Sompo Asset Management Co. Ltd. Lowers Holdings in TransUnion (NYSE:TRU)

Sompo Asset Management Co. Ltd. reduced its position in shares of TransUnion (NYSE:TRU) by 19.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,210 shares of the business services provider’s stock after selling 1,990 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in TransUnion were worth $860,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Huntington National Bank increased its stake in shares of TransUnion by 84.5% during the third quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock valued at $30,000 after buying an additional 131 shares during the period. Quarry LP increased its position in TransUnion by 963.0% during the 2nd quarter. Quarry LP now owns 574 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 520 shares during the period. National Bank of Canada FI raised its holdings in shares of TransUnion by 22.3% in the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 166 shares in the last quarter. Blue Trust Inc. lifted its position in shares of TransUnion by 156.6% in the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after purchasing an additional 523 shares during the period. Finally, Ridgewood Investments LLC bought a new position in shares of TransUnion during the second quarter valued at approximately $75,000.

TransUnion Price Performance

NYSE TRU opened at $99.13 on Friday. The stock’s fifty day moving average price is $103.67 and its 200 day moving average price is $89.61. TransUnion has a 1 year low of $56.85 and a 1 year high of $113.17. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market cap of $19.32 billion, a price-to-earnings ratio of 86.20, a PEG ratio of 1.37 and a beta of 1.62.

TransUnion (NYSE:TRU) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The company’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 earnings per share. As a group, equities research analysts forecast that TransUnion will post 3.46 earnings per share for the current year.

TransUnion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Friday, November 22nd. TransUnion’s dividend payout ratio (DPR) is currently 36.52%.

Analysts Set New Price Targets

A number of research firms have weighed in on TRU. Robert W. Baird upped their target price on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Oppenheimer decreased their price objective on TransUnion from $122.00 to $115.00 and set an “outperform” rating for the company in a research note on Wednesday. Barclays lifted their target price on TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Needham & Company LLC reissued a “hold” rating on shares of TransUnion in a research report on Thursday, October 24th. Finally, Wells Fargo & Company lifted their price objective on shares of TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, TransUnion currently has an average rating of “Moderate Buy” and an average price target of $106.38.

Insider Transactions at TransUnion

In other news, EVP Timothy J. Martin sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $95.65, for a total value of $239,125.00. Following the sale, the executive vice president now owns 49,239 shares in the company, valued at $4,709,710.35. This represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Heather J. Russell sold 3,173 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $303,275.34. Following the sale, the executive vice president now directly owns 19,926 shares in the company, valued at approximately $1,904,527.08. This trade represents a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,315 shares of company stock worth $1,119,897 over the last 90 days. 0.22% of the stock is currently owned by company 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.