Victory Capital Management Inc. Grows Stock Holdings in TransUnion (NYSE:TRU)

Victory Capital Management Inc. raised its position in shares of TransUnion (NYSE:TRU - Free Report) by 15.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,146,693 shares of the business services provider's stock after buying an additional 418,693 shares during the quarter. Victory Capital Management Inc. owned about 1.61% of TransUnion worth $261,144,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of TransUnion by 52.5% during the fourth quarter. Wellington Management Group LLP now owns 6,749,849 shares of the business services provider's stock valued at $625,779,000 after purchasing an additional 2,323,339 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of TransUnion by 10.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 21,674,473 shares of the business services provider's stock valued at $1,798,765,000 after purchasing an additional 2,134,342 shares during the last quarter. Norges Bank bought a new position in TransUnion in the 4th quarter worth approximately $180,011,000. Point72 Asset Management L.P. bought a new position in TransUnion in the 4th quarter worth approximately $74,283,000. Finally, FMR LLC grew its holdings in TransUnion by 11.1% in the 4th quarter. FMR LLC now owns 5,044,865 shares of the business services provider's stock worth $467,709,000 after buying an additional 503,969 shares in the last quarter.

Insiders Place Their Bets

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction on Tuesday, July 1st. The shares were 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 of the company's stock, valued at approximately $6,482,606.02. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $255,010 in the last quarter. Company insiders own 0.22% of the company's stock.

TransUnion Stock Up 0.5%

Shares of NYSE:TRU traded up $0.48 during midday trading on Friday, hitting $93.44. 278,253 shares of the stock were exchanged, compared to its average volume of 1,817,928. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.05 and a current ratio of 2.05. TransUnion has a 52-week low of $66.38 and a 52-week high of $113.17. The business's fifty day simple moving average is $88.24 and its two-hundred day simple moving average is $87.65. The company has a market capitalization of $18.23 billion, a PE ratio of 49.84, a P/E/G ratio of 2.49 and a beta of 1.63.

TransUnion (NYSE:TRU - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. TransUnion had a net margin of 8.63% and a return on equity of 16.18%. TransUnion's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. As a group, research analysts predict that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.46 annualized dividend and a dividend yield of 0.49%. TransUnion's dividend payout ratio is presently 24.47%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TRU. William Blair reissued an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. Barclays decreased their price objective on TransUnion from $105.00 to $85.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Wall Street Zen raised TransUnion from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Wells Fargo & Company decreased their price target on TransUnion from $130.00 to $117.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Oppenheimer set a $108.00 price target on TransUnion and gave the company an "outperform" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $110.64.

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.