TransUnion (TRU) Sees Unusually-High Trading Volume
Shares of TransUnion (NYSE:TRU) saw unusually-high trading volume on Monday . Approximately 1,007,910 shares changed hands during trading, an increase of 42% from the previous session’s volume of 712,102 shares.The stock last traded at $32.80 and had previously closed at $32.75.
TRU has been the topic of several recent analyst reports. Zacks Investment Research downgraded TransUnion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 19th. Stifel Nicolaus lifted their target price on TransUnion from $33.00 to $36.50 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Robert W. Baird began coverage on TransUnion in a research note on Wednesday, May 25th. They issued an “outperform” rating and a $36.00 price objective on the stock. Morgan Stanley reissued a “hold” rating on shares of TransUnion in a research note on Wednesday, April 27th. Finally, Royal Bank Of Canada boosted their price objective on TransUnion from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 26th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. TransUnion presently has a consensus rating of “Buy” and an average target price of $34.11.
The stock has a 50 day moving average price of $33.70 and a 200 day moving average price of $29.42. The company has a market cap of $5.98 billion and a P/E ratio of 134.22.
TransUnion (NYSE:TRU) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. The company earned $426 million during the quarter, compared to the consensus estimate of $414.70 million. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. On average, equities research analysts anticipate that TransUnion will post $1.39 EPS for the current fiscal year.
In related news, major shareholder International Corp/Ma Advent sold 18,000,000 shares of the stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $31.25, for a total transaction of $562,500,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John W. Blenke sold 6,000 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $31.36, for a total value of $188,160.00. Following the sale, the executive vice president now owns 191,163 shares in the company, valued at $5,994,871.68. The disclosure for this sale can be found here.
A number of large investors have added to or reduced their stakes in TRU. Rail Splitter Capital Management LLC raised its stake in TransUnion by 9.8% in the fourth quarter. Rail Splitter Capital Management LLC now owns 378,214 shares of the company’s stock worth $10,427,000 after buying an additional 33,645 shares during the period. Swiss National Bank acquired a new stake in TransUnion during the fourth quarter worth approximately $1,356,000. New York State Common Retirement Fund acquired a new stake in TransUnion during the fourth quarter worth approximately $1,991,000. California State Teachers Retirement System raised its stake in TransUnion by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 60,703 shares of the company’s stock worth $1,674,000 after buying an additional 975 shares during the period. Finally, Principal Financial Group Inc. raised its stake in TransUnion by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 232,200 shares of the company’s stock worth $6,402,000 after buying an additional 6,279 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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