Advent International Corpma Lowers stake in TransUnion (TRU)

TransUnion (TRU) : Advent International Corpma reduced its stake in TransUnion by 12.36% during the most recent quarter end. The investment management company now holds a total of 63,363,759 shares of TransUnion which is valued at $1,971.2 Million after selling 8,938,999 shares in TransUnion , the firm said in a disclosure report filed with the SEC on May 13, 2016.TransUnion makes up approximately 47.27% of Advent International Corpma’s portfolio.

Other Hedge Funds, Including , Monashee Investment Management added TRU to its portfolio by purchasing 145,000 company shares during the most recent quarter which is valued at $4.5 Million. TransUnion makes up approx 7.86% of Monashee Investment Management’s portfolio. Omers Administration Corp added TRU to its portfolio by purchasing 44,300 company shares during the most recent quarter which is valued at $1.4 Million. TransUnion makes up approx 0.03% of Omers Administration Corp’s portfolio.Thrivent Financial For Lutherans boosted its stake in TRU in the latest quarter, The investment management firm added 451,590 additional shares and now holds a total of 710,460 shares of TransUnion which is valued at $22.1 Million. TransUnion makes up approx 0.11% of Thrivent Financial For Lutherans’s portfolio.Ubs Asset Management Americas Inc boosted its stake in TRU in the latest quarter, The investment management firm added 6,276 additional shares and now holds a total of 24,476 shares of TransUnion which is valued at $761,448. Landscape Capital Management L.l.c. added TRU to its portfolio by purchasing 14,669 company shares during the most recent quarter which is valued at $456,353. TransUnion makes up approx 0.06% of Landscape Capital Management L.l.c.’s portfolio.

TransUnion opened for trading at $32.74 and hit $32.86 on the upside on Wednesday, eventually ending the session at $32.75, with a gain of 0.89% or 0.29 points. The heightened volatility saw the trading volume jump to 7,34,969 shares. Company has a market cap of $5,976 M.

On the company’s financial health, TransUnion reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.26. The company had revenue of $406.00 million for the quarter, compared to analysts expectations of $379.96 million. The company’s revenue was up 15.0% compared to the same quarter last year.

Many Wall Street Analysts have commented on TransUnion. Robert W. Baird Initiated TransUnion on May 26, 2016 to “Outperform”, Price Target of the shares are set at $36.Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 32 from a previous price target of $30 .Company shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 30 from a previous price target of $29 .

TransUnion formerly TransUnion Holding Company Inc. is a risk and information solutions provider to businesses and consumers. The Company manages its business in three segments: U.S. Information Services (USIS) International and Consumer Interactive. USIS segment provides consumer reports risk scores analytical services and decisioning capabilities to businesses. Its International segment includes Developed Markets which include Canada and Hong Kong and Emerging Markets which include South Africa Brazil India and other countries in the Africa Latin America and Asia Pacific regions. Consumer Interactive segment include credit reports and scores credit monitoring fraud protection and resolution and financial management. The Company’s solutions include AdSurety CreditVision Insurance Coverage Discovery and TLOxp. It has a global presence in over 30 countries across North America Africa Latin America and Asia.

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