First Republic Investment Management Inc. lifted its stake in shares of TransUnion (NYSE:TRU) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,711 shares of the business services provider’s stock after buying an additional 159 shares during the quarter. First Republic Investment Management Inc.’s holdings in TransUnion were worth $493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commerce Bank bought a new position in TransUnion in the second quarter worth approximately $298,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in TransUnion by 2.6% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 140,834 shares of the business services provider’s stock valued at $10,353,000 after purchasing an additional 3,625 shares during the last quarter. Wells Fargo & Company MN lifted its position in TransUnion by 18.7% during the second quarter. Wells Fargo & Company MN now owns 1,168,702 shares of the business services provider’s stock valued at $85,911,000 after purchasing an additional 184,168 shares during the last quarter. Barrett Asset Management LLC lifted its position in TransUnion by 10.4% during the second quarter. Barrett Asset Management LLC now owns 201,625 shares of the business services provider’s stock valued at $14,821,000 after purchasing an additional 18,985 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in TransUnion by 0.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 222,267 shares of the business services provider’s stock valued at $16,339,000 after purchasing an additional 751 shares during the last quarter.
In related news, CAO Timothy Elberfeld sold 2,500 shares of TransUnion stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $80.00, for a total transaction of $200,000.00. Following the completion of the sale, the chief accounting officer now owns 8,242 shares in the company, valued at approximately $659,360. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrew Prozes sold 50,889 shares of TransUnion stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $80.59, for a total value of $4,101,144.51. Following the sale, the director now owns 19,762 shares of the company’s stock, valued at approximately $1,592,619.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 244,204 shares of company stock valued at $20,255,965. Corporate insiders own 0.92% of the company’s stock.
Shares of TRU traded down $0.69 during mid-day trading on Friday, hitting $79.78. 1,297,183 shares of the company’s stock were exchanged, compared to its average volume of 1,302,901. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 3.27 and a beta of 1.00. TransUnion has a fifty-two week low of $52.15 and a fifty-two week high of $85.50. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.51 and a current ratio of 1.51. The stock’s 50-day moving average is $82.80 and its 200-day moving average is $72.20.
TransUnion (NYSE:TRU) last issued its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.08. The business had revenue of $661.90 million for the quarter, compared to analysts’ expectations of $644.73 million. TransUnion had a net margin of 12.84% and a return on equity of 22.94%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. As a group, equities research analysts anticipate that TransUnion will post 2.47 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Wednesday, August 21st. TransUnion’s dividend payout ratio is presently 12.99%.
Several equities research analysts have recently issued reports on TRU shares. ValuEngine upgraded shares of TransUnion from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. SunTrust Banks reissued a “positive” rating and set a $90.00 target price on shares of TransUnion in a research report on Wednesday, July 24th. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their price objective on shares of TransUnion from $78.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Zacks Investment Research upgraded shares of TransUnion from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Monday, July 29th. Finally, Deutsche Bank boosted their target price on shares of TransUnion from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. TransUnion has a consensus rating of “Buy” and a consensus price target of $79.42.
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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