TransUnion (TRU) Sets New 1-Year High at $35.65
TransUnion (NYSE:TRU) shares hit a new 52-week high on Wednesday . The company traded as high as $35.65 and last traded at $35.24, with a volume of 136,036 shares trading hands. The stock had previously closed at $35.11.
Several research firms recently commented on TRU. Deutsche Bank AG reaffirmed a “buy” rating on shares of TransUnion in a report on Thursday, June 16th. Stifel Nicolaus raised their target price on TransUnion from $33.00 to $36.50 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Barclays PLC raised their target price on TransUnion from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, March 18th. Zacks Investment Research lowered TransUnion from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of TransUnion in a report on Wednesday, April 27th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. TransUnion presently has a consensus rating of “Buy” and a consensus target price of $30.71.
The stock has a market cap of $6.42 billion and a price-to-earnings ratio of 244.51. The firm’s 50-day moving average is $33.18 and its 200-day moving average is $28.51.
TransUnion (NYSE:TRU) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $406 million for the quarter, compared to analysts’ expectations of $378.99 million. TransUnion’s revenue was up 15.0% on a year-over-year basis. Analysts expect that TransUnion will post $1.34 EPS for the current year.
In other TransUnion news, CEO James M. Peck sold 91,889 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $31.36, for a total transaction of $2,881,639.04. Following the transaction, the chief executive officer now owns 772,323 shares of the company’s stock, valued at approximately $24,220,049.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder International Corp/Ma Advent sold 18,000,000 shares of the stock in a transaction on Friday, June 10th. The stock was sold at an average price of $31.25, for a total value of $562,500,000.00. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have modified their holdings of TRU. OppenheimerFunds Inc. raised its position in shares of TransUnion by 42.1% in the fourth quarter. OppenheimerFunds Inc. now owns 615,993 shares of the company’s stock worth $16,983,000 after buying an additional 182,396 shares in the last quarter. Oxford Asset Management acquired a new position in shares of TransUnion during the fourth quarter worth $2,480,000. New York State Common Retirement Fund acquired a new position in shares of TransUnion during the fourth quarter worth $1,991,000. Swiss National Bank acquired a new position in shares of TransUnion during the fourth quarter worth $1,356,000. Finally, First Trust Advisors LP raised its position in shares of TransUnion by 50.4% in the fourth quarter. First Trust Advisors LP now owns 131,712 shares of the company’s stock worth $3,631,000 after buying an additional 44,136 shares in the last quarter.
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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