TransUnion (TRU) Hits New 12-Month High at $35.79
TransUnion (NYSE:TRU) shares reached a new 52-week high on Thursday . The company traded as high as $35.79 and last traded at $35.40, with a volume of 214,978 shares trading hands. The stock had previously closed at $35.33.
A number of research analysts have recently weighed in on the stock. Robert W. Baird assumed coverage on shares of TransUnion in a research report on Wednesday, May 25th. They set an “outperform” rating and a $36.00 target price for the company. Stifel Nicolaus increased their target price on shares of TransUnion from $33.00 to $36.50 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Deutsche Bank AG reissued a “buy” rating on shares of TransUnion in a research report on Thursday, June 16th. Zacks Investment Research downgraded shares of TransUnion from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Morgan Stanley reissued a “hold” rating on shares of TransUnion in a research report on Wednesday, April 27th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $30.71.
The company has a market cap of $6.46 billion and a PE ratio of 246.04. The firm’s 50 day moving average is $33.55 and its 200-day moving average is $28.83.
TransUnion (NYSE:TRU) last released its quarterly earnings data on Tuesday, April 26th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.06. The company had revenue of $406 million for the quarter, compared to analysts’ expectations of $378.99 million. TransUnion’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, equities analysts expect that TransUnion will post $1.34 earnings per share for the current year.
In related news, EVP John W. Blenke sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $31.36, for a total transaction of $188,160.00. Following the completion of the sale, the executive vice president now directly owns 191,163 shares in the company, valued at $5,994,871.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder International Corp/Ma Advent sold 18,000,000 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $31.25, for a total transaction of $562,500,000.00. The disclosure for this sale can be found here.
Other hedge funds have made changes to their positions in the company. Rail Splitter Capital Management LLC raised its stake in shares of TransUnion by 9.8% in the fourth quarter. Rail Splitter Capital Management LLC now owns 378,214 shares of the company’s stock valued at $10,427,000 after buying an additional 33,645 shares during the period. Principal Financial Group Inc. raised its stake in shares of TransUnion by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 232,200 shares of the company’s stock valued at $6,402,000 after buying an additional 6,279 shares during the period. OppenheimerFunds Inc. raised its stake in shares of 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 during the period. New York State Common Retirement Fund acquired a new stake in shares of TransUnion during the fourth quarter valued at about $1,991,000. Finally, TD Asset Management Inc. raised its stake in shares of TransUnion by 12.1% in the fourth quarter. TD Asset Management Inc. now owns 53,000 shares of the company’s stock valued at $1,461,000 after buying an additional 5,700 shares during the period.
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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