Parnassus Investments LLC Sells 40,164 Shares of TransUnion (NYSE:TRU)

Parnassus Investments LLC decreased its stake in shares of TransUnion (NYSE:TRU) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,249,071 shares of the business services provider’s stock after selling 40,164 shares during the period. Parnassus Investments LLC owned approximately 0.64% of TransUnion worth $130,778,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank boosted its stake in TransUnion by 84.5% in the 3rd quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock worth $30,000 after purchasing an additional 131 shares during the period. Quarry LP grew its holdings in shares of TransUnion by 963.0% during the second quarter. Quarry LP now owns 574 shares of the business services provider’s stock worth $43,000 after buying an additional 520 shares in the last quarter. National Bank of Canada FI raised its position in TransUnion by 22.3% in the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock valued at $66,000 after buying an additional 166 shares during the last quarter. Blue Trust Inc. lifted its stake in TransUnion by 156.6% in the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 523 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in TransUnion during the 2nd quarter worth approximately $75,000.

TransUnion Trading Up 1.3 %

TRU stock opened at $96.93 on Tuesday. The stock has a market cap of $18.89 billion, a price-to-earnings ratio of 84.29, a price-to-earnings-growth ratio of 1.30 and a beta of 1.62. TransUnion has a one year low of $56.85 and a one year high of $113.17. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68. The company has a fifty day moving average price of $103.65 and a two-hundred day moving average price of $89.06.

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

TransUnion Announces Dividend

The firm 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 dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, November 22nd. TransUnion’s payout ratio is presently 36.52%.

Insider Buying and Selling

In other TransUnion news, CAO Jennifer A. Williams sold 405 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $38,709.90. Following the completion of the transaction, the chief accounting officer now directly owns 7,186 shares in the company, valued at approximately $686,837.88. This trade represents a 5.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $95.65, for a total transaction of $95,650.00. Following the sale, the insider now directly owns 64,488 shares in the company, valued at $6,168,277.20. The trade was a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,315 shares of company stock worth $1,119,897 in the last ninety days. 0.28% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Robert W. Baird boosted their price target on shares of TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and issued a $121.00 price objective on shares of TransUnion in a report on Thursday, October 24th. Barclays upped 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. Finally, Wolfe Research upgraded TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price target for the company in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.81.

TransUnion 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.