Victory Capital Management Inc. Decreases Stake in TransUnion (NYSE:TRU)

Victory Capital Management Inc. decreased its position in TransUnion (NYSE:TRU) by 22.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,698,250 shares of the business services provider’s stock after selling 770,604 shares during the quarter. Victory Capital Management Inc. owned 1.38% of TransUnion worth $282,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TRU. Empowered Funds LLC increased its holdings in shares of TransUnion by 17.4% in the 1st quarter. Empowered Funds LLC now owns 3,851 shares of the business services provider’s stock worth $307,000 after buying an additional 572 shares during the last quarter. Forsta AP Fonden raised its position in TransUnion by 9.9% during the first quarter. Forsta AP Fonden now owns 43,200 shares of the business services provider’s stock valued at $3,447,000 after purchasing an additional 3,900 shares during the period. Sei Investments Co. lifted its stake in shares of TransUnion by 2.2% in the 1st quarter. Sei Investments Co. now owns 45,827 shares of the business services provider’s stock valued at $3,658,000 after purchasing an additional 975 shares during the last quarter. Qsemble Capital Management LP boosted its holdings in shares of TransUnion by 189.7% in the 1st quarter. Qsemble Capital Management LP now owns 8,839 shares of the business services provider’s stock worth $705,000 after purchasing an additional 5,788 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of TransUnion by 23.6% during the 1st quarter. Russell Investments Group Ltd. now owns 199,667 shares of the business services provider’s stock valued at $15,911,000 after purchasing an additional 38,098 shares during the last quarter.

TransUnion Stock Down 3.7 %

Shares of TRU traded down $3.93 during trading hours on Tuesday, hitting $102.84. The company had a trading volume of 346,546 shares, compared to its average volume of 1,587,173. TransUnion has a one year low of $51.50 and a one year high of $113.17. The company’s fifty day moving average price is $103.22 and its two-hundred day moving average price is $88.34. The company has a market capitalization of $20.04 billion, a PE ratio of 91.36, a price-to-earnings-growth ratio of 1.45 and a beta of 1.62. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.19.

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

TransUnion Announces Dividend

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

Insider Activity at TransUnion

In related news, EVP Heather J. Russell sold 3,173 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $303,275.34. Following the completion of the transaction, the executive vice president now directly owns 19,926 shares of the company’s stock, valued at $1,904,527.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other TransUnion news, CAO Jennifer A. Williams sold 405 shares of TransUnion stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction of $38,709.90. Following the completion of the sale, the chief accounting officer now owns 7,186 shares of the company’s stock, valued at approximately $686,837.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Heather J. Russell sold 3,173 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $303,275.34. Following the completion of the transaction, the executive vice president now directly owns 19,926 shares in the company, valued at $1,904,527.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,315 shares of company stock valued at $1,119,897 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

TRU has been the subject of a number of analyst reports. UBS Group assumed coverage on TransUnion in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 price target for the company. Stifel Nicolaus raised their target price on shares of TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays upped their price target on shares of TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Morgan Stanley raised their price objective on shares of TransUnion from $103.00 to $119.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company upped their target price on TransUnion from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, TransUnion currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.53.

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.