STA Wealth Management LLC bought a new stake in TransUnion (NYSE:TRU) during the fourth quarter, Holdings Channel reports. The institutional investor bought 5,627 shares of the business services provider’s stock, valued at approximately $309,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRU. Artisan Partners Limited Partnership purchased a new stake in TransUnion in the third quarter valued at approximately $99,632,000. TimesSquare Capital Management LLC raised its position in TransUnion by 80.4% in the third quarter. TimesSquare Capital Management LLC now owns 3,871,900 shares of the business services provider’s stock valued at $182,986,000 after purchasing an additional 1,725,300 shares during the period. BlackRock Inc. raised its position in TransUnion by 26.9% in the fourth quarter. BlackRock Inc. now owns 7,414,930 shares of the business services provider’s stock valued at $407,523,000 after purchasing an additional 1,574,041 shares during the period. Farallon Capital Management LLC raised its position in TransUnion by 61.7% in the fourth quarter. Farallon Capital Management LLC now owns 3,754,262 shares of the business services provider’s stock valued at $206,334,000 after purchasing an additional 1,432,104 shares during the period. Finally, Carillon Tower Advisers Inc. purchased a new stake in TransUnion in the fourth quarter valued at approximately $48,286,000.
Shares of TransUnion (NYSE:TRU) opened at $58.31 on Wednesday. TransUnion has a 12-month low of $36.95 and a 12-month high of $61.42. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $10,740.60, a price-to-earnings ratio of 34.01, a PEG ratio of 2.79 and a beta of 0.73.
TransUnion (NYSE:TRU) last posted its quarterly earnings data on Tuesday, February 13th. The business services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. TransUnion had a return on equity of 20.73% and a net margin of 22.81%. The business had revenue of $506.10 million for the quarter, compared to analyst estimates of $487.83 million. During the same quarter in the prior year, the company earned $0.44 earnings per share. The company’s revenue was up 16.1% on a year-over-year basis. research analysts forecast that TransUnion will post 2.1 EPS for the current fiscal year.
A number of analysts have issued reports on the company. Morgan Stanley set a $57.00 target price on TransUnion and gave the company a “hold” rating in a research report on Wednesday, February 14th. Stifel Nicolaus reissued a “buy” rating and issued a $62.00 target price (up previously from $59.00) on shares of TransUnion in a research report on Wednesday, February 14th. Royal Bank of Canada boosted their target price on TransUnion to $67.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Zacks Investment Research raised TransUnion from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Friday, February 16th. Finally, Atlantic Securities raised TransUnion from a “neutral” rating to an “overweight” rating in a research report on Friday, November 17th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. TransUnion has a consensus rating of “Buy” and a consensus price target of $58.64.
In related news, insider James M. Peck sold 215,381 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $54.80, for a total transaction of $11,802,878.80. Following the completion of the transaction, the insider now owns 402,343 shares in the company, valued at $22,048,396.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John T. Danaher sold 85,630 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $58.34, for a total transaction of $4,995,654.20. Following the transaction, the executive vice president now owns 61,794 shares of the company’s stock, valued at approximately $3,605,061.96. The disclosure for this sale can be found here. Insiders have sold 339,432 shares of company stock worth $19,021,215 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.
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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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