Acadian Asset Management LLC Acquires New Position in TransUnion (NYSE:TRU)

Acadian Asset Management LLC purchased a new stake in TransUnion (NYSE:TRU) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,162 shares of the business services provider’s stock, valued at approximately $1,048,000.

A number of other institutional investors have also recently added to or reduced their stakes in TRU. Larson Financial Group LLC grew its holdings in shares of TransUnion by 237.5% during the first quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock valued at $39,000 after buying an additional 342 shares during the last quarter. GAMMA Investing LLC raised its position in shares of TransUnion by 32.9% during the 1st quarter. GAMMA Investing LLC now owns 573 shares of the business services provider’s stock valued at $46,000 after buying an additional 142 shares in the last quarter. Blue Trust Inc. boosted its stake in TransUnion by 156.6% in the second quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after buying an additional 523 shares in the last quarter. National Bank of Canada FI grew its stake in shares of TransUnion by 22.3% during the second quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock valued at $66,000 after buying an additional 166 shares during the last quarter. Finally, Ridgewood Investments LLC purchased a new position in shares of TransUnion in the second quarter worth $75,000.

Insider Activity

In other TransUnion news, CAO Jennifer A. Williams sold 405 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $38,709.90. Following the sale, the chief accounting officer now directly owns 7,186 shares of the company’s stock, valued at $686,837.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Todd M. Cello sold 12,865 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $80.00, for a total transaction of $1,029,200.00. Following the sale, the chief financial officer now directly owns 101,426 shares of the company’s stock, valued at approximately $8,114,080. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Jennifer A. Williams sold 405 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $38,709.90. Following the completion of the sale, the chief accounting officer now directly owns 7,186 shares in the company, valued at $686,837.88. The disclosure for this sale can be found here. Insiders have sold 32,200 shares of company stock valued at $2,665,257 over the last ninety days. 0.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TRU has been the topic of several research reports. Royal Bank of Canada lifted their price objective on TransUnion from $85.00 to $106.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. The Goldman Sachs Group boosted their price target on TransUnion from $87.00 to $97.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Needham & Company LLC cut shares of TransUnion from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Wolfe Research started coverage on TransUnion in a research note on Tuesday, July 9th. They set a “peer perform” rating for the company. Finally, Barclays raised their target price on TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TransUnion has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

TransUnion Stock Up 0.8 %

Shares of NYSE:TRU opened at $101.17 on Tuesday. TransUnion has a 52-week low of $42.09 and a 52-week high of $101.43. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average is $88.54 and its 200 day moving average is $80.17. The stock has a market cap of $19.65 billion, a P/E ratio of -70.75, a price-to-earnings-growth ratio of 1.42 and a beta of 1.62.

TransUnion (NYSE:TRU) last announced its earnings results on Thursday, July 25th. The business services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.13. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.03%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. Sell-side analysts predict that TransUnion will post 3.44 EPS for the current year.

TransUnion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 23rd were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Friday, August 23rd. TransUnion’s dividend payout ratio is presently -29.37%.

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.