TransUnion (TRU) Holdings Reduced by Strategic Global Advisors LLC
Strategic Global Advisors LLC lowered its stake in TransUnion (NYSE:TRU) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,255 shares of the business services provider’s stock after selling 1,810 shares during the quarter. Strategic Global Advisors LLC’s holdings in TransUnion were worth $1,180,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado lifted its position in TransUnion by 138.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock valued at $174,000 after buying an additional 2,329 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in TransUnion by 37.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the business services provider’s stock valued at $157,000 after buying an additional 1,108 shares during the last quarter. SG Americas Securities LLC acquired a new position in TransUnion in the second quarter valued at about $212,000. Schmidt P J Investment Management Inc. acquired a new position in TransUnion in the second quarter valued at about $230,000. Finally, World Asset Management Inc acquired a new position in TransUnion in the second quarter valued at about $247,000.
Shares of TransUnion (NYSE TRU) traded down 3.41% during mid-day trading on Friday, hitting $41.61. 5,546,913 shares of the stock traded hands. The company has a market cap of $7.57 billion, a P/E ratio of 35.81 and a beta of 0.60. TransUnion has a one year low of $28.92 and a one year high of $48.65. The stock has a 50 day moving average price of $44.79 and a 200-day moving average price of $41.65.
TransUnion (NYSE:TRU) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.03. The business had revenue of $474.80 million for the quarter, compared to analyst estimates of $464.77 million. TransUnion had a return on equity of 20.32% and a net margin of 12.08%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. On average, analysts forecast that TransUnion will post $1.83 earnings per share 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 dated Friday, August 4th. The stock was sold at an average price of $45.60, for a total value of $626,278,471.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Timothy Elberfeld sold 902 shares of TransUnion stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $45.43, for a total value of $40,977.86. Following the completion of the transaction, the chief accounting officer now directly owns 15,423 shares in the company, valued at $700,666.89. The disclosure for this sale can be found here. Insiders sold a total of 14,086,719 shares of company stock worth $642,437,522 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.
A number of research firms have commented on TRU. Barclays PLC reaffirmed an “overweight” rating and issued a $50.00 target price (up previously from $48.00) on shares of TransUnion in a research report on Thursday. Zacks Investment Research cut shares of TransUnion from a “buy” rating to a “hold” rating in a research report on Wednesday. Cowen and Company reaffirmed a “buy” rating and issued a $48.00 target price on shares of TransUnion in a research report on Thursday, September 7th. Deutsche Bank AG reaffirmed a “buy” rating on shares of TransUnion in a research report on Friday, September 8th. Finally, SunTrust Banks, Inc. began coverage on shares of TransUnion in a research report on Tuesday, September 5th. They issued a “buy” rating and a $54.00 target price on the stock. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $48.11.
TransUnion Company Profile
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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