AMP Capital Investors Ltd Lowers Stake in TransUnion (TRU)
AMP Capital Investors Ltd cut its holdings in shares of TransUnion (NYSE:TRU) by 32.7% during the third quarter, Holdings Channel reports. The fund owned 113,297 shares of the business services provider’s stock after selling 55,119 shares during the quarter. AMP Capital Investors Ltd’s holdings in TransUnion were worth $8,249,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its position in shares of TransUnion by 12.6% during the third quarter. BlackRock Inc. now owns 10,100,257 shares of the business services provider’s stock worth $743,177,000 after acquiring an additional 1,133,283 shares during the last quarter. FMR LLC grew its position in shares of TransUnion by 14.3% during the second quarter. FMR LLC now owns 9,409,480 shares of the business services provider’s stock worth $674,095,000 after acquiring an additional 1,179,299 shares during the last quarter. Artisan Partners Limited Partnership grew its position in shares of TransUnion by 1.6% during the second quarter. Artisan Partners Limited Partnership now owns 3,297,996 shares of the business services provider’s stock worth $236,268,000 after acquiring an additional 52,842 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of TransUnion by 15.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,291,094 shares of the business services provider’s stock worth $242,158,000 after acquiring an additional 432,056 shares during the last quarter. Finally, Investec Asset Management LTD grew its position in shares of TransUnion by 44.0% during the second quarter. Investec Asset Management LTD now owns 2,126,235 shares of the business services provider’s stock worth $152,323,000 after acquiring an additional 650,036 shares during the last quarter. Institutional investors and hedge funds own 98.47% of the company’s stock.
In related news, insider James M. Peck sold 141,428 shares of TransUnion stock in a transaction on Friday, October 26th. The shares were sold at an average price of $62.04, for a total value of $8,774,193.12. Following the transaction, the insider now directly owns 381,627 shares in the company, valued at approximately $23,676,139.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John T. Danaher sold 4,319 shares of TransUnion stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $63.51, for a total transaction of $274,299.69. Following the completion of the transaction, the executive vice president now owns 49,492 shares in the company, valued at $3,143,236.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,339 shares of company stock worth $9,153,788. 2.10% of the stock is currently owned by insiders.
TransUnion (NYSE:TRU) last posted its quarterly earnings data on Tuesday, October 23rd. The business services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. TransUnion had a net margin of 18.98% and a return on equity of 21.22%. The firm had revenue of $603.60 million for the quarter, compared to analyst estimates of $617.92 million. During the same period last year, the firm posted $0.49 EPS. TransUnion’s quarterly revenue was up 21.2% on a year-over-year basis. Analysts forecast that TransUnion will post 2.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 6th. Investors of record on Wednesday, November 21st were given a $0.075 dividend. The ex-dividend date was Tuesday, November 20th. This represents a $0.30 dividend on an annualized basis and a yield of 0.48%. TransUnion’s dividend payout ratio (DPR) is 17.54%.
A number of equities analysts have recently issued reports on the stock. Morgan Stanley restated a “hold” rating and set a $75.00 target price (up from $71.00) on shares of TransUnion in a research report on Thursday, September 13th. Bank of America assumed coverage on shares of TransUnion in a research report on Tuesday, October 23rd. They set a “buy” rating and a $84.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of TransUnion from $88.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 24th. Atlantic Securities upgraded shares of TransUnion from a “neutral” rating to an “overweight” rating and set a $82.00 target price on the stock in a research report on Wednesday, October 24th. Finally, ValuEngine lowered shares of TransUnion from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $78.54.
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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