Westfield Capital Management Co. LP Has $68.88 Million Holdings in TransUnion (NYSE:TRU)

Key Points

• Westfield Capital Management Co. LP has reduced its stake in TransUnion by 21.8%, now holding approximately 0.43% of the company with a valuation of $68.88 million.
• TransUnion recently reported earnings of $1.08 per share, exceeding analysts' expectations, and saw a 9.5% increase in revenue compared to the previous year.
• Analysts have set a new consensus price target for TransUnion at $112.46, signaling a general sentiment of "Moderate Buy".

Westfield Capital Management Co. LP cut its position in TransUnion (NYSE:TRU - Free Report) by 21.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 830,028 shares of the business services provider's stock after selling 231,372 shares during the quarter. Westfield Capital Management Co. LP owned approximately 0.43% of TransUnion worth $68,884,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in shares of TransUnion by 105.3% during the 1st quarter. Fifth Third Bancorp now owns 423 shares of the business services provider's stock worth $35,000 after purchasing an additional 217 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in TransUnion during the fourth quarter worth $40,000. Huntington National Bank raised its stake in TransUnion by 58.7% during the 4th quarter. Huntington National Bank now owns 454 shares of the business services provider's stock valued at $42,000 after purchasing an additional 168 shares during the last quarter. Private Trust Co. NA boosted its holdings in TransUnion by 194.1% in the 1st quarter. Private Trust Co. NA now owns 553 shares of the business services provider's stock valued at $46,000 after purchasing an additional 365 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in shares of TransUnion during the 4th quarter worth about $47,000.

Insider Activity

In related news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $87.14, for a total value of $87,140.00. Following the completion of the sale, the insider directly owned 74,393 shares in the company, valued at $6,482,606.02. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by company insiders.

TransUnion Price Performance

Shares of NYSE:TRU traded down $2.57 during midday trading on Tuesday, reaching $91.02. The company's stock had a trading volume of 1,541,156 shares, compared to its average volume of 2,372,526. The business's fifty day simple moving average is $90.12 and its 200-day simple moving average is $87.93. The company has a market capitalization of $17.73 billion, a P/E ratio of 45.51, a P/E/G ratio of 2.61 and a beta of 1.65. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.03 and a quick ratio of 2.02. TransUnion has a fifty-two week low of $66.38 and a fifty-two week high of $113.17.

TransUnion (NYSE:TRU - Get Free Report) last announced its earnings results on Thursday, July 24th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.09. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. TransUnion had a net margin of 8.99% and a return on equity of 16.08%. TransUnion's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 earnings per share. As a group, equities research analysts expect that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Thursday, May 22nd were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, May 22nd. TransUnion's dividend payout ratio is 23.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TRU shares. Stifel Nicolaus reduced their target price on shares of TransUnion from $120.00 to $112.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Oppenheimer upped their target price on TransUnion from $100.00 to $108.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. UBS Group reiterated a "neutral" rating and set a $105.00 price target (up previously from $98.00) on shares of TransUnion in a research note on Friday, July 25th. Wall Street Zen lowered shares of TransUnion from a "buy" rating to a "hold" rating in a report on Sunday. Finally, Wells Fargo & Company decreased their target price on shares of TransUnion from $124.00 to $118.00 and set an "overweight" rating on the stock in a research report on Friday, July 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $112.46.

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.