Massachusetts Financial Services Co. MA Has $2.01 Billion Holdings in TransUnion (NYSE:TRU)

Massachusetts Financial Services Co. MA grew its position in shares of TransUnion (NYSE:TRU) by 17.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,180,562 shares of the business services provider’s stock after buying an additional 2,840,800 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 9.84% of TransUnion worth $2,008,205,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co grew its position in TransUnion by 3.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 179,865 shares of the business services provider’s stock worth $14,369,000 after acquiring an additional 6,270 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of TransUnion by 2.4% during the first quarter. California State Teachers Retirement System now owns 327,518 shares of the business services provider’s stock worth $26,136,000 after purchasing an additional 7,636 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of TransUnion by 24.1% in the second quarter. Victory Capital Management Inc. now owns 3,468,854 shares of the business services provider’s stock valued at $257,250,000 after buying an additional 674,187 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of TransUnion by 12.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,308,028 shares of the business services provider’s stock valued at $136,951,000 after buying an additional 140,952 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in TransUnion by 156.6% during the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after buying an additional 523 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TRU shares. Robert W. Baird raised their price target on shares of TransUnion from $104.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Oppenheimer dropped their price objective on TransUnion from $122.00 to $115.00 and set an “outperform” rating for the company in a report on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a report on Thursday, October 24th. The Goldman Sachs Group upped their price objective on TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Finally, UBS Group assumed coverage on shares of TransUnion in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $106.38.

TransUnion Stock Performance

TRU opened at $96.74 on Thursday. 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 market capitalization of $18.85 billion, a PE ratio of 84.12, a price-to-earnings-growth ratio of 1.32 and a beta of 1.62. The business has a fifty day simple moving average of $103.68 and a 200 day simple moving average of $89.41. TransUnion has a 1 year low of $56.85 and a 1 year high of $113.17.

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 for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company posted $0.80 earnings per share. TransUnion’s revenue was up 12.0% compared to the same quarter last year. Research analysts expect that TransUnion will post 3.46 EPS for the current year.

TransUnion Announces Dividend

The company also recently announced 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. This represents a $0.42 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Friday, November 22nd. TransUnion’s payout ratio is presently 36.52%.

Insider Transactions at TransUnion

In other news, EVP Timothy J. Martin sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $95.65, for a total value of $239,125.00. Following the sale, the executive vice president now directly owns 49,239 shares in the company, valued at approximately $4,709,710.35. This trade represents a 4.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Heather J. Russell sold 3,173 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction of $303,275.34. Following the transaction, the executive vice president now owns 19,926 shares of the company’s stock, valued at approximately $1,904,527.08. This represents a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,315 shares of company stock valued at $1,119,897. Company insiders own 0.22% of the company’s stock.

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.