,533.60. Following the completion of the transaction, the executive vice president now owns 25,624 shares in the company, valued at approximately $1,884,132.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy J. Martin sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $95.65, for a total transaction of $239,125.00. Following the completion of the sale, the executive vice president now owns 49,239 shares of the company’s stock, valued at $4,709,710.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,200 shares of company stock worth $2,665,257. 0.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TRU has been the topic of a number of research reports. Bank of America upgraded shares of TransUnion from a “neutral” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Thursday, June 20th. Wolfe Research assumed coverage on TransUnion in a report on Tuesday, July 9th. They set a “peer perform” rating on the stock. Wells Fargo & Company upgraded shares of TransUnion to a “strong-buy” rating in a research report on Tuesday, August 13th. Morgan Stanley upped their price objective on TransUnion from $96.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Finally, Barclays lifted their target price on TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.00.

TransUnion Price Performance

Shares of TRU opened at $99.97 on Wednesday. The stock has a market capitalization of $19.41 billion, a PE ratio of -69.91, a PEG ratio of 1.42 and a beta of 1.62. The company has a 50 day moving average price of $89.50 and a 200-day moving average price of $80.48. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.66 and a current ratio of 1.66. TransUnion has a fifty-two week low of $42.09 and a fifty-two week high of $102.00.

TransUnion (NYSE:TRU) last announced its earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.13. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm earned $0.76 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts predict that TransUnion will post 3.44 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 23rd were paid a $0.105 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.42 annualized dividend and a yield of 0.42%. TransUnion’s dividend payout ratio (DPR) is presently -29.37%.

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.