Kayne Anderson Rudnick Investment Management LLC Sells 15,340 Shares of TransUnion (NYSE:TRU)

Kayne Anderson Rudnick Investment Management LLC cut its position in TransUnion (NYSE:TRU) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 535,097 shares of the business services provider’s stock after selling 15,340 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 0.28% of TransUnion worth $39,683,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TRU. Larson Financial Group LLC lifted its stake in TransUnion by 237.5% during the first quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock worth $39,000 after purchasing an additional 342 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 buying an additional 142 shares in the last quarter. National Bank of Canada FI boosted its stake in TransUnion by 22.3% in 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 in the last quarter. Blue Trust Inc. grew its position in TransUnion by 156.6% in the second quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 523 shares during the last quarter. Finally, Assetmark Inc. raised its stake in TransUnion by 48.6% during the fourth quarter. Assetmark Inc. now owns 1,030 shares of the business services provider’s stock worth $71,000 after acquiring an additional 337 shares in the last quarter.

Insider Activity at TransUnion

In other TransUnion news, EVP Timothy J. Martin sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $95.65, for a total value of $239,125.00. Following the completion of the sale, the executive vice president now directly owns 49,239 shares in the company, valued at $4,709,710.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Timothy J. Martin sold 2,500 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $95.65, for a total transaction of $239,125.00. Following the transaction, the executive vice president now owns 49,239 shares of the company’s stock, valued at approximately $4,709,710.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Todd M. Cello sold 12,865 shares of the firm’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 completion of the sale, the chief financial officer now owns 101,426 shares of the company’s stock, valued at $8,114,080. The disclosure for this sale can be found here. Insiders have sold 25,080 shares of company stock worth $2,141,724 in the last quarter. Company insiders own 0.22% of the company’s stock.

TransUnion Trading Down 0.4 %

TRU opened at $105.14 on Friday. The stock has a market cap of $20.42 billion, a PE ratio of -73.52, a price-to-earnings-growth ratio of 1.35 and a beta of 1.62. 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 has a twelve month low of $42.09 and a twelve month high of $106.49. The company has a fifty day moving average of $91.04 and a 200-day moving average of $81.02.

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

TransUnion Dividend Announcement

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

Analyst Upgrades and Downgrades

TRU has been the topic of several research reports. Royal Bank of Canada lifted their price target on shares of TransUnion from $85.00 to $106.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Oppenheimer boosted their target price on shares of TransUnion from $90.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Wells Fargo & Company upgraded TransUnion to a “strong-buy” rating in a research note on Tuesday, August 13th. Barclays boosted their price objective on TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Finally, Bank of America upgraded TransUnion from a “neutral” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Thursday, June 20th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to 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.