TD Asset Management Inc Purchases 110,131 Shares of TransUnion $TRU

Key Points

• TD Asset Management Inc increased its stake in TransUnion by 36.0%, acquiring an additional 110,131 shares during the second quarter, bringing its total holdings to approximately $36.6 million.
• Several large investors, including Wellington Management Group and Massachusetts Financial Services, have significantly increased their positions in TransUnion, indicating heightened institutional interest in the business services provider.
• TransUnion's stock has a current average target price of $108.15 as analysts rate it a "Moderate Buy," following adjustments from various financial institutions, highlighting mixed sentiments within the market.

TD Asset Management Inc raised its stake in TransUnion (NYSE:TRU - Free Report) by 36.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 415,776 shares of the business services provider's stock after acquiring an additional 110,131 shares during the quarter. TD Asset Management Inc owned approximately 0.21% of TransUnion worth $36,588,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in TransUnion by 61.2% in the 1st quarter. Wellington Management Group LLP now owns 10,877,953 shares of the business services provider's stock valued at $902,761,000 after purchasing an additional 4,128,104 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of TransUnion by 10.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 21,674,473 shares of the business services provider's stock worth $1,798,765,000 after purchasing an additional 2,134,342 shares during the period. Nuveen LLC bought a new position in TransUnion in the first quarter valued at $55,607,000. Spear Holdings RSC Ltd purchased a new stake in TransUnion during the second quarter valued at about $46,128,000. Finally, Victory Capital Management Inc. boosted its position in TransUnion by 15.3% during the first quarter. Victory Capital Management Inc. now owns 3,146,693 shares of the business services provider's stock valued at $261,144,000 after buying an additional 418,693 shares during the period.

Analysts Set New Price Targets

TRU has been the subject of a number of research reports. Needham & Company LLC raised shares of TransUnion from a "hold" rating to a "buy" rating and set a $115.00 price target for the company in a research note on Wednesday, September 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of TransUnion in a research note on Wednesday, October 8th. UBS Group reissued a "neutral" rating and set a $105.00 price target (up previously from $98.00) on shares of TransUnion in a research report on Friday, July 25th. The Goldman Sachs Group cut their target price on shares of TransUnion from $96.00 to $83.00 and set a "neutral" rating for the company in a research report on Thursday, October 2nd. Finally, Wells Fargo & Company cut their target price on shares of TransUnion from $124.00 to $118.00 and set an "overweight" rating for the company in a research report on Friday, July 25th. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $108.15.

Insider Transactions at TransUnion

In other news, CAO Jennifer A. Williams sold 755 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $88.46, for a total value of $66,787.30. Following the completion of the sale, the chief accounting officer owned 5,691 shares of the company's stock, valued at approximately $503,425.86. This represents a 11.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $83.19, for a total transaction of $83,190.00. Following the sale, the insider directly owned 64,592 shares of the company's stock, valued at $5,373,408.48. The trade was a 1.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,309 shares of company stock valued at $919,839. Company insiders own 0.22% of the company's stock.

TransUnion Stock Down 1.4%

Shares of TRU stock opened at $78.31 on Friday. The company's fifty day simple moving average is $86.34 and its two-hundred day simple moving average is $86.15. TransUnion has a 52 week low of $66.38 and a 52 week high of $113.17. The company has a quick ratio of 2.02, a current ratio of 2.03 and a debt-to-equity ratio of 1.09. The stock has a market cap of $15.25 billion, a P/E ratio of 39.16, a PEG ratio of 2.14 and a beta of 1.71.

TransUnion (NYSE:TRU - Get Free Report) last posted its earnings results on Thursday, July 24th. The business services provider reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.09. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. TransUnion had a net margin of 8.99% and a return on equity of 16.08%. The business's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 EPS. TransUnion has set its FY 2025 guidance at 4.030-4.140 EPS. Q3 2025 guidance at 0.990-1.040 EPS. Analysts predict that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Friday, August 22nd were given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 22nd. TransUnion's dividend payout ratio is presently 23.00%.

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.

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