BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 4,800 Shares of TransUnion (NYSE:TRU)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in TransUnion (NYSE:TRU) by 12.9% in the third quarter, Holdings Channel reports. The institutional investor owned 32,398 shares of the business services provider’s stock after selling 4,800 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in TransUnion were worth $3,392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TRU. Huntington National Bank boosted its holdings in shares of TransUnion by 84.5% in the third quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock worth $30,000 after acquiring an additional 131 shares during the period. Quarry LP lifted its holdings in TransUnion by 963.0% during the 2nd quarter. Quarry LP now owns 574 shares of the business services provider’s stock worth $43,000 after purchasing an additional 520 shares in the last quarter. Signaturefd LLC boosted its stake in TransUnion by 15.0% in the 3rd quarter. Signaturefd LLC now owns 788 shares of the business services provider’s stock worth $83,000 after purchasing an additional 103 shares during the period. Blue Trust Inc. grew its holdings in TransUnion by 156.6% during the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after buying an additional 523 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of TransUnion by 22.3% during the second 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 period.

TransUnion Stock Performance

TransUnion stock opened at $100.03 on Wednesday. The firm has a fifty day simple moving average of $103.30 and a two-hundred day simple moving average of $90.87. TransUnion has a twelve month low of $58.59 and a twelve month high of $113.17. The company has a market capitalization of $19.50 billion, a PE ratio of 86.98, a P/E/G ratio of 1.38 and a beta of 1.60. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.19.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company earned $0.80 EPS. TransUnion’s revenue for the quarter was up 12.0% compared to the same quarter last year. Research analysts expect that TransUnion will post 3.44 EPS for the current year.

TransUnion Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of TransUnion in a research report on Thursday, October 24th. Stifel Nicolaus raised their price target on shares of TransUnion from $103.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $121.00 price target on shares of TransUnion in a report on Thursday, October 24th. Robert W. Baird lifted their price objective on TransUnion from $104.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Barclays upped their target price on TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TransUnion has a consensus rating of “Moderate Buy” and a consensus target price of $106.38.

Insider Buying and Selling at TransUnion

In related news, insider Todd C. Skinner sold 3,090 shares of TransUnion stock in a transaction on Friday, November 29th. The shares were sold at an average price of $101.48, for a total value of $313,573.20. Following the sale, the insider now owns 24,333 shares in the company, valued at $2,469,312.84. The trade was a 11.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven M. Chaouki sold 1,500 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $105.66, for a total transaction of $158,490.00. Following the completion of the transaction, the insider now owns 62,988 shares of the company’s stock, valued at $6,655,312.08. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,090 shares of company stock worth $1,933,538. 0.28% of the stock is currently owned by company insiders.

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.