Neuberger Berman Group LLC boosted its position in TransUnion (NYSE:TRU) by 12.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,206,530 shares of the business services provider’s stock after acquiring an additional 242,874 shares during the period. Neuberger Berman Group LLC owned 1.16% of TransUnion worth $192,048,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in TRU. Winslow Capital Management LLC bought a new stake in TransUnion in the 2nd quarter valued at about $194,702,000. The Manufacturers Life Insurance Company increased its position in shares of TransUnion by 264.0% during the first quarter. The Manufacturers Life Insurance Company now owns 1,429,980 shares of the business services provider’s stock valued at $94,636,000 after buying an additional 1,037,098 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of TransUnion by 12.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,362,607 shares of the business services provider’s stock valued at $354,897,000 after buying an additional 576,896 shares during the period. Marshall Wace LLP increased its position in shares of TransUnion by 37.0% during the second quarter. Marshall Wace LLP now owns 1,704,367 shares of the business services provider’s stock valued at $148,348,000 after buying an additional 459,869 shares during the period. Finally, APG Asset Management N.V. bought a new stake in shares of TransUnion during the first quarter valued at about $23,911,000. Institutional investors and hedge funds own 98.79% of the company’s stock.
TRU traded up $0.70 during midday trading on Wednesday, hitting $88.19. The stock had a trading volume of 31,671 shares, compared to its average volume of 1,385,134. The company has a market cap of $16.63 billion, a P/E ratio of 53.88, a price-to-earnings-growth ratio of 2.27 and a beta of 1.16. The business has a fifty day moving average of $86.76 and a 200 day moving average of $81.61. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.83 and a current ratio of 1.83. TransUnion has a 1 year low of $52.50 and a 1 year high of $101.16.
TransUnion (NYSE:TRU) last issued its earnings results on Tuesday, July 28th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.17. The business had revenue of $634.40 million during the quarter, compared to analyst estimates of $586.32 million. TransUnion had a return on equity of 23.04% and a net margin of 11.62%. TransUnion’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. On average, equities research analysts anticipate that TransUnion will post 2.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Thursday, August 20th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend was Wednesday, August 19th. TransUnion’s dividend payout ratio is currently 11.76%.
In other TransUnion news, EVP Timothy J. Martin sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $89.23, for a total value of $267,690.00. Following the completion of the sale, the executive vice president now owns 31,129 shares in the company, valued at $2,777,640.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Dane Mauldin sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $90.00, for a total value of $135,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,500 shares of company stock valued at $1,027,300. 0.38% of the stock is owned by insiders.
TRU has been the topic of several analyst reports. Deutsche Bank upped their price target on TransUnion from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, June 1st. JPMorgan Chase & Co. upped their price target on TransUnion from $92.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Credit Suisse Group reissued a “hold” rating on shares of TransUnion in a report on Tuesday, August 11th. Morgan Stanley boosted their price objective on TransUnion from $105.00 to $106.00 and gave the stock an “overweight” rating in a report on Thursday, September 10th. Finally, Robert W. Baird raised TransUnion from a “neutral” rating to an “outperform” rating and set a $101.00 price objective for the company in a report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. TransUnion has a consensus rating of “Buy” and an average price target of $96.80.
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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