TransUnion (TRU) Shares Bought by Rhumbline Advisers
Rhumbline Advisers raised its stake in TransUnion (NYSE:TRU) by 136.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,248 shares of the business services provider’s stock after buying an additional 82,654 shares during the period. Rhumbline Advisers owned 0.08% of TransUnion worth $6,204,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of TRU. Public Employees Retirement Association of Colorado raised its stake in shares of 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 period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 period. Schmidt P J Investment Management Inc. acquired a new stake in shares of TransUnion during the second quarter valued at $230,000. World Asset Management Inc acquired a new stake in shares of TransUnion during the second quarter valued at $247,000. Finally, Logan Capital Management Inc. acquired a new stake in shares of TransUnion during the first quarter valued at $266,000.
TransUnion (NYSE:TRU) opened at 46.73 on Wednesday. The company’s 50-day moving average price is $45.67 and its 200-day moving average price is $41.39. TransUnion has a 1-year low of $28.92 and a 1-year high of $47.75. The stock has a market cap of $8.50 billion, a P/E ratio of 40.22 and a beta of 0.61.
TransUnion (NYSE:TRU) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. The firm had revenue of $474.80 million during the quarter, compared to analysts’ expectations of $464.77 million. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share. Analysts predict that TransUnion will post $1.83 EPS for the current year.
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Several equities research analysts have recently weighed in on the company. BidaskClub raised TransUnion from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Zacks Investment Research raised TransUnion from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Tuesday. Cowen and Company restated a “buy” rating and set a $48.00 price target on shares of TransUnion in a research note on Friday, July 28th. Barclays PLC restated an “overweight” rating and set a $48.00 price target (up previously from $45.00) on shares of TransUnion in a research note on Friday, June 16th. Finally, Morgan Stanley restated an “overweight” rating and set a $50.00 price target (up previously from $47.00) on shares of TransUnion in a research note on Wednesday, July 26th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $47.00.
In other news, EVP John W. Blenke sold 10,000 shares of TransUnion stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $46.24, for a total value of $462,400.00. Following the completion of the transaction, the executive vice president now owns 79,717 shares in the company, valued at $3,686,114.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Timothy Elberfeld sold 902 shares of TransUnion stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $45.43, for a total transaction of $40,977.86. Following the completion of the transaction, the chief accounting officer now owns 15,423 shares of the company’s stock, valued at approximately $700,666.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,047,490 shares of company stock valued at $640,561,199. Corporate insiders own 2.10% of the company’s stock.
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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