Bridges Investment Management Inc. Sells 4,212 Shares of TransUnion (NYSE:TRU)

Bridges Investment Management Inc. lowered its holdings in shares of TransUnion (NYSE:TRU) by 26.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 11,686 shares of the business services provider’s stock after selling 4,212 shares during the period. Bridges Investment Management Inc.’s holdings in TransUnion were worth $1,224,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. CANADA LIFE ASSURANCE Co lifted its holdings in TransUnion by 3.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 179,865 shares of the business services provider’s stock worth $14,369,000 after buying an additional 6,270 shares during the period. Picton Mahoney Asset Management bought a new stake in TransUnion in the first quarter valued at approximately $3,900,000. California State Teachers Retirement System increased its position in TransUnion by 2.4% during the 1st quarter. California State Teachers Retirement System now owns 327,518 shares of the business services provider’s stock valued at $26,136,000 after purchasing an additional 7,636 shares during the period. Victory Capital Management Inc. raised its holdings in TransUnion by 24.1% during the 2nd 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 last quarter. Finally, Blue Trust Inc. raised its holdings 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 during the last quarter.

TransUnion Price Performance

Shares of NYSE TRU opened at $106.62 on Friday. TransUnion has a fifty-two week low of $51.40 and a fifty-two week high of $113.17. The stock has a market cap of $20.78 billion, a price-to-earnings ratio of 92.71, a PEG ratio of 1.42 and a beta of 1.62. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68. The firm’s 50-day simple moving average is $103.02 and its 200 day simple moving average is $87.97.

TransUnion (NYSE:TRU) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. As a group, research analysts anticipate that TransUnion will post 3.46 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Friday, November 22nd. TransUnion’s dividend payout ratio is 36.52%.

Wall Street Analysts Forecast Growth

TRU has been the topic of a number of analyst reports. Wolfe Research raised shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research note on Thursday, October 10th. Morgan Stanley increased their price target on TransUnion from $103.00 to $119.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Barclays boosted their price objective on TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Stifel Nicolaus raised their target price on TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company boosted their price target on TransUnion from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.53.

Insider Transactions at TransUnion

In related news, EVP Timothy J. Martin sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $104.59, for a total transaction of $261,475.00. Following the transaction, the executive vice president now directly owns 46,739 shares of the company’s stock, valued at $4,888,432.01. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other TransUnion news, EVP Heather J. Russell sold 3,173 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $303,275.34. Following the transaction, the executive vice president now directly owns 19,926 shares in the company, valued at $1,904,527.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy J. Martin sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $104.59, for a total value of $261,475.00. Following the completion of the transaction, the executive vice president now owns 46,739 shares in the company, valued at approximately $4,888,432.01. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,815 shares of company stock worth $961,407 in the last quarter. 0.22% of the stock is currently 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.