Mackenzie Financial Corp Increases Stock Position in TransUnion (NYSE:TRU)

Mackenzie Financial Corp grew its position in TransUnion (NYSE:TRU) by 531.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 353,109 shares of the business services provider’s stock after purchasing an additional 297,180 shares during the period. Mackenzie Financial Corp’s holdings in TransUnion were worth $24,262,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TRU. Norges Bank bought a new position in TransUnion during the fourth quarter valued at about $119,620,000. Price T Rowe Associates Inc. MD grew its position in TransUnion by 12.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,668,211 shares of the business services provider’s stock valued at $718,921,000 after buying an additional 1,404,564 shares during the period. Millennium Management LLC grew its position in TransUnion by 140.3% during the fourth quarter. Millennium Management LLC now owns 2,195,872 shares of the business services provider’s stock valued at $124,616,000 after buying an additional 1,281,942 shares during the period. T. Rowe Price Investment Management Inc. grew its position in TransUnion by 5.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 23,101,403 shares of the business services provider’s stock valued at $1,311,005,000 after buying an additional 1,242,868 shares during the period. Finally, Morgan Stanley grew its position in TransUnion by 23.7% during the third quarter. Morgan Stanley now owns 4,923,690 shares of the business services provider’s stock valued at $353,472,000 after buying an additional 942,924 shares during the period.

Analyst Upgrades and Downgrades

TRU has been the subject of several research reports. Needham & Company LLC increased their price target on shares of TransUnion from $75.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Jefferies Financial Group increased their price target on shares of TransUnion from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Truist Financial lifted their target price on shares of TransUnion from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. lifted their target price 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. Finally, The Goldman Sachs Group lifted their target price 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. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $81.47.

TransUnion Stock Performance

Shares of NYSE:TRU opened at $69.61 on Thursday. The company has a 50 day moving average of $76.79 and a 200 day moving average of $67.91. TransUnion has a 12 month low of $42.09 and a 12 month high of $82.75. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.28.

TransUnion (NYSE:TRU) last issued its quarterly earnings data on Tuesday, February 13th. The business services provider reported $0.80 EPS 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 analysts’ expectations 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 for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 earnings per share. On average, sell-side analysts expect that TransUnion will post 3.31 EPS for the current fiscal year.

TransUnion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, March 7th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.42 annualized dividend and a yield of 0.60%. TransUnion’s payout ratio is presently -28.19%.

Insider Buying and Selling at TransUnion

In other TransUnion news, EVP Timothy J. Martin sold 12,000 shares of TransUnion stock in a transaction that occurred 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 sale, the executive vice president now directly owns 54,522 shares in the company, valued at $4,284,883.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other TransUnion news, EVP Timothy J. Martin sold 12,000 shares of TransUnion stock in a transaction that occurred 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 sale, the executive vice president now directly owns 54,522 shares in the company, valued at $4,284,883.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Richard Dane Mauldin sold 1,500 shares of TransUnion stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $78.10, for a total transaction of $117,150.00. Following the sale, the executive vice president now owns 22,033 shares of the company’s stock, valued at $1,720,777.30. The disclosure for this sale can be found here. Insiders sold a total of 15,275 shares of company stock worth $1,204,538 over the last three months. 0.22% of the stock is owned by insiders.

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.