TransUnion $TRU Position Reduced by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its position in TransUnion (NYSE:TRU) by 6.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,391 shares of the business services provider’s stock after selling 15,973 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in TransUnion were worth $18,967,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Penserra Capital Management LLC boosted its stake in TransUnion by 12.8% in the 2nd quarter. Penserra Capital Management LLC now owns 1,055 shares of the business services provider’s stock worth $92,000 after purchasing an additional 120 shares during the period. Covestor Ltd boosted its position in shares of TransUnion by 20.9% in the third quarter. Covestor Ltd now owns 735 shares of the business services provider’s stock worth $62,000 after buying an additional 127 shares during the period. DAVENPORT & Co LLC boosted its position in shares of TransUnion by 0.4% in the third quarter. DAVENPORT & Co LLC now owns 33,166 shares of the business services provider’s stock worth $2,779,000 after buying an additional 137 shares during the period. Rovin Capital UT ADV grew its holdings in shares of TransUnion by 2.3% during the third quarter. Rovin Capital UT ADV now owns 6,414 shares of the business services provider’s stock valued at $537,000 after buying an additional 147 shares in the last quarter. Finally, Park Avenue Securities LLC raised its position in TransUnion by 2.2% during the second quarter. Park Avenue Securities LLC now owns 7,193 shares of the business services provider’s stock valued at $633,000 after buying an additional 155 shares during the period.

Insiders Place Their Bets

In other news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $85.71, for a total transaction of $85,710.00. Following the transaction, the insider owned 61,592 shares of the company’s stock, valued at approximately $5,279,050.32. This represents a 1.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Tiffani Chambers sold 4,318 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $86.00, for a total value of $371,348.00. Following the sale, the executive vice president directly owned 50,427 shares of the company’s stock, valued at $4,336,722. The trade was a 7.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,318 shares of company stock valued at $704,958 over the last quarter. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TRU. Seaport Research Partners upgraded TransUnion to a “hold” rating in a research report on Wednesday, October 1st. Stifel Nicolaus set a $103.00 price target on shares of TransUnion in a report on Friday, October 24th. UBS Group set a $90.00 price objective on shares of TransUnion and gave the company a “neutral” rating in a research note on Friday, October 24th. Needham & Company LLC reissued a “buy” rating and set a $115.00 target price on shares of TransUnion in a research note on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of TransUnion in a report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.08.

TransUnion Stock Performance

TRU stock opened at $85.00 on Tuesday. The firm has a 50 day moving average of $84.67 and a two-hundred day moving average of $86.00. TransUnion has a 12 month low of $66.38 and a 12 month high of $101.19. The company has a market capitalization of $16.51 billion, a price-to-earnings ratio of 39.72, a P/E/G ratio of 1.58 and a beta of 1.72. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.10.

TransUnion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Friday, November 21st were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, November 21st. TransUnion’s dividend payout ratio is presently 21.50%.

TransUnion Profile

TransUnion is a global information and insights company that helps businesses and consumers make critical decisions using data and analytics. As one of the three major credit bureaus in the United States, TransUnion collects and aggregates credit information on individuals and businesses, providing credit reports, risk scores and portfolio management tools to financial institutions, lenders, landlords and other decision makers. Its consumer-facing products enable individuals to monitor credit status, detect identity theft and access personalized financial insights.

The company’s offerings span credit risk assessment, identity management, fraud prevention and marketing solutions.