Nordea Investment Management AB Grows Stake in TransUnion $TRU

Nordea Investment Management AB grew its position in TransUnion (NYSE:TRU) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,831 shares of the business services provider’s stock after purchasing an additional 1,627 shares during the quarter. Nordea Investment Management AB’s holdings in TransUnion were worth $1,479,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TRU. Blue Trust Inc. grew its holdings in shares of TransUnion by 65.7% during the first quarter. Blue Trust Inc. now owns 1,173 shares of the business services provider’s stock valued at $97,000 after buying an additional 465 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of TransUnion during the first quarter valued at $468,000. Asset Management One Co. Ltd. grew its holdings in shares of TransUnion by 6.2% during the first quarter. Asset Management One Co. Ltd. now owns 72,428 shares of the business services provider’s stock valued at $6,011,000 after buying an additional 4,218 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of TransUnion by 38.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 287,000 shares of the business services provider’s stock valued at $23,818,000 after buying an additional 79,907 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of TransUnion by 9.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 442,009 shares of the business services provider’s stock valued at $37,067,000 after buying an additional 39,481 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TRU. Weiss Ratings reissued a “hold (c)” rating on shares of TransUnion in a report on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and set a $115.00 price objective on shares of TransUnion in a report on Monday. BMO Capital Markets boosted their target price on shares of TransUnion from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Oppenheimer initiated coverage on shares of TransUnion in a research report on Monday, October 13th. They set an “outperform” rating and a $93.00 target price for the company. Finally, UBS Group restated a “neutral” rating and set a $105.00 target price (up from $98.00) on shares of TransUnion in a research report on Friday, July 25th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, TransUnion currently has an average rating of “Moderate Buy” and an average target price of $105.00.

Insiders Place Their Bets

In other TransUnion news, CAO Jennifer A. Williams sold 972 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $92.89, for a total value of $90,289.08. Following the completion of the transaction, the chief accounting officer owned 7,108 shares in the company, valued at approximately $660,262.12. This represents a 12.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Heather J. Russell sold 5,337 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $90.01, for a total transaction of $480,383.37. Following the completion of the transaction, the executive vice president owned 23,011 shares of the company’s stock, valued at approximately $2,071,220.11. This trade represents a 18.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,309 shares of company stock worth $919,839. Company insiders own 0.22% of the company’s stock.

TransUnion Trading Up 3.2%

Shares of TransUnion stock opened at $83.28 on Friday. The firm has a 50-day simple moving average of $85.46 and a two-hundred day simple moving average of $86.27. The company has a market cap of $16.22 billion, a P/E ratio of 41.64, a price-to-earnings-growth ratio of 2.15 and a beta of 1.71. TransUnion has a fifty-two week low of $66.38 and a fifty-two week high of $109.99. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.02 and a current ratio of 2.03.

TransUnion (NYSE:TRU) last issued its quarterly earnings data 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 business had revenue of $1.14 billion during 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 company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 earnings per share. As a group, equities analysts predict that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Friday, August 22nd were given a $0.115 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.6%. TransUnion’s dividend payout ratio is 23.00%.

About TransUnion

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.