TCW Group Inc. Raises Stake in TransUnion (TRU)
TCW Group Inc. lifted its stake in TransUnion (NYSE:TRU) by 14.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,437,378 shares of the business services provider’s stock after purchasing an additional 179,254 shares during the period. TCW Group Inc. owned about 0.79% of TransUnion worth $67,930,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Aperio Group LLC boosted its holdings in TransUnion by 2.7% in the second 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 during the period. The Manufacturers Life Insurance Company boosted its holdings in TransUnion by 8.0% in the second quarter. The Manufacturers Life Insurance Company now owns 5,482 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 404 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in TransUnion by 17.0% in the second 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 during the period. Prudential Financial Inc. boosted its holdings in TransUnion by 12.5% in the second 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 during the period. Finally, Teacher Retirement System of Texas boosted its holdings in TransUnion by 18.1% in the second quarter. Teacher Retirement System of Texas now owns 10,058 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 1,543 shares during the period.
A number of research firms recently issued reports on TRU. Morgan Stanley reiterated an “overweight” rating and issued a $50.00 target price (up from $47.00) on shares of TransUnion in a report on Wednesday, July 26th. Zacks Investment Research upgraded TransUnion from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Thursday, September 7th. SunTrust Banks, Inc. lifted their target price on TransUnion to $64.00 and gave the company a “buy” rating in a report on Monday, October 30th. Cowen and Company reiterated a “buy” rating and issued a $48.00 target price on shares of TransUnion in a report on Thursday, September 7th. Finally, BidaskClub upgraded TransUnion from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $55.00.
In other news, major shareholder Goldman Sachs Group Inc sold 3,698,137 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $52.25, for a total value of $193,227,658.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Siddharth N. Mehta sold 65,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $52.25, for a total value of $3,396,250.00. Following the completion of the sale, the director now directly owns 33,389 shares of the company’s stock, valued at $1,744,575.25. The disclosure for this sale can be found here. Insiders have sold a total of 3,919,969 shares of company stock valued at $202,630,363 over the last ninety days. 2.10% of the stock is owned by company insiders.
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Shares of TransUnion (NYSE TRU) traded up $0.87 during midday trading on Tuesday, reaching $54.88. The company’s stock had a trading volume of 824,445 shares, compared to its average volume of 1,386,339. The stock has a market cap of $9,739.54, a P/E ratio of 31.60, a price-to-earnings-growth ratio of 3.13 and a beta of 0.62. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.84 and a quick ratio of 1.84. TransUnion has a 12 month low of $28.92 and a 12 month high of $54.49.
TransUnion (NYSE:TRU) last announced its quarterly earnings results on Friday, October 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.06. The company had revenue of $498.00 million during the quarter, compared to the consensus estimate of $475.52 million. TransUnion had a return on equity of 21.37% and a net margin of 13.17%. TransUnion’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 EPS. equities analysts anticipate that TransUnion will post 1.71 earnings per share for the current year.
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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