Franklin Resources Inc. cut its holdings in shares of TransUnion (NYSE:TRU – Get Rating) by 1.9% during the 2nd quarter, Holdings Channel reports. The firm owned 1,310,885 shares of the business services provider’s stock after selling 25,316 shares during the period. Franklin Resources Inc.’s holdings in TransUnion were worth $104,857,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in the business. Rhumbline Advisers increased its holdings in shares of TransUnion by 12.1% during the second quarter. Rhumbline Advisers now owns 189,600 shares of the business services provider’s stock worth $15,166,000 after purchasing an additional 20,447 shares during the period. Bridgewater Associates LP increased its stake in TransUnion by 27.1% in the second quarter. Bridgewater Associates LP now owns 13,254 shares of the business services provider’s stock valued at $1,060,000 after acquiring an additional 2,828 shares during the last quarter. FORA Capital LLC bought a new position in TransUnion in the second quarter valued at approximately $820,000. Bradley Foster & Sargent Inc. CT bought a new position in TransUnion in the second quarter valued at approximately $1,234,000. Finally, Forsta AP Fonden increased its stake in TransUnion by 0.9% in the second quarter. Forsta AP Fonden now owns 44,800 shares of the business services provider’s stock valued at $3,584,000 after acquiring an additional 400 shares during the last quarter. 98.39% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
TRU has been the topic of a number of recent analyst reports. Barclays decreased their price objective on shares of TransUnion from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 4th. Stifel Nicolaus decreased their price objective on shares of TransUnion from $95.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, October 24th. The Goldman Sachs Group decreased their price objective on shares of TransUnion from $85.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, October 27th. Wells Fargo & Company decreased their price objective on shares of TransUnion from $86.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 26th. Finally, Atlantic Securities cut their target price on shares of TransUnion from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, September 22nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.
TransUnion Price Performance
TransUnion (NYSE:TRU – Get Rating) last issued its quarterly earnings results on Tuesday, October 25th. The business services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The company had revenue of $938.20 million for the quarter, compared to analyst estimates of $944.27 million. TransUnion had a net margin of 34.48% and a return on equity of 15.58%. Sell-side analysts predict that TransUnion will post 3.36 earnings per share for the current year.
TransUnion Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 17th will be issued a $0.105 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $0.42 annualized dividend and a yield of 0.68%. TransUnion’s payout ratio is 6.54%.
TransUnion 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 analytics to 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 mitigate fraud risk.
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