Fmr LLC Increases Stake in TransUnion (TRU)
Fmr LLC increased its stake in TransUnion (NYSE:TRU) by 7.3% during the first quarter, Holdings Channel reports. The institutional investor owned 6,032,305 shares of the business services provider’s stock after buying an additional 412,558 shares during the period. Fmr LLC owned approximately 3.30% of TransUnion worth $231,339,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in TRU. Wellington Management Group LLP boosted its stake in shares of TransUnion by 10.0% in the first quarter. Wellington Management Group LLP now owns 22,516,374 shares of the business services provider’s stock valued at $863,504,000 after buying an additional 2,041,422 shares during the period. OppenheimerFunds Inc. acquired a new stake in shares of TransUnion during the first quarter valued at approximately $15,416,000. Rafferty Asset Management LLC acquired a new stake in shares of TransUnion during the first quarter valued at approximately $368,000. Neuberger Berman Group LLC acquired a new stake in shares of TransUnion during the first quarter valued at approximately $100,801,000. Finally, William Blair Investment Management LLC acquired a new stake in shares of TransUnion during the first quarter valued at approximately $89,054,000.
Shares of TransUnion (NYSE TRU) traded down 0.09% during mid-day trading on Friday, hitting $43.80. The company had a trading volume of 1,607,092 shares. The company has a market capitalization of $8.00 billion, a P/E ratio of 47.97 and a beta of 0.59. TransUnion has a one year low of $28.92 and a one year high of $44.30. The firm’s 50-day moving average price is $42.11 and its 200 day moving average price is $36.61.
TransUnion (NYSE:TRU) last announced its earnings results on Tuesday, April 25th. The business services provider reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.06. The firm had revenue of $445 million during the quarter, compared to analyst estimates of $444.53 million. TransUnion had a net margin of 9.71% and a return on equity of 19.14%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS. Analysts predict that TransUnion will post $1.78 earnings per share for the current fiscal year.
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Several analysts have recently commented on the company. Barclays PLC reaffirmed an “overweight” rating and issued a $48.00 target price (up previously from $45.00) on shares of TransUnion in a research report on Friday. Cowen and Company raised their target price on TransUnion from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Zacks Investment Research raised TransUnion from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Monday, February 20th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of TransUnion in a research report on Wednesday, April 26th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $47.00 target price (up previously from $45.00) on shares of TransUnion in a research report on Saturday, April 29th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $44.00.
In related news, major shareholder International Corp/Ma Advent sold 992,500 shares of the company’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $36.57, for a total value of $36,295,725.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James M. Peck sold 65,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $39.15, for a total transaction of $2,544,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,346,649 shares of company stock valued at $480,778,767. Company insiders own 2.10% of the company’s stock.
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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