TransUnion (NYSE:TRU) is Incline Global Management LLC’s 6th Largest Position

Incline Global Management LLC cut its stake in shares of TransUnion (NYSE:TRU) by 4.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,220 shares of the business services provider’s stock after selling 8,194 shares during the period. TransUnion comprises approximately 4.8% of Incline Global Management LLC’s investment portfolio, making the stock its 6th largest holding. Incline Global Management LLC owned 0.10% of TransUnion worth $15,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in shares of TransUnion by 11.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,095 shares of the business services provider’s stock valued at $487,000 after purchasing an additional 715 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in shares of TransUnion in the 4th quarter worth approximately $1,006,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of TransUnion by 3.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 179,865 shares of the business services provider’s stock valued at $14,369,000 after acquiring an additional 6,270 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of TransUnion during the first quarter valued at approximately $3,900,000. Finally, CIBC Private Wealth Group LLC increased its position in shares of TransUnion by 37.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 460,203 shares of the business services provider’s stock valued at $31,621,000 after acquiring an additional 124,492 shares during the last quarter.

Analysts Set New Price Targets

TRU has been the subject of a number of recent analyst reports. Barclays upped their price objective on TransUnion from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday. Wolfe Research initiated coverage on shares of TransUnion in a report on Tuesday, July 9th. They set a “peer perform” rating for the company. Royal Bank of Canada boosted their target price on shares of TransUnion from $85.00 to $106.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley increased their target price on shares of TransUnion from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Stifel Nicolaus lifted their price target on shares of TransUnion from $83.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.80.

TransUnion Price Performance

TRU traded up $2.41 during trading on Tuesday, reaching $89.89. 1,965,546 shares of the company were exchanged, compared to its average volume of 1,618,163. TransUnion has a 12-month low of $42.09 and a 12-month high of $89.99. The company’s 50-day moving average is $76.05 and its two-hundred day moving average is $75.28. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.22. The company has a market cap of $17.47 billion, a price-to-earnings ratio of -62.86, a P/E/G ratio of 1.69 and a beta of 1.61.

TransUnion (NYSE:TRU) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.13. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.03%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts forecast that TransUnion will post 3.43 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Thursday, May 16th. TransUnion’s payout ratio is -29.37%.

Insider Activity

In related news, CFO Todd M. Cello sold 12,865 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $80.00, for a total value of $1,029,200.00. Following the sale, the chief financial officer now owns 101,426 shares in the company, valued at $8,114,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Todd M. Cello sold 12,865 shares of the company’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 transaction, the chief financial officer now directly owns 101,426 shares in the company, valued at $8,114,080. The transaction 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 the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $74.27, for a total transaction of $74,270.00. Following the completion of the sale, the insider now directly owns 70,547 shares in the company, valued at $5,239,525.69. The disclosure for this sale can be found here. Insiders sold 29,761 shares of company stock worth $2,266,576 in the last three months. Corporate insiders own 0.22% of the company’s stock.

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.