TransUnion (NYSE:TRU) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. lowered its position in shares of TransUnion (NYSE:TRU - Free Report) by 70.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,294 shares of the business services provider's stock after selling 7,706 shares during the period. Bridges Investment Management Inc.'s holdings in TransUnion were worth $273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. M&T Bank Corp lifted its position in TransUnion by 15.9% in the first quarter. M&T Bank Corp now owns 34,015 shares of the business services provider's stock valued at $2,823,000 after acquiring an additional 4,678 shares during the last quarter. Ninety One SA PTY Ltd purchased a new stake in TransUnion in the first quarter valued at $327,000. TD Private Client Wealth LLC lifted its position in TransUnion by 4.1% in the first quarter. TD Private Client Wealth LLC now owns 11,887 shares of the business services provider's stock valued at $987,000 after acquiring an additional 466 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in TransUnion by 5.1% in the first quarter. Envestnet Asset Management Inc. now owns 494,349 shares of the business services provider's stock valued at $41,026,000 after acquiring an additional 23,979 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. lifted its position in TransUnion by 17.1% in the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 224,032 shares of the business services provider's stock valued at $18,592,000 after acquiring an additional 32,668 shares during the last quarter.

Insider Transactions at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $87.14, for a total value of $87,140.00. Following the completion of the transaction, the insider directly owned 74,393 shares of the company's stock, valued at approximately $6,482,606.02. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 3,000 shares of company stock valued at $255,010 over the last three months. Company insiders own 0.22% of the company's stock.

TransUnion Stock Performance

NYSE TRU traded down $3.80 during trading hours on Friday, hitting $91.18. 2,542,328 shares of the stock were exchanged, compared to its average volume of 1,817,048. The company has a market cap of $17.79 billion, a price-to-earnings ratio of 48.50, a price-to-earnings-growth ratio of 2.62 and a beta of 1.63. TransUnion has a 12-month low of $66.38 and a 12-month high of $113.17. The stock has a 50-day moving average of $87.71 and a 200 day moving average of $87.71. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 1.13.

TransUnion (NYSE:TRU - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.07 billion. TransUnion had a net margin of 8.63% and a return on equity of 16.18%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. As a group, equities research analysts forecast that TransUnion will post 3.99 earnings per share for the current year.

TransUnion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Thursday, May 22nd were issued a $0.115 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.46 dividend on an annualized basis and a yield of 0.50%. TransUnion's dividend payout ratio (DPR) is presently 24.47%.

Wall Street Analyst Weigh In

TRU has been the subject of a number of research reports. Wells Fargo & Company reduced their price target on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Wall Street Zen raised shares of TransUnion from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Barclays reduced their target price on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Bank of America initiated coverage on shares of TransUnion in a report on Thursday, April 10th. They issued an "underperform" rating and a $84.00 target price for the company. Finally, Stifel Nicolaus reduced their target price on shares of TransUnion from $120.00 to $112.00 and set a "buy" rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $110.64.

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.