Mackenzie Financial Corp Acquires 297,180 Shares of TransUnion (NYSE:TRU)

Mackenzie Financial Corp raised its holdings in TransUnion (NYSE:TRU) by 531.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 353,109 shares of the business services provider’s stock after acquiring an additional 297,180 shares during the quarter. Mackenzie Financial Corp owned about 0.18% of TransUnion worth $24,262,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRU. Headlands Technologies LLC bought a new position in TransUnion in the third quarter valued at approximately $27,000. First Horizon Advisors Inc. raised its holdings in TransUnion by 166.3% in the first quarter. First Horizon Advisors Inc. now owns 474 shares of the business services provider’s stock worth $29,000 after purchasing an additional 296 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in TransUnion by 36.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 843 shares of the business services provider’s stock worth $48,000 after purchasing an additional 227 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in TransUnion in the first quarter worth $49,000. Finally, KB Financial Partners LLC raised its holdings in TransUnion by 86.5% in the first quarter. KB Financial Partners LLC now owns 485 shares of the business services provider’s stock worth $50,000 after purchasing an additional 225 shares during the period.

Analyst Ratings Changes

TRU has been the topic of several analyst reports. Evercore ISI increased their target price on shares of TransUnion from $70.00 to $80.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Needham & Company LLC raised their price objective on shares of TransUnion from $75.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Royal Bank of Canada restated an “outperform” rating and set a $85.00 price objective on shares of TransUnion in a report on Wednesday, February 14th. Robert W. Baird raised their price objective on shares of TransUnion from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Finally, Oppenheimer raised their price objective on shares of TransUnion from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $81.47.

Insider Activity

In other news, EVP Richard Dane Mauldin sold 1,500 shares of TransUnion stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $78.10, for a total value of $117,150.00. Following the completion of the transaction, the executive vice president now owns 22,033 shares of the company’s stock, valued at approximately $1,720,777.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Steven M. Chaouki sold 1,775 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $81.30, for a total value of $144,307.50. Following the completion of the transaction, the insider now directly owns 75,099 shares in the company, valued at approximately $6,105,548.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard Dane Mauldin sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $78.10, for a total transaction of $117,150.00. Following the transaction, 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 valued at $1,204,538 in the last quarter. Company insiders own 0.22% of the company’s stock.

TransUnion Stock Performance

TransUnion stock opened at $69.61 on Thursday. TransUnion has a 1-year low of $42.09 and a 1-year high of $82.75. The company has a fifty day simple moving average of $76.79 and a 200 day simple moving average of $67.91. 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 released its earnings results on Tuesday, February 13th. The business services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.08. The business had revenue of $954.00 million during the quarter, compared to the consensus estimate of $927.04 million. TransUnion had a negative net margin of 7.50% and a positive return on equity of 13.58%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 earnings per share. Sell-side analysts expect that TransUnion will post 3.31 EPS for the current fiscal year.

TransUnion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Wednesday, March 6th. TransUnion’s dividend payout ratio (DPR) is presently -28.19%.

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.