Quarry LP Increases Holdings in TransUnion (NYSE:TRU)

Quarry LP lifted its position in shares of TransUnion (NYSE:TRU) by 963.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 574 shares of the business services provider’s stock after acquiring an additional 520 shares during the quarter. Quarry LP’s holdings in TransUnion were worth $43,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Elo Mutual Pension Insurance Co boosted its position in shares of TransUnion by 0.7% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 17,822 shares of the business services provider’s stock valued at $1,322,000 after acquiring an additional 123 shares during the last quarter. Cornerstone Investment Partners LLC lifted its holdings in shares of TransUnion by 1.4% during the first quarter. Cornerstone Investment Partners LLC now owns 9,586 shares of the business services provider’s stock valued at $765,000 after purchasing an additional 135 shares in the last quarter. GAMMA Investing LLC lifted its holdings in TransUnion by 32.9% in the first quarter. GAMMA Investing LLC now owns 573 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 142 shares during the period. V Square Quantitative Management LLC lifted its holdings in TransUnion by 6.4% in the second quarter. V Square Quantitative Management LLC now owns 2,762 shares of the business services provider’s stock valued at $205,000 after acquiring an additional 165 shares during the period. Finally, National Bank of Canada FI raised its stake in shares of TransUnion by 22.3% in the second quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock worth $66,000 after buying an additional 166 shares during the period.

TransUnion Price Performance

TRU opened at $104.70 on Friday. The firm has a market cap of $20.33 billion, a price-to-earnings ratio of -73.22, a price-to-earnings-growth ratio of 1.41 and a beta of 1.62. TransUnion has a fifty-two week low of $42.09 and a fifty-two week high of $107.46. The company’s 50-day moving average price is $95.91 and its 200 day moving average price is $82.84. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.22.

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

TransUnion Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TRU. Robert W. Baird raised their price target on TransUnion from $94.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, July 26th. The Goldman Sachs Group lifted their price target on TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday. Royal Bank of Canada boosted their price target on TransUnion from $85.00 to $106.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Wells Fargo & Company boosted their price objective on TransUnion from $100.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, UBS Group initiated coverage on TransUnion in a report on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 price target for the company. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, TransUnion has a consensus rating of “Moderate Buy” and a consensus price target of $95.44.

Insider Buying and Selling at TransUnion

In related 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 transaction, the chief financial officer now owns 101,426 shares in the company, valued at $8,114,080. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other TransUnion news, CFO Todd M. Cello sold 12,865 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 101,426 shares in the company, valued at $8,114,080. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Todd C. Skinner sold 2,900 shares of the company’s 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 transaction, the insider now owns 27,729 shares in the company, valued at $2,373,047.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,580 shares of company stock valued at $2,328,929 in the last quarter. Company insiders own 0.22% of the company’s stock.

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.