TransUnion (TRU) Shares Gap Down to $49.39
TransUnion (NYSE:TRU) gapped down before the market opened on Friday . The stock had previously closed at $51.09, but opened at $49.39. TransUnion shares last traded at $47.50, with a volume of 4,601,012 shares.
TRU has been the subject of several recent analyst reports. TheStreet upgraded TransUnion from a “c” rating to a “b-” rating in a research note on Monday, June 26th. Morgan Stanley restated an “overweight” rating and set a $47.00 target price (up from $45.00) on shares of TransUnion in a research note on Tuesday, July 18th. Zacks Investment Research upgraded TransUnion from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Thursday, July 27th. Barclays PLC restated an “overweight” rating and set a $48.00 target price (up from $45.00) on shares of TransUnion in a research note on Friday, June 16th. Finally, Cowen and Company restated a “buy” rating and set a $48.00 target price on shares of TransUnion in a research note on Friday, July 28th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. TransUnion presently has a consensus rating of “Buy” and a consensus price target of $47.89.
The firm has a market capitalization of $8.64 billion, a PE ratio of 40.88 and a beta of 0.60. The firm has a 50 day moving average of $46.57 and a 200-day moving average of $42.20.
TransUnion (NYSE:TRU) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.03. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The firm had revenue of $474.80 million during the quarter, compared to the consensus estimate of $464.77 million. During the same period last year, the firm earned $0.37 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, equities analysts anticipate that TransUnion will post $1.83 EPS for the current fiscal year.
In other news, major shareholder Goldman Sachs Group Inc sold 13,734,177 shares of TransUnion stock in a transaction on Friday, August 4th. The shares were sold at an average price of $45.60, for a total transaction of $626,278,471.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Timothy Elberfeld sold 902 shares of TransUnion stock in a transaction on Friday, July 28th. The stock was sold at an average price of $45.43, for a total transaction of $40,977.86. Following the sale, the chief accounting officer now directly owns 15,423 shares of the company’s stock, valued at $700,666.89. The disclosure for this sale can be found here. Insiders have sold a total of 14,086,719 shares of company stock valued at $642,437,522 over the last ninety days. 2.10% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of TRU. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TransUnion by 37.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the business services provider’s stock worth $157,000 after acquiring an additional 1,108 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of TransUnion by 138.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock worth $174,000 after acquiring an additional 2,329 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of TransUnion during the 2nd quarter worth $212,000. Alpine Global Management LLC bought a new stake in shares of TransUnion during the 2nd quarter worth $217,000. Finally, Schmidt P J Investment Management Inc. bought a new stake in shares of TransUnion during the 2nd quarter worth $230,000.
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TransUnion is a risk and information solutions provider to businesses and consumers. The Company provides consumer reports, risk scores, analytical services and decision capabilities to businesses. The Company operates through three segments: U.S. Information Services (USIS), International and Consumer Interactive.