Cannon Global Investment Management LLC Purchases Shares of 2,900 TransUnion (NYSE:TRU)

Cannon Global Investment Management LLC acquired a new stake in TransUnion (NYSE:TRU - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,900 shares of the business services provider's stock, valued at approximately $241,000.

Several other large investors also recently modified their holdings of TRU. Fifth Third Bancorp boosted its holdings in shares of TransUnion by 105.3% during the 1st quarter. Fifth Third Bancorp now owns 423 shares of the business services provider's stock worth $35,000 after buying an additional 217 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of TransUnion during the fourth quarter worth approximately $40,000. Huntington National Bank grew its position in shares of TransUnion by 58.7% in the fourth quarter. Huntington National Bank now owns 454 shares of the business services provider's stock valued at $42,000 after purchasing an additional 168 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in TransUnion during the 4th quarter worth approximately $47,000. Finally, Mizuho Bank Ltd. bought a new stake in TransUnion in the 4th quarter valued at $47,000.

Insider Buying and Selling at TransUnion

In related news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $87.14, for a total transaction of $87,140.00. Following the sale, the insider directly owned 74,393 shares of the company's stock, valued at approximately $6,482,606.02. The trade was a 1.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 3,000 shares of company stock valued at $255,010. Company insiders own 0.22% of the company's stock.

TransUnion Stock Performance

Shares of NYSE:TRU opened at $90.15 on Thursday. TransUnion has a 1 year low of $66.38 and a 1 year high of $113.17. The stock has a market capitalization of $17.59 billion, a price-to-earnings ratio of 47.95, a price-to-earnings-growth ratio of 2.48 and a beta of 1.63. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.05 and a quick ratio of 2.05. The company's 50 day simple moving average is $86.38 and its 200 day simple moving average is $87.87.

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

TransUnion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders 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 dividend yield of 0.51%. TransUnion's dividend payout ratio (DPR) is currently 24.47%.

Analyst Ratings Changes

TRU has been the subject of a number of research reports. Bank of America initiated coverage on TransUnion in a report on Thursday, April 10th. They set an "underperform" rating and a $84.00 target price for the company. Barclays dropped their price objective on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Wells Fargo & Company decreased their target price on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. William Blair reaffirmed an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. Finally, Oppenheimer boosted their price target on TransUnion from $96.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $109.69.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.