New York State Common Retirement Fund Has $12.79 Million Stake in TransUnion (TRU)
New York State Common Retirement Fund grew its stake in TransUnion (NYSE:TRU) by 117.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 295,268 shares of the business services provider’s stock after purchasing an additional 159,300 shares during the period. New York State Common Retirement Fund owned approximately 0.16% of TransUnion worth $12,788,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in TRU. Public Employees Retirement Association of Colorado grew its stake in shares of TransUnion by 138.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 2,329 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of TransUnion by 17.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,780 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 694 shares during the period. SG Americas Securities LLC bought a new stake in shares of TransUnion in the 2nd quarter valued at approximately $212,000. Schmidt P J Investment Management Inc. bought a new stake in shares of TransUnion in the 2nd quarter valued at approximately $230,000. Finally, World Asset Management Inc bought a new stake in shares of TransUnion in the 2nd quarter valued at approximately $247,000.
TransUnion (NYSE TRU) opened at 49.55 on Friday. The firm has a market capitalization of $9.01 billion, a P/E ratio of 42.64 and a beta of 0.58. TransUnion has a one year low of $28.92 and a one year high of $49.57. The stock has a 50 day moving average price of $45.76 and a 200 day moving average price of $45.76.
TransUnion (NYSE:TRU) last announced its earnings results 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 company had revenue of $474.80 million for the quarter, compared to analysts’ expectations of $464.77 million. During the same period last year, the firm earned $0.37 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, equities analysts predict that TransUnion will post $1.83 EPS for the current fiscal year.
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In related news, insider James M. Peck sold 75,658 shares of TransUnion stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $45.46, for a total value of $3,439,412.68. Following the transaction, the insider now directly owns 276,284 shares of the company’s stock, valued at $12,559,870.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Samuel A. Hamood sold 21,341 shares of TransUnion stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $42.95, for a total transaction of $916,595.95. Following the completion of the transaction, the executive vice president now directly owns 20,243 shares in the company, valued at $869,436.85. The disclosure for this sale can be found here. Insiders have sold 14,108,060 shares of company stock worth $643,354,118 over the last ninety days. Insiders own 2.10% of the company’s stock.
Several equities research analysts have recently weighed in on TRU shares. Zacks Investment Research lowered TransUnion from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Barclays PLC reiterated an “overweight” rating and issued a $50.00 price objective (up from $48.00) on shares of TransUnion in a research note on Thursday, September 14th. Morgan Stanley reiterated an “overweight” rating and issued a $47.00 price objective (up from $45.00) on shares of TransUnion in a research note on Tuesday, July 18th. Deutsche Bank AG reiterated a “buy” rating on shares of TransUnion in a research note on Friday, September 8th. Finally, Cowen and Company reiterated a “buy” rating and issued a $48.00 price objective on shares of TransUnion in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $47.44.
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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