Seven Eight Capital LP Increases Holdings in TransUnion (NYSE:TRU)

Seven Eight Capital LP raised its stake in shares of TransUnion (NYSE:TRUFree Report) by 242.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,933 shares of the business services provider’s stock after buying an additional 10,575 shares during the period. Seven Eight Capital LP’s holdings in TransUnion were worth $1,072,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TRU. Meritage Group LP bought a new stake in shares of TransUnion during the 2nd quarter valued at $255,046,000. Norges Bank bought a new stake in shares of TransUnion during the 4th quarter valued at $119,620,000. Price T Rowe Associates Inc. MD boosted its holdings in TransUnion by 12.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,668,211 shares of the business services provider’s stock worth $718,921,000 after buying an additional 1,404,564 shares during the period. Millennium Management LLC boosted its holdings in TransUnion by 140.3% in the 4th quarter. Millennium Management LLC now owns 2,195,872 shares of the business services provider’s stock worth $124,616,000 after buying an additional 1,281,942 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in TransUnion by 5.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 23,101,403 shares of the business services provider’s stock worth $1,311,005,000 after buying an additional 1,242,868 shares during the period.

Analyst Ratings Changes

TRU has been the subject of several recent analyst reports. Truist Financial upped their target price on shares of TransUnion from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Jefferies Financial Group upped their target price on shares of TransUnion from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $85.00 target price on shares of TransUnion in a report on Wednesday, February 14th. The Goldman Sachs Group boosted their price target on shares of TransUnion from $63.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, December 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of TransUnion from $69.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.64.

Check Out Our Latest Research Report on TRU

TransUnion Price Performance

NYSE TRU opened at $79.19 on Friday. The company has a market cap of $15.36 billion, a PE ratio of -53.15, a P/E/G ratio of 1.23 and a beta of 1.61. TransUnion has a 52-week low of $42.09 and a 52-week high of $82.75. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.47 and a current ratio of 1.47. The firm’s 50 day moving average price is $71.30 and its 200-day moving average price is $68.04.

TransUnion (NYSE:TRUGet Free Report) last announced its earnings results on Tuesday, February 13th. The business services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.08. The company had revenue of $954.00 million during the quarter, compared to the consensus estimate of $927.04 million. TransUnion had a negative net margin of 7.50% and a positive return on equity of 13.58%. TransUnion’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $0.70 earnings per share. Sell-side analysts forecast that TransUnion will post 3.3 EPS for the current fiscal year.

TransUnion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Thursday, March 7th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.53%. TransUnion’s dividend payout ratio is currently -28.19%.

Insiders Place Their Bets

In related news, EVP Timothy J. Martin sold 12,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total transaction of $943,080.00. Following the completion of the transaction, the executive vice president now owns 54,522 shares of the company’s stock, valued at $4,284,883.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.22% of the company’s stock.

TransUnion Company Profile

(Free Report)

TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates in three segments: U.S. Markets, International, and Consumer Interactive. 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.

Recommended Stories

Institutional Ownership by Quarter for TransUnion (NYSE:TRU)

Receive News & Ratings for TransUnion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransUnion and related companies with MarketBeat.com's FREE daily email newsletter.