Gulf International Bank UK Ltd Trims Holdings in TransUnion (NYSE:TRU)

Gulf International Bank UK Ltd lowered its holdings in TransUnion (NYSE:TRU) by 26.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 11,083 shares of the business services provider’s stock after selling 4,032 shares during the quarter. Gulf International Bank UK Ltd’s holdings in TransUnion were worth $919,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. S Bank Fund Management Ltd bought a new position in TransUnion in the 1st quarter worth $44,000. Russell Investments Group Ltd. raised its stake in TransUnion by 79.4% in the first quarter. Russell Investments Group Ltd. now owns 546,213 shares of the business services provider’s stock worth $45,321,000 after buying an additional 241,684 shares in the last quarter. Prudential PLC lifted its holdings in TransUnion by 462.4% in the first quarter. Prudential PLC now owns 13,768 shares of the business services provider’s stock worth $1,143,000 after buying an additional 11,320 shares during the period. Resona Asset Management Co. Ltd. boosted its position in TransUnion by 6.4% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 61,185 shares of the business services provider’s stock valued at $5,072,000 after acquiring an additional 3,695 shares in the last quarter. Finally, Westpac Banking Corp boosted its position in TransUnion by 85.1% during the 1st quarter. Westpac Banking Corp now owns 5,447 shares of the business services provider’s stock valued at $452,000 after acquiring an additional 2,505 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. BMO Capital Markets increased their target price on TransUnion from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Stifel Nicolaus reduced their price target on TransUnion from $120.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. UBS Group reissued a “neutral” rating and set a $105.00 price objective (up previously from $98.00) on shares of TransUnion in a research report on Friday, July 25th. Oppenheimer upped their target price on shares of TransUnion from $100.00 to $108.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of TransUnion in a research note on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.46.

TransUnion Trading Down 1.2%

Shares of NYSE TRU opened at $89.02 on Friday. The firm’s 50 day moving average price is $90.75 and its 200-day moving average price is $87.56. TransUnion has a 52-week low of $66.38 and a 52-week high of $113.17. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.02 and a current ratio of 2.03. The company has a market cap of $17.34 billion, a PE ratio of 44.51, a P/E/G ratio of 2.48 and a beta of 1.65.

TransUnion (NYSE:TRU) last issued its earnings results on Thursday, July 24th. The business services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.09. TransUnion had a net margin of 8.99% and a return on equity of 16.08%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. TransUnion’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts expect that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Friday, August 22nd will be issued a dividend of $0.115 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.46 dividend on an annualized basis and a yield of 0.5%. TransUnion’s payout ratio is presently 23.00%.

Insiders Place Their Bets

In other TransUnion news, CAO Jennifer A. Williams sold 972 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $92.89, for a total value of $90,289.08. Following the completion of the transaction, the chief accounting officer directly owned 7,108 shares in the company, valued at approximately $660,262.12. The trade was a 12.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $87.14, for a total transaction of $87,140.00. Following the completion of the sale, the insider owned 74,393 shares of the company’s stock, valued at $6,482,606.02. This trade represents a 1.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,972 shares of company stock valued at $353,549. 0.22% of the stock is owned by company insiders.

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.