Westfield Capital Management Co. LP Boosts Stake in TransUnion (NYSE:TRU)

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Westfield Capital Management Co. LP grew its holdings in shares of TransUnion (NYSE:TRU) by 17.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,331,468 shares of the business services provider’s stock after acquiring an additional 199,538 shares during the period. Westfield Capital Management Co. LP owned about 0.71% of TransUnion worth $97,876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of TransUnion by 30.9% in the first quarter. BlackRock Inc. now owns 13,323,169 shares of the business services provider’s stock worth $890,520,000 after buying an additional 3,143,801 shares during the last quarter. Principal Financial Group Inc. grew its holdings in TransUnion by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 5,656,847 shares of the business services provider’s stock worth $378,104,000 after acquiring an additional 125,231 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of TransUnion by 12.6% in the 1st quarter. William Blair Investment Management LLC now owns 3,167,806 shares of the business services provider’s stock worth $211,736,000 after purchasing an additional 355,272 shares during the last quarter. TimesSquare Capital Management LLC increased its position in shares of TransUnion by 6.0% in the 2nd quarter. TimesSquare Capital Management LLC now owns 2,980,055 shares of the business services provider’s stock worth $219,064,000 after purchasing an additional 168,375 shares during the last quarter. Finally, Pictet Asset Management Ltd. raised its stake in shares of TransUnion by 49.3% in the 2nd quarter. Pictet Asset Management Ltd. now owns 2,072,684 shares of the business services provider’s stock valued at $152,363,000 after purchasing an additional 684,297 shares in the last quarter.

In related news, EVP David E. Wojczynski sold 10,011 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $71.06, for a total transaction of $711,381.66. Following the sale, the executive vice president now owns 44,395 shares of the company’s stock, valued at $3,154,708.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP David E. Wojczynski sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $83.75, for a total value of $418,750.00. Following the completion of the sale, the executive vice president now owns 29,384 shares of the company’s stock, valued at $2,460,910. The disclosure for this sale can be found here. Insiders sold a total of 254,215 shares of company stock valued at $20,967,347 in the last quarter. 0.92% of the stock is currently owned by insiders.

TransUnion stock traded down $3.23 during mid-day trading on Tuesday, hitting $80.20. 1,628,856 shares of the company’s stock traded hands, compared to its average volume of 751,681. The firm has a 50 day moving average price of $82.74 and a 200 day moving average price of $72.03. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.82. The company has a market cap of $15.95 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 3.44 and a beta of 1.00. TransUnion has a one year low of $52.15 and a one year high of $85.50.

TransUnion (NYSE:TRU) last released its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.08. TransUnion had a return on equity of 22.94% and a net margin of 12.84%. The company had revenue of $661.90 million during the quarter, compared to analysts’ expectations of $644.73 million. During the same quarter in the prior year, the business posted $0.62 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, analysts expect that TransUnion will post 2.47 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were given a $0.075 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.30 dividend on an annualized basis and a yield of 0.37%. TransUnion’s dividend payout ratio is presently 12.99%.

A number of research analysts have commented on TRU shares. Zacks Investment Research raised TransUnion from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Monday, July 29th. ValuEngine raised TransUnion from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Deutsche Bank raised their price objective on TransUnion from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Atlantic Securities cut TransUnion from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of TransUnion from $78.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. TransUnion currently has an average rating of “Buy” and an average price target of $79.42.

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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Institutional Ownership by Quarter for TransUnion (NYSE:TRU)

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