BlackRock Inc. Boosts Position in TransUnion (TRU)
BlackRock Inc. lifted its position in shares of TransUnion (NYSE:TRU) by 8.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,966,974 shares of the business services provider’s stock after acquiring an additional 680,817 shares during the period. BlackRock Inc. owned about 4.85% of TransUnion worth $642,394,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Integrated Investment Consultants LLC acquired a new stake in TransUnion in the second quarter worth $106,000. Roundview Capital LLC acquired a new stake in TransUnion in the first quarter worth $223,000. IBM Retirement Fund acquired a new stake in TransUnion in the first quarter worth $225,000. Signition LP acquired a new stake in TransUnion in the second quarter worth $238,000. Finally, Gideon Capital Advisors Inc. acquired a new stake in TransUnion in the first quarter worth $245,000. 98.23% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on TRU shares. Zacks Investment Research lowered TransUnion from a “buy” rating to a “hold” rating in a research report on Monday, June 25th. Evercore ISI started coverage on TransUnion in a research report on Tuesday, June 26th. They issued a “buy” rating and a $80.00 target price on the stock. Bank of America increased their target price on TransUnion from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Robert W. Baird increased their target price on TransUnion from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 25th. Finally, Cowen reissued a “buy” rating and issued a $77.00 price target 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 issued a buy rating to the company. TransUnion currently has an average rating of “Buy” and an average price target of $74.79.
TransUnion (NYSE:TRU) last announced its earnings results on Tuesday, July 24th. The business services provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. TransUnion had a return on equity of 21.06% and a net margin of 21.00%. The business had revenue of $563.10 million during the quarter, compared to analysts’ expectations of $540.86 million. During the same quarter last year, the business posted $0.47 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. sell-side analysts predict that TransUnion will post 2.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Wednesday, August 22nd will be given a $0.075 dividend. The ex-dividend date is Tuesday, August 21st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.39%. TransUnion’s dividend payout ratio (DPR) is 17.54%.
In other news, insider James M. Peck sold 131,750 shares of the firm’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $71.75, for a total transaction of $9,453,062.50. Following the completion of the sale, the insider now directly owns 389,377 shares of the company’s stock, valued at approximately $27,937,799.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John T. Danaher sold 4,318 shares of the stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $73.76, for a total value of $318,495.68. Following the transaction, the executive vice president now directly owns 49,491 shares in the company, valued at approximately $3,650,456.16. The disclosure for this sale can be found here. Insiders sold a total of 251,029 shares of company stock valued at $17,903,528 in the last quarter. 1.18% of the stock is currently owned by corporate insiders.
TransUnion Company Profile
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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