MBB Public Markets I LLC Invests $1.01 Million in TransUnion (NYSE:TRU)

MBB Public Markets I LLC purchased a new position in shares of TransUnion (NYSE:TRU) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 13,665 shares of the business services provider’s stock, valued at approximately $1,013,000.

Several other hedge funds have also recently modified their holdings of TRU. Larson Financial Group LLC raised its position in shares of TransUnion by 237.5% during the 1st 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 raised its position in shares of TransUnion by 32.9% during the 1st quarter. GAMMA Investing LLC now owns 573 shares of the business services provider’s stock worth $46,000 after purchasing an additional 142 shares during the last quarter. National Bank of Canada FI raised its position 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 last quarter. Blue Trust Inc. raised its position in shares of 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. Finally, Ridgewood Investments LLC acquired a new position in shares of TransUnion during the 2nd quarter worth about $75,000.

TransUnion Stock Up 0.7 %

Shares of NYSE TRU opened at $104.69 on Tuesday. The company has a 50 day simple moving average of $94.05 and a 200-day simple moving average of $82.10. The company has a market capitalization of $20.34 billion, a P/E ratio of -73.21, a P/E/G ratio of 1.39 and a beta of 1.62. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.66. TransUnion has a 1 year low of $42.09 and a 1 year high of $106.67.

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 analysts’ consensus estimates 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%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $0.76 EPS. On average, equities research analysts predict that TransUnion will post 3.44 earnings per share for the current year.

TransUnion Announces Dividend

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

Insider Buying and Selling

In related news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $90.14, for a total transaction of $90,140.00. Following the completion of the transaction, the insider now owns 69,547 shares of the company’s stock, valued at approximately $6,268,966.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TransUnion news, CFO Todd M. Cello sold 12,865 shares of the firm’s 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 transaction, the chief financial officer now owns 101,426 shares of the company’s stock, valued at approximately $8,114,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $90.14, for a total transaction of $90,140.00. Following the completion of the transaction, the insider now directly owns 69,547 shares of the company’s stock, valued at approximately $6,268,966.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,080 shares of company stock valued at $2,067,454. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

TRU has been the subject of several research analyst reports. Bank of America upgraded shares of TransUnion from a “neutral” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Thursday, June 20th. Royal Bank of Canada increased their price objective on shares of TransUnion from $85.00 to $106.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Barclays increased their price objective on shares of TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Oppenheimer increased their price objective on shares of TransUnion from $90.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Wolfe Research began coverage on shares of TransUnion in a report on Tuesday, July 9th. They issued a “peer perform” rating for the company. Seven equities research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

About TransUnion

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.