BlackRock Advisors LLC Boosts Stake in TransUnion (TRU)
BlackRock Advisors LLC raised its position in TransUnion (NYSE:TRU) by 9.9% during the second quarter, Holdings Channel reports. The fund owned 159,855 shares of the company’s stock after buying an additional 14,340 shares during the period. BlackRock Advisors LLC owned 0.09% of TransUnion worth $5,346,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of TransUnion by 104.5% in the first quarter. Wellington Management Group LLP now owns 12,117,400 shares of the company’s stock worth $334,561,000 after buying an additional 6,193,344 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of TransUnion by 27.9% in the second quarter. Vanguard Group Inc. now owns 4,654,233 shares of the company’s stock worth $155,638,000 after buying an additional 1,014,454 shares during the last quarter. Columbus Circle Investors acquired a new position in shares of TransUnion during the second quarter worth about $33,163,000. Junto Capital Management LP acquired a new position in shares of TransUnion during the first quarter worth about $23,994,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of TransUnion during the first quarter worth about $10,256,000. Institutional investors own 98.41% of the company’s stock.
Shares of TransUnion (NYSE:TRU) opened at 32.77 on Monday. The company has a 50-day moving average of $33.31 and a 200-day moving average of $32.09. The stock has a market capitalization of $5.99 billion, a P/E ratio of 134.30 and a beta of 0.36. TransUnion has a 12-month low of $20.43 and a 12-month high of $35.79.
TransUnion (NYSE:TRU) last announced its earnings results on Tuesday, July 26th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.05. The firm earned $426 million during the quarter, compared to analyst estimates of $414.70 million. TransUnion had a net margin of 2.81% and a return on equity of 16.06%. TransUnion’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. Equities analysts expect that TransUnion will post $1.39 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on TRU shares. Barclays PLC lifted their target price on shares of TransUnion from $30.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 27th. Morgan Stanley restated a “hold” rating and set a $36.00 target price on shares of TransUnion in a research report on Thursday, July 28th. Stifel Nicolaus lifted their target price on shares of TransUnion from $36.50 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Finally, Zacks Investment Research cut shares of TransUnion from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $34.11.
In other news, EVP John W. Blenke sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $32.82, for a total transaction of $820,500.00. Following the completion of the transaction, the executive vice president now owns 160,163 shares in the company, valued at approximately $5,256,549.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Gerald M. Mccarthy, Jr. sold 12,522 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $32.22, for a total transaction of $403,458.84. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
TransUnion Company Profile
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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