TimesSquare Capital Management LLC Has $182.99 Million Stake in TransUnion (TRU)
TimesSquare Capital Management LLC grew its stake in TransUnion (NYSE:TRU) by 80.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,871,900 shares of the business services provider’s stock after purchasing an additional 1,725,300 shares during the period. TransUnion comprises approximately 1.2% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 8th largest position. TimesSquare Capital Management LLC owned 2.12% of TransUnion worth $182,986,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Aperio Group LLC boosted its stake in shares of TransUnion by 2.7% in the 2nd quarter. Aperio Group LLC now owns 12,220 shares of the business services provider’s stock valued at $529,000 after purchasing an additional 321 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of TransUnion by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,482 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 404 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 in the last quarter. Prudential Financial Inc. boosted its stake in shares of TransUnion by 12.5% in the 2nd quarter. Prudential Financial Inc. now owns 10,690 shares of the business services provider’s stock valued at $463,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of TransUnion by 18.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,058 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 1,543 shares in the last quarter.
In other TransUnion news, EVP Samuel A. Hamood sold 21,341 shares of the firm’s 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 owns 20,243 shares in the company, valued at approximately $869,436.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christopher A. Cartwright sold 234,565 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $55.05, for a total transaction of $12,912,803.25. Following the transaction, the executive vice president now owns 105,917 shares of the company’s stock, valued at approximately $5,830,730.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,249,709 shares of company stock worth $220,700,448. 2.10% of the stock is owned by corporate insiders.
TRU has been the topic of a number of research analyst reports. Cowen and Company restated a “buy” rating and issued a $48.00 price target on shares of TransUnion in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of TransUnion from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating on shares of TransUnion in a research note on Friday, September 8th. Finally, SunTrust Banks, Inc. initiated coverage on shares of TransUnion in a research note on Tuesday, September 5th. They issued a “buy” rating and a $54.00 price target on the stock. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. TransUnion has a consensus rating of “Buy” and a consensus price target of $55.00.
TransUnion (TRU) traded up $0.20 during trading hours on Thursday, reaching $55.22. 678,000 shares of the company traded hands, compared to its average volume of 1,383,110. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.51. TransUnion has a twelve month low of $28.92 and a twelve month high of $55.75. The firm has a market cap of $10,035.00, a P/E ratio of 32.56, a PEG ratio of 3.22 and a beta of 0.62.
TransUnion (NYSE:TRU) last posted its earnings results on Friday, October 27th. The business services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.43 by $0.06. TransUnion had a net margin of 13.17% and a return on equity of 21.37%. The business had revenue of $498.00 million for the quarter, compared to the consensus estimate of $475.52 million. During the same period last year, the company earned $0.38 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. equities analysts predict that TransUnion will post 1.71 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “TimesSquare Capital Management LLC Has $182.99 Million Stake in TransUnion (TRU)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/11/23/timessquare-capital-management-llc-has-182-99-million-stake-in-transunion-tru.html.
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.