TransUnion (NYSE:TRU) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in shares of TransUnion (NYSE:TRU) by 8.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 203,074 shares of the business services provider’s stock after selling 19,038 shares during the quarter. Envestnet Asset Management Inc. owned about 0.10% of TransUnion worth $15,060,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co boosted its holdings in shares of TransUnion by 3.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 179,865 shares of the business services provider’s stock valued at $14,369,000 after acquiring an additional 6,270 shares during the period. Picton Mahoney Asset Management acquired a new stake in TransUnion in the first quarter worth about $3,900,000. California State Teachers Retirement System lifted its holdings in TransUnion by 2.4% in the first quarter. California State Teachers Retirement System now owns 327,518 shares of the business services provider’s stock worth $26,136,000 after purchasing an additional 7,636 shares during the period. Victory Capital Management Inc. lifted its holdings in TransUnion by 24.1% in the second quarter. Victory Capital Management Inc. now owns 3,468,854 shares of the business services provider’s stock worth $257,250,000 after purchasing an additional 674,187 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in TransUnion by 37.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 460,203 shares of the business services provider’s stock worth $31,621,000 after purchasing an additional 124,492 shares during the period.

Wall Street Analysts Forecast Growth

TRU has been the subject of several research analyst reports. Barclays upped their price objective on shares of TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Oppenheimer upped their price objective on shares of TransUnion from $90.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Royal Bank of Canada raised their price objective on shares of TransUnion from $85.00 to $106.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Wolfe Research assumed coverage on shares of TransUnion in a research report on Tuesday, July 9th. They set a “peer perform” rating for the company. Finally, Morgan Stanley raised their price objective on shares of TransUnion from $96.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Seven equities research 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’s stock. Based on data from MarketBeat.com, TransUnion presently has an average rating of “Moderate Buy” and an average target price of $92.00.

TransUnion Price Performance

TRU stock opened at $105.99 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.22. TransUnion has a one year low of $42.09 and a one year high of $106.67. The firm has a market capitalization of $20.58 billion, a PE ratio of -74.12, a P/E/G ratio of 1.35 and a beta of 1.62. The firm has a 50-day moving average of $92.00 and a two-hundred day moving average of $81.40.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.13. The business had revenue of $1.04 billion during 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 firm’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 earnings per share. On average, analysts forecast that TransUnion will post 3.44 earnings per share for the current year.

TransUnion Dividend Announcement

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

Insider Transactions at TransUnion

In other news, CFO Todd M. Cello sold 12,865 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 101,426 shares of the company’s stock, valued at $8,114,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Todd M. Cello sold 12,865 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 101,426 shares of the company’s stock, valued at $8,114,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Todd C. Skinner sold 2,900 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $85.58, for a total transaction of $248,182.00. Following the completion of the sale, the insider now directly owns 27,729 shares of the company’s stock, valued at $2,373,047.82. The disclosure for this sale can be found here. Insiders sold 25,080 shares of company stock valued at $2,141,724 over the last three months. 0.22% of the stock is owned by corporate insiders.

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.