PDT Partners LLC Boosts Stake in TransUnion (NYSE:TRU)

PDT Partners LLC boosted its holdings in shares of TransUnion (NYSE:TRU) by 19.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,333 shares of the business services provider’s stock after purchasing an additional 10,630 shares during the period. TransUnion comprises 0.6% of PDT Partners LLC’s portfolio, making the stock its 7th biggest holding. PDT Partners LLC’s holdings in TransUnion were worth $6,736,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake in TransUnion by 32.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,339,762 shares of the business services provider’s stock worth $1,211,757,000 after buying an additional 3,977,595 shares during the last quarter. FMR LLC boosted its holdings in shares of TransUnion by 307.7% in the 3rd quarter. FMR LLC now owns 4,540,896 shares of the business services provider’s stock worth $475,432,000 after acquiring an additional 3,427,199 shares in the last quarter. XN LP grew its position in TransUnion by 194.7% during the 2nd quarter. XN LP now owns 1,973,684 shares of the business services provider’s stock worth $146,368,000 after acquiring an additional 1,303,996 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in TransUnion during the 3rd quarter valued at $92,661,000. Finally, Ninety One UK Ltd raised its position in TransUnion by 37.4% in the 2nd quarter. Ninety One UK Ltd now owns 2,566,928 shares of the business services provider’s stock valued at $190,363,000 after purchasing an additional 698,580 shares during the last quarter.

TransUnion Stock Up 0.5 %

TRU stock opened at $101.50 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.19. The stock’s 50 day moving average is $103.61 and its 200-day moving average is $90.25. TransUnion has a twelve month low of $57.80 and a twelve month high of $113.17. The firm has a market capitalization of $19.78 billion, a PE ratio of 88.26, a P/E/G ratio of 1.40 and a beta of 1.62.

TransUnion (NYSE:TRU) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, topping 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 analysts’ expectations of $1.06 billion. During the same period in the previous year, the business posted $0.80 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts expect that TransUnion will post 3.44 EPS for the current fiscal year.

TransUnion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Friday, November 22nd will be paid a $0.105 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.42 annualized dividend and a yield of 0.41%. TransUnion’s dividend payout ratio is currently 36.52%.

Insider Activity at TransUnion

In related news, insider Steven M. Chaouki sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $95.65, for a total transaction of $95,650.00. Following the transaction, the insider now owns 64,488 shares in the company, valued at $6,168,277.20. The trade was a 1.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George M. Awad sold 12,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.00, for a total transaction of $1,200,000.00. Following the completion of the transaction, the director now owns 27,026 shares of the company’s stock, valued at $2,702,600. This trade represents a 30.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,500 shares of company stock valued at $1,954,740. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TRU shares. Wolfe Research upgraded shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price target on the stock in a research report on Thursday, October 10th. Robert W. Baird upped their target price on shares of TransUnion from $104.00 to $130.00 and gave the company an “outperform” rating in a research 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 research note on Thursday, October 24th. Oppenheimer lowered their price objective on shares of TransUnion from $122.00 to $115.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $121.00 price target on shares of TransUnion in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TransUnion has a consensus rating of “Moderate Buy” and a consensus target price of $106.38.

TransUnion Company 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.