Gotham Asset Management LLC Acquires Shares of 13,610 TransUnion (TRU)
Gotham Asset Management LLC acquired a new stake in TransUnion (NYSE:TRU) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,610 shares of the business services provider’s stock, valued at approximately $589,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of TRU. Great West Life Assurance Co. Can increased its position in TransUnion by 37.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 11,789 shares of the business services provider’s stock valued at $451,000 after acquiring an additional 3,200 shares in the last quarter. Bank of New York Mellon Corp increased its position in TransUnion by 30.5% in the 1st quarter. Bank of New York Mellon Corp now owns 268,345 shares of the business services provider’s stock valued at $10,292,000 after acquiring an additional 62,727 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in TransUnion by 67.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 57,706 shares of the business services provider’s stock valued at $2,213,000 after acquiring an additional 23,232 shares in the last quarter. Karp Capital Management Corp acquired a new stake in TransUnion in the 1st quarter valued at about $456,000. Finally, Parametric Portfolio Associates LLC increased its position in TransUnion by 88.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 137,893 shares of the business services provider’s stock valued at $5,288,000 after acquiring an additional 64,594 shares in the last quarter.
TransUnion (TRU) opened at 50.36 on Friday. The stock has a 50 day moving average of $47.17 and a 200 day moving average of $47.17. TransUnion has a 52 week low of $28.92 and a 52 week high of $51.00. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 43.34 and a beta of 0.58.
TransUnion (NYSE:TRU) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.03. TransUnion had a return on equity of 20.32% and a net margin of 12.08%. The company had revenue of $474.80 million during the quarter, compared to the consensus estimate of $464.77 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. Equities research analysts predict that TransUnion will post $1.83 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on TRU shares. Deutsche Bank AG restated a “buy” rating on shares of TransUnion in a research report on Friday, September 8th. Morgan Stanley restated an “overweight” rating and issued a $50.00 price objective (up previously from $47.00) on shares of TransUnion in a research report on Wednesday, July 26th. SunTrust Banks, Inc. started coverage on shares of TransUnion in a research report on Tuesday, September 5th. They issued a “buy” rating and a $54.00 price objective for the company. TheStreet upgraded shares of TransUnion from a “c” rating to a “b-” rating in a research report on Monday, June 26th. Finally, Zacks Investment Research upgraded shares of TransUnion from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $48.56.
In other news, major shareholder Goldman Sachs Group Inc sold 13,734,177 shares of the company’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher Egan sold 201,753 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $45.60, for a total value of $9,199,936.80. The disclosure for this sale can be found here. Insiders sold 14,108,242 shares of company stock valued at $643,363,096 in the last ninety days. 2.10% of the stock is currently owned by insiders.
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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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