TransUnion (TRU) Sets New 52-Week High at $35.65
Shares of TransUnion (NYSE:TRU) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $35.65 and last traded at $35.24, with a volume of 136,036 shares traded. The stock had previously closed at $35.11.
A number of brokerages have recently issued reports on TRU. Zacks Investment Research raised shares of TransUnion from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research note on Monday, May 2nd. Barclays PLC reissued a “hold” rating on shares of TransUnion in a research note on Saturday, March 19th. Royal Bank Of Canada increased their price objective on shares of TransUnion from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 26th. Deutsche Bank AG reissued a “buy” rating on shares of TransUnion in a research note on Thursday, June 16th. Finally, Stifel Nicolaus increased their price objective on shares of TransUnion from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, April 14th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $30.71.
The firm has a market capitalization of $6.41 billion and a price-to-earnings ratio of 244.03. The company’s 50-day moving average is $33.02 and its 200-day moving average is $28.41.
TransUnion (NYSE:TRU) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.26 by $0.06. The business had revenue of $406 million for the quarter, compared to analyst estimates of $378.99 million. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities research analysts forecast that TransUnion will post $1.34 EPS for the current fiscal year.
In related news, CEO James M. Peck sold 91,889 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $31.36, for a total value of $2,881,639.04. Following the completion of the transaction, the chief executive officer now directly owns 772,323 shares in the company, valued at approximately $24,220,049.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher Egan sold 302,401 shares of the business’s stock in a transaction on Friday, June 10th. The shares were sold at an average price of $31.25, for a total transaction of $9,450,031.25. The disclosure for this sale can be found here.
Several institutional investors have recently bought and sold shares of TRU. Sei Investments Co. boosted its position in TransUnion by 1,997.1% in the fourth quarter. Sei Investments Co. now owns 287,004 shares of the company’s stock valued at $7,913,000 after buying an additional 273,318 shares in the last quarter. OppenheimerFunds Inc. boosted its position in TransUnion by 42.1% in the fourth quarter. OppenheimerFunds Inc. now owns 615,993 shares of the company’s stock valued at $16,983,000 after buying an additional 182,396 shares in the last quarter. Oxford Asset Management purchased a new position in TransUnion during the fourth quarter valued at about $2,480,000. New York State Common Retirement Fund purchased a new position in TransUnion during the fourth quarter valued at about $1,991,000. Finally, Swiss National Bank purchased a new position in TransUnion during the fourth quarter valued at about $1,356,000.
TransUnion, formerly TransUnion Holding Company, Inc, is a risk and information solutions provider to businesses and consumers. The Company operates through three segments: US Information Services (USIS), International and Consumer Interactive. The USIS segment provides consumer reports, risk scores, analytical services and decisioning capabilities to businesses.
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