TransUnion (TRU) Position Boosted by Swiss National Bank
Swiss National Bank lifted its holdings in TransUnion (NYSE:TRU) by 16.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,484 shares of the business services provider’s stock after purchasing an additional 30,000 shares during the period. Swiss National Bank owned about 0.12% of TransUnion worth $9,073,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. Aperio Group LLC increased its stake in shares of TransUnion by 2.7% in the 2nd quarter. Aperio Group LLC now owns 12,220 shares of the business services provider’s stock valued at $529,000 after purchasing an additional 321 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TransUnion by 17.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,780 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 694 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of TransUnion by 14.7% in the 1st quarter. Teacher Retirement System of Texas now owns 8,515 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 1,094 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of TransUnion by 12.5% in the 2nd quarter. Prudential Financial Inc. now owns 10,690 shares of the business services provider’s stock valued at $463,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of TransUnion by 22.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,629 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 1,409 shares in the last quarter.
In other news, CAO Timothy Elberfeld sold 902 shares of TransUnion stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $45.43, for a total value of $40,977.86. Following the sale, the chief accounting officer now directly owns 15,423 shares in the company, valued at $700,666.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 13,734,177 shares of TransUnion stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 14,086,719 shares of company stock worth $642,437,522 over the last quarter. 2.10% of the stock is owned by corporate insiders.
Several equities analysts recently weighed in on TRU shares. Deutsche Bank AG restated a “buy” rating on shares of TransUnion in a research note on Friday, September 8th. Morgan Stanley restated an “overweight” rating and issued a $50.00 price target (up previously from $47.00) on shares of TransUnion in a research note on Wednesday, July 26th. SunTrust Banks, Inc. started coverage on TransUnion in a research note on Tuesday, September 5th. They issued a “buy” rating and a $54.00 price target for the company. TheStreet upgraded TransUnion from a “c” rating to a “b-” rating in a research note on Monday, June 26th. Finally, BidaskClub upgraded TransUnion from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $47.89.
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Shares of TransUnion (TRU) opened at 43.67 on Thursday. The firm’s 50-day moving average price is $47.79 and its 200 day moving average price is $40.47. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 37.58 and a beta of 0.60. TransUnion has a 1-year low of $28.92 and a 1-year high of $48.65.
TransUnion (NYSE:TRU) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $474.80 million for the quarter, compared to the consensus estimate of $464.77 million. During the same period last year, the company earned $0.37 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. Equities research analysts expect that TransUnion will post $1.83 earnings per share for the current fiscal year.
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.
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