TransUnion (TRU) Position Increased by BlueMountain Capital Management LLC
BlueMountain Capital Management LLC boosted its position in shares of TransUnion (NYSE:TRU) by 173.0% during the 2nd quarter, Holdings Channel reports. The firm owned 50,021 shares of the business services provider’s stock after purchasing an additional 31,698 shares during the period. BlueMountain Capital Management LLC’s holdings in TransUnion were worth $3,584,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Xact Kapitalforvaltning AB lifted its stake in TransUnion by 3.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 19,372 shares of the business services provider’s stock valued at $1,388,000 after acquiring an additional 700 shares during the period. Pendal Group Ltd lifted its stake in TransUnion by 14.4% during the 2nd quarter. Pendal Group Ltd now owns 6,111 shares of the business services provider’s stock valued at $438,000 after acquiring an additional 768 shares during the period. Bfsg LLC lifted its stake in TransUnion by 14.1% during the 2nd quarter. Bfsg LLC now owns 6,265 shares of the business services provider’s stock valued at $449,000 after acquiring an additional 774 shares during the period. Keybank National Association OH lifted its stake in TransUnion by 19.0% during the 2nd quarter. Keybank National Association OH now owns 4,961 shares of the business services provider’s stock valued at $355,000 after acquiring an additional 793 shares during the period. Finally, New York State Teachers Retirement System lifted its stake in TransUnion by 6.0% during the 1st quarter. New York State Teachers Retirement System now owns 14,200 shares of the business services provider’s stock valued at $806,000 after acquiring an additional 800 shares during the period. 98.21% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on TRU shares. Zacks Investment Research cut shares of TransUnion from a “buy” rating to a “hold” rating in a research note on Monday, June 25th. Evercore ISI started coverage on shares of TransUnion in a research note on Tuesday, June 26th. They set a “buy” rating and a $80.00 target price on the stock. Bank of America upped their target price on shares of TransUnion from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Robert W. Baird upped their target price on shares of TransUnion from $80.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, July 25th. Finally, Cowen reiterated a “buy” rating and issued a $77.00 price objective on shares of TransUnion in a research note on Friday, July 20th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $74.79.
Shares of NYSE:TRU opened at $74.47 on Friday. TransUnion has a twelve month low of $41.07 and a twelve month high of $79.48. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.13. The company has a market capitalization of $13.92 billion, a PE ratio of 43.55, a price-to-earnings-growth ratio of 3.39 and a beta of 0.68.
TransUnion (NYSE:TRU) last issued its quarterly earnings data on Tuesday, July 24th. The business services provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. TransUnion had a net margin of 21.00% and a return on equity of 21.06%. The firm had revenue of $563.10 million for the quarter, compared to analysts’ expectations of $540.86 million. During the same quarter in the prior year, the business earned $0.47 EPS. The business’s quarterly revenue was up 18.6% on a year-over-year basis. analysts expect that TransUnion will post 2.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 6th. Investors of record on Wednesday, August 22nd were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Tuesday, August 21st. TransUnion’s dividend payout ratio is 17.54%.
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and investigate potential fraud.
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