TransUnion (NYSE:TRU) is TimesSquare Capital Management LLC’s 3rd Largest Position
TimesSquare Capital Management LLC decreased its stake in shares of TransUnion (NYSE:TRU) by 17.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,455,275 shares of the business services provider’s stock after selling 524,780 shares during the quarter. TransUnion comprises about 1.8% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 3rd biggest holding. TimesSquare Capital Management LLC’s holdings in TransUnion were worth $199,147,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in TRU. Parallel Advisors LLC raised its stake in TransUnion by 287.3% during the third quarter. Parallel Advisors LLC now owns 306 shares of the business services provider’s stock valued at $25,000 after buying an additional 227 shares during the last quarter. CSat Investment Advisory L.P. purchased a new position in shares of TransUnion in the second quarter worth $30,000. Cullen Frost Bankers Inc. raised its stake in shares of TransUnion by 222.9% in the second quarter. Cullen Frost Bankers Inc. now owns 678 shares of the business services provider’s stock worth $50,000 after purchasing an additional 468 shares during the last quarter. CENTRAL TRUST Co purchased a new position in shares of TransUnion in the second quarter worth $54,000. Finally, Massey Quick Simon & CO. LLC purchased a new position in shares of TransUnion in the third quarter worth $99,000.
Shares of TRU stock traded up $1.32 during mid-day trading on Tuesday, hitting $82.97. The company’s stock had a trading volume of 699,706 shares, compared to its average volume of 1,246,909. TransUnion has a 52-week low of $52.15 and a 52-week high of $85.50. The business has a 50-day moving average price of $81.01 and a 200 day moving average price of $76.40. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $15.18 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 2.23 and a beta of 0.99.
In related news, EVP David E. Wojczynski sold 5,000 shares of TransUnion stock in a transaction on Monday, August 19th. The stock was sold at an average price of $83.75, for a total value of $418,750.00. Following the completion of the sale, the executive vice president now owns 29,384 shares of the company’s stock, valued at $2,460,910. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James M. Peck sold 101,167 shares of TransUnion stock in a transaction on Friday, October 25th. The stock was sold at an average price of $83.02, for a total value of $8,398,884.34. Following the completion of the sale, the director now directly owns 243,181 shares of the company’s stock, valued at approximately $20,188,886.62. The disclosure for this sale can be found here. Insiders sold 127,329 shares of company stock valued at $10,580,429 in the last ninety days. 0.92% of the stock is currently owned by corporate insiders.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded TransUnion from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research note on Monday, July 29th. JPMorgan Chase & Co. boosted their price target on TransUnion from $78.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Deutsche Bank boosted their price target on TransUnion from $78.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. ValuEngine cut TransUnion from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Atlantic Securities cut TransUnion from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. TransUnion has a consensus rating of “Buy” and a consensus price target of $79.50.
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and investigate potential fraud.
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