Manning & Napier Advisors LLC Reduces Holdings in TransUnion (NYSE:TRU)

Manning & Napier Advisors LLC reduced its position in TransUnion (NYSE:TRU) by 5.7% in the 4th quarter, Holdings Channel reports. The fund owned 1,472,558 shares of the business services provider’s stock after selling 89,307 shares during the period. TransUnion makes up about 1.6% of Manning & Napier Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Manning & Napier Advisors LLC’s holdings in TransUnion were worth $136,521,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Huntington National Bank grew its stake in TransUnion by 84.5% in the 3rd quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock worth $30,000 after acquiring an additional 131 shares during the period. Versant Capital Management Inc grew its stake in TransUnion by 82.1% in the 4th quarter. Versant Capital Management Inc now owns 428 shares of the business services provider’s stock worth $40,000 after acquiring an additional 193 shares during the period. True Wealth Design LLC grew its stake in TransUnion by 4,590.0% in the 3rd quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock worth $49,000 after acquiring an additional 459 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in TransUnion in the 4th quarter worth approximately $44,000. Finally, Quarry LP grew its stake in TransUnion by 963.0% in the 2nd quarter. Quarry LP now owns 574 shares of the business services provider’s stock worth $43,000 after acquiring an additional 520 shares during the period.

Insider Transactions at TransUnion

In other news, Director George M. Awad sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.00, for a total value of $1,200,000.00. Following the completion of the sale, the director now directly owns 27,026 shares of the company’s stock, valued at approximately $2,702,600. This represents a 30.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Todd C. Skinner sold 3,090 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $101.48, for a total transaction of $313,573.20. Following the sale, the insider now directly owns 24,333 shares of the company’s stock, valued at approximately $2,469,312.84. This represents a 11.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,090 shares of company stock valued at $1,916,758. Company insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

TRU has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their price target on shares of TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Royal Bank of Canada restated an “outperform” rating and set a $121.00 target price on shares of TransUnion in a report on Thursday, October 24th. Oppenheimer reduced their target price on shares of TransUnion from $115.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Wells Fargo & Company reduced their target price on shares of TransUnion from $135.00 to $126.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, Wolfe Research upgraded shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a report on Thursday, October 10th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, TransUnion presently has an average rating of “Moderate Buy” and a consensus price target of $108.00.

TransUnion Stock Performance

NYSE TRU traded down $0.50 on Wednesday, hitting $97.72. The stock had a trading volume of 58,281 shares, compared to its average volume of 1,335,051. TransUnion has a one year low of $66.07 and a one year high of $113.17. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.19. The stock has a market cap of $19.04 billion, a price-to-earnings ratio of 84.98, a P/E/G ratio of 1.16 and a beta of 1.62. The company’s 50-day moving average is $95.92 and its two-hundred day moving average is $96.65.

TransUnion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 22nd were given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Friday, November 22nd. TransUnion’s dividend payout ratio (DPR) is 36.52%.

TransUnion Company Profile

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.