Silvercrest Asset Management Group LLC Sells 4,580 Shares of TransUnion (NYSE:TRU)

Silvercrest Asset Management Group LLC lowered its holdings in shares of TransUnion (NYSE:TRU) by 35.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 8,441 shares of the business services provider’s stock after selling 4,580 shares during the period. Silvercrest Asset Management Group LLC’s holdings in TransUnion were worth $674,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its position in 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 acquiring an additional 715 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of TransUnion during the fourth quarter valued at about $1,006,000. CANADA LIFE ASSURANCE Co boosted its position in shares of TransUnion by 3.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 179,865 shares of the business services provider’s stock worth $14,369,000 after purchasing an additional 6,270 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in TransUnion during the 1st quarter worth approximately $3,900,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in TransUnion by 37.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 460,203 shares of the business services provider’s stock worth $31,621,000 after acquiring an additional 124,492 shares in the last quarter.

Insider Activity

In other news, insider Steven M. Chaouki sold 1,776 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $72.00, for a total transaction of $127,872.00. Following the completion of the transaction, the insider now directly owns 71,547 shares in the company, valued at $5,151,384. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $74.27, for a total value of $74,270.00. Following the completion of the sale, the insider now directly owns 70,547 shares in the company, valued at approximately $5,239,525.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven M. Chaouki sold 1,776 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $72.00, for a total value of $127,872.00. Following the sale, the insider now owns 71,547 shares of the company’s stock, valued at $5,151,384. The disclosure for this sale can be found here. Insiders sold 29,761 shares of company stock worth $2,266,576 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

TransUnion Trading Up 0.4 %

Shares of TRU stock opened at $90.25 on Thursday. 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 stock has a fifty day moving average of $76.05 and a 200 day moving average of $75.28. TransUnion has a 52 week low of $42.09 and a 52 week high of $91.71.

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

TransUnion Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have issued reports on TRU shares. Oppenheimer lifted their price target on TransUnion from $90.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. 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 research note on Friday, July 26th. Robert W. Baird increased their price objective on shares of TransUnion from $94.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Needham & Company LLC increased their target price on shares of TransUnion from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, 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. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.80.

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.