Schonfeld Strategic Advisors LLC Reduces Holdings in TransUnion (NYSE:TRU)
Schonfeld Strategic Advisors LLC reduced its stake in shares of TransUnion (NYSE:TRU) by 93.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,800 shares of the business services provider’s stock after selling 125,794 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in TransUnion were worth $753,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its position in shares of TransUnion by 9.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,785,711 shares of the business services provider’s stock worth $409,704,000 after purchasing an additional 418,899 shares in the last quarter. State Street Corp increased its holdings in shares of TransUnion by 1.3% in the 4th quarter. State Street Corp now owns 3,861,764 shares of the business services provider’s stock valued at $330,606,000 after acquiring an additional 48,193 shares during the period. Pictet Asset Management Ltd. increased its holdings in shares of TransUnion by 1.1% in the 4th quarter. Pictet Asset Management Ltd. now owns 1,812,437 shares of the business services provider’s stock valued at $155,163,000 after acquiring an additional 19,331 shares during the period. TCW Group Inc. raised its position in TransUnion by 0.9% in the 4th quarter. TCW Group Inc. now owns 1,784,759 shares of the business services provider’s stock valued at $152,794,000 after purchasing an additional 15,384 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in TransUnion by 0.7% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,713,212 shares of the business services provider’s stock valued at $146,668,000 after purchasing an additional 11,521 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.
In other TransUnion news, insider David M. Neenan sold 37,948 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $81.50, for a total value of $3,092,762.00. Following the sale, the insider now owns 226,698 shares of the company’s stock, valued at $18,475,887. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven M. Chaouki sold 9,814 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $90.99, for a total value of $892,975.86. Following the completion of the sale, the insider now directly owns 43,883 shares in the company, valued at approximately $3,992,914.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,653 shares of company stock valued at $7,944,382. 0.92% of the stock is currently owned by corporate insiders.
TransUnion (NYSE:TRU) last posted its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.05. The firm had revenue of $686.00 million for the quarter, compared to the consensus estimate of $674.23 million. TransUnion had a return on equity of 22.88% and a net margin of 13.06%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share. Equities analysts predict that TransUnion will post 2.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a $0.075 dividend. The ex-dividend date is Thursday, March 12th. This represents a $0.30 dividend on an annualized basis and a yield of 0.42%. TransUnion’s dividend payout ratio (DPR) is presently 11.76%.
Several research analysts have issued reports on the stock. Stifel Nicolaus raised their price objective on shares of TransUnion from $96.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Robert W. Baird lowered TransUnion from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $109.00 to $76.00 in a report on Friday, March 13th. Deutsche Bank dropped their price target on TransUnion from $105.00 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. Morgan Stanley upped their price objective on TransUnion from $100.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada assumed coverage on TransUnion in a research report on Wednesday, February 26th. They set an “outperform” rating and a $110.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $97.90.
TransUnion Company Profile
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.
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