TransUnion (TRU) Shares Gap Down to $70.70
TransUnion (NYSE:TRU) shares gapped down before the market opened on Tuesday . The stock had previously closed at $72.33, but opened at $70.70. TransUnion shares last traded at $68.74, with a volume of 4100348 shares trading hands.
TRU has been the topic of a number of recent research reports. BNP Paribas initiated coverage on TransUnion in a research note on Friday, March 15th. They set a “neutral” rating and a $66.00 price objective on the stock. Barclays reaffirmed a “buy” rating and set a $72.00 price objective on shares of TransUnion in a research note on Thursday, January 10th. Exane BNP Paribas initiated coverage on TransUnion in a research note on Friday, March 15th. They set a “neutral” rating and a $66.00 price objective on the stock. Zacks Investment Research cut TransUnion from a “hold” rating to a “sell” rating in a research note on Wednesday, February 20th. Finally, Deutsche Bank raised their price objective on TransUnion from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. TransUnion currently has a consensus rating of “Buy” and a consensus target price of $75.25.
The company has a debt-to-equity ratio of 2.01, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $13.30 billion, a PE ratio of 29.76, a PEG ratio of 4.36 and a beta of 0.95.
In related news, CAO Timothy Elberfeld sold 1,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $70.00, for a total value of $70,000.00. Following the sale, the chief accounting officer now directly owns 13,062 shares of the company’s stock, valued at $914,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David E. Wojczynski sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $65.94, for a total value of $593,460.00. Following the completion of the sale, the executive vice president now directly owns 43,384 shares in the company, valued at $2,860,740.96. The disclosure for this sale can be found here. Insiders sold 214,041 shares of company stock worth $13,847,553 over the last three months. 0.92% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of TRU. Lunia Capital LP lifted its holdings in TransUnion by 7,134.4% in the fourth quarter. Lunia Capital LP now owns 16,708,913 shares of the business services provider’s stock worth $16,709,000 after buying an additional 16,477,948 shares during the period. Norges Bank purchased a new stake in TransUnion in the fourth quarter worth about $132,399,000. Investec Asset Management LTD lifted its holdings in TransUnion by 51.5% in the fourth quarter. Investec Asset Management LTD now owns 3,418,486 shares of the business services provider’s stock worth $194,170,000 after buying an additional 1,161,718 shares during the period. Atlanta Capital Management Co. L L C lifted its holdings in TransUnion by 7.4% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 8,796,609 shares of the business services provider’s stock worth $499,647,000 after buying an additional 606,359 shares during the period. Finally, Legal & General Group Plc lifted its holdings in TransUnion by 195.2% in the third quarter. Legal & General Group Plc now owns 722,932 shares of the business services provider’s stock worth $53,193,000 after buying an additional 478,001 shares during the period.
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About TransUnion (NYSE:TRU)
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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