Bridges Investment Management Inc. Lowers Position in TransUnion (NYSE:TRU)

Bridges Investment Management Inc. lowered its stake in shares of TransUnion (NYSE:TRU) by 35.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,898 shares of the business services provider’s stock after selling 8,714 shares during the period. Bridges Investment Management Inc.’s holdings in TransUnion were worth $1,179,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Larson Financial Group LLC raised its position in shares of TransUnion by 237.5% in the 1st quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock worth $39,000 after buying an additional 342 shares during the period. GAMMA Investing LLC lifted its stake in shares of TransUnion by 32.9% in the 1st quarter. GAMMA Investing LLC now owns 573 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 142 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of TransUnion by 22.3% during the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock worth $66,000 after purchasing an additional 166 shares during the period. Blue Trust Inc. increased its position in TransUnion by 156.6% during the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after purchasing an additional 523 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in TransUnion by 48.6% in the fourth quarter. Assetmark Inc. now owns 1,030 shares of the business services provider’s stock valued at $71,000 after buying an additional 337 shares during the period.

Insider Activity at TransUnion

In other TransUnion news, CFO Todd M. Cello sold 12,865 shares of TransUnion stock in a transaction on Friday, July 12th. The shares were sold at an average price of $80.00, for a total value of $1,029,200.00. Following the completion of the transaction, the chief financial officer now owns 101,426 shares of the company’s stock, valued at $8,114,080. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Heather J. Russell sold 3,173 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction of $303,275.34. Following the sale, the executive vice president now directly owns 19,926 shares in the company, valued at approximately $1,904,527.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Todd M. Cello sold 12,865 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $80.00, for a total value of $1,029,200.00. Following the completion of the sale, the chief financial officer now directly owns 101,426 shares in the company, valued at approximately $8,114,080. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,080 shares of company stock valued at $2,141,724. Corporate insiders own 0.22% of the company’s stock.

TransUnion Trading Down 0.3 %

TRU opened at $105.20 on Friday. TransUnion has a 12-month low of $42.09 and a 12-month high of $106.49. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $20.44 billion, a PE ratio of -73.57, a P/E/G ratio of 1.35 and a beta of 1.62. The firm’s fifty day moving average price is $91.04 and its 200 day moving average price is $80.98.

TransUnion (NYSE:TRU) last issued its earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.13. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.03%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 EPS. As a group, research analysts expect that TransUnion will post 3.44 EPS for the current fiscal year.

TransUnion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were issued a $0.105 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.40%. TransUnion’s dividend payout ratio (DPR) is -29.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TRU shares. Wells Fargo & Company raised shares of TransUnion to a “strong-buy” rating in a research report on Tuesday, August 13th. Barclays raised their price objective on TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Robert W. Baird upped their target price on TransUnion from $94.00 to $104.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Morgan Stanley increased their target price on TransUnion from $96.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Finally, Oppenheimer boosted their price target on TransUnion from $90.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.00.

TransUnion 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.