Teachers Retirement System of The State of Kentucky Has $7.39 Million Position in TransUnion (TRU)
Teachers Retirement System of The State of Kentucky boosted its holdings in TransUnion (NYSE:TRU) by 5.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,594 shares of the business services provider’s stock after acquiring an additional 8,503 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.09% of TransUnion worth $7,388,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. State of Wisconsin Investment Board lifted its position in TransUnion by 141.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 25,408 shares of the business services provider’s stock valued at $1,100,000 after acquiring an additional 14,900 shares in the last quarter. Morgan Stanley lifted its position in TransUnion by 1,433.7% in the 1st quarter. Morgan Stanley now owns 769,615 shares of the business services provider’s stock valued at $29,514,000 after acquiring an additional 719,436 shares in the last quarter. Eagle Asset Management Inc. bought a new position in TransUnion in the 2nd quarter valued at approximately $41,015,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in TransUnion by 1,297.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 164,900 shares of the business services provider’s stock valued at $7,142,000 after acquiring an additional 153,100 shares in the last quarter. Finally, Caldera Capital LLC lifted its position in TransUnion by 78.1% in the 1st quarter. Caldera Capital LLC now owns 283,399 shares of the business services provider’s stock valued at $10,868,000 after acquiring an additional 124,291 shares in the last quarter.
Several research firms recently issued reports on TRU. Zacks Investment Research cut TransUnion from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays PLC reaffirmed an “overweight” rating and issued a $50.00 price objective (up from $48.00) on shares of TransUnion in a research report on Thursday, September 14th. Cowen and Company reaffirmed a “buy” rating and issued a $48.00 price objective on shares of TransUnion in a research report on Thursday, September 7th. Deutsche Bank AG reaffirmed a “buy” rating on shares of TransUnion in a research report on Friday, September 8th. Finally, SunTrust Banks, Inc. began coverage on TransUnion in a research report on Tuesday, September 5th. They issued a “buy” rating and a $54.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $47.44.
Shares of TransUnion (NYSE:TRU) opened at 46.67 on Thursday. TransUnion has a 52 week low of $28.92 and a 52 week high of $48.65. The firm’s 50-day moving average is $44.07 and its 200-day moving average is $44.07. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 40.16 and a beta of 0.60.
TransUnion (NYSE:TRU) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The business had revenue of $474.80 million during the quarter, compared to the consensus estimate of $464.77 million. During the same period in the previous year, the firm posted $0.37 earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. Analysts forecast that TransUnion will post $1.83 earnings per share for the current fiscal year.
In other news, major shareholder Goldman Sachs Group Inc sold 13,734,177 shares of TransUnion stock in a transaction on Friday, August 4th. The shares were sold at an average price of $45.60, for a total transaction of $626,278,471.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James M. Peck sold 75,658 shares of TransUnion stock in a transaction on Friday, July 28th. The stock was sold at an average price of $45.46, for a total transaction of $3,439,412.68. Following the sale, the insider now owns 276,284 shares of the company’s stock, valued at $12,559,870.64. The disclosure for this sale can be found here. Insiders have sold 14,108,060 shares of company stock valued at $643,354,118 over the last quarter. 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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