TransUnion (TRU) Major Shareholder Sells $193,227,658.25 in Stock
TransUnion (NYSE:TRU) major shareholder Goldman Sachs Group Inc sold 3,698,137 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $52.25, for a total value of $193,227,658.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
TransUnion (TRU) opened at $53.60 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $9,830.73, a P/E ratio of 31.89, a PEG ratio of 3.16 and a beta of 0.62. TransUnion has a 52-week low of $28.92 and a 52-week high of $54.49.
TransUnion (NYSE:TRU) last posted its earnings results on Friday, October 27th. The business services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The firm had revenue of $498.00 million during the quarter, compared to the consensus estimate of $475.52 million. TransUnion had a return on equity of 21.37% and a net margin of 13.17%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. sell-side analysts predict that TransUnion will post 1.71 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This story was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/11/09/transunion-tru-major-shareholder-sells-193227658-25-in-stock.html.
Several hedge funds and other institutional investors have recently bought and sold shares of TRU. California State Teachers Retirement System raised its holdings in TransUnion by 116.1% during the 2nd quarter. California State Teachers Retirement System now owns 227,221 shares of the business services provider’s stock valued at $9,841,000 after buying an additional 122,093 shares during the period. State of Wisconsin Investment Board raised its holdings in TransUnion by 141.8% during 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 buying an additional 14,900 shares during the period. Eagle Asset Management Inc. purchased a new stake in TransUnion during the 2nd quarter valued at $41,015,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in TransUnion by 1,297.5% during 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 buying an additional 153,100 shares during the period. Finally, Federated Investors Inc. PA raised its holdings in TransUnion by 46.9% during the 2nd quarter. Federated Investors Inc. PA now owns 187,584 shares of the business services provider’s stock valued at $8,124,000 after buying an additional 59,853 shares during the period.
TRU has been the subject of several recent analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $57.00 price target on shares of TransUnion in a research note on Friday, October 27th. Zacks Investment Research upgraded TransUnion from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Thursday, September 7th. Cowen and Company restated a “buy” rating and issued a $48.00 price target on shares of TransUnion in a research note on Thursday, September 7th. SunTrust Banks, Inc. initiated coverage on TransUnion in a research note on Tuesday, September 5th. They issued a “buy” rating and a $54.00 price target for the company. Finally, Deutsche Bank AG restated a “buy” rating on shares of TransUnion in a research note on Friday, September 8th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. TransUnion presently has an average rating of “Buy” and an average target price of $55.00.
TransUnion Company Profile
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.
Receive News & Stock Ratings for TransUnion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransUnion and related stocks with our FREE daily email newsletter.