CenterBook Partners LP Makes New Investment in TransUnion $TRU

CenterBook Partners LP purchased a new position in shares of TransUnion (NYSE:TRU - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,691 shares of the business services provider's stock, valued at approximately $1,326,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Nykredit A S bought a new position in TransUnion during the second quarter worth about $4,226,000. Junto Capital Management LP acquired a new stake in shares of TransUnion in the second quarter valued at approximately $78,975,000. Evergreen Capital Management LLC bought a new position in shares of TransUnion during the 3rd quarter worth approximately $532,000. Bank of America Corp DE boosted its stake in shares of TransUnion by 9.4% during the 1st quarter. Bank of America Corp DE now owns 1,447,914 shares of the business services provider's stock worth $100,181,000 after acquiring an additional 124,294 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of TransUnion during the 2nd quarter worth approximately $1,904,000.

Insider Activity

In other news, EVP Mohamed Abdelsadek sold 1,250 shares of TransUnion stock in a transaction on Monday, September 14th. The stock was sold at an average price of $79.07, for a total transaction of $98,837.50. Following the completion of the sale, the executive vice president owned 53,431 shares of the company's stock, valued at approximately $4,224,789.17. This trade represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Skinner sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $84.42, for a total transaction of $84,420.00. Following the completion of the sale, the insider directly owned 55,764 shares of the company's stock, valued at approximately $4,707,596.88. The trade was a 1.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 32,754 shares of company stock worth $2,519,384. Corporate insiders own 0.37% of the company's stock.

Analyst Ratings Changes

TRU has been the topic of a number of research analyst reports. Barclays dropped their price target on TransUnion from $85.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Friday, October 2nd. Royal Bank Of Canada reduced their price objective on shares of TransUnion from $100.00 to $92.00 and set an "outperform" rating for the company in a research report on Friday, October 16th. Mizuho reduced their price objective on shares of TransUnion from $77.00 to $74.00 and set a "neutral" rating for the company in a research report on Monday, October 19th. The Goldman Sachs Group upped their price objective on shares of TransUnion from $68.00 to $78.00 and gave the company a "neutral" rating in a report on Wednesday, October 28th. Finally, Rothschild & Co Redburn lowered shares of TransUnion from a "buy" rating to a "neutral" rating and increased their price objective for the company from $89.00 to $91.00 in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $90.72.

TransUnion Trading Up 2.4%

Shares of NYSE:TRU opened at $83.10 on Tuesday. TransUnion has a 12-month low of $60.96 and a 12-month high of $89.12. The business has a 50 day moving average of $74.06 and a 200-day moving average of $74.16. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.07. The stock has a market cap of $15.85 billion, a PE ratio of 20.22, a P/E/G ratio of 1.56 and a beta of 1.56.

TransUnion (NYSE:TRU - Get Free Report) last announced its earnings results on Tuesday, October 27th. The business services provider reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.04. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. TransUnion had a return on equity of 16.51% and a net margin of 15.83%. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. As a group, equities research analysts forecast that TransUnion will post 4.27 earnings per share for the current year.

TransUnion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.1350 per share. This represents a $0.54 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, November 10th. This is a positive change from TransUnion's previous quarterly dividend of $0.1250. TransUnion's dividend payout ratio (DPR) is 12.17%.

TransUnion Profile

TransUnion is a global information and insights company that helps businesses assess risk, prevent fraud and make informed decisions. Its services include credit reporting and scoring, identity verification, fraud detection, and data and analytics solutions for industries such as financial services, retail, insurance and telecommunications.

The company also provides consumers with access to credit information and tools to monitor and manage their financial identities. Its offerings include credit reports, credit monitoring and identity-protection services.

Founded in 1968, TransUnion is headquartered in Chicago and serves customers in more than 30 countries.

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