Strs Ohio increased its stake in TransUnion (NYSE:TRU) by 262.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,863 shares of the business services provider’s stock after acquiring an additional 4,972 shares during the quarter. Strs Ohio’s holdings in TransUnion were worth $491,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Integrated Investment Consultants LLC acquired a new position in shares of TransUnion in the 2nd quarter worth $106,000. Signition LP acquired a new position in shares of TransUnion in the 2nd quarter worth $238,000. Roundview Capital LLC acquired a new position in shares of TransUnion in the 1st quarter worth $223,000. IBM Retirement Fund acquired a new position in shares of TransUnion in the 1st quarter worth $225,000. Finally, Gideon Capital Advisors Inc. acquired a new position in shares of TransUnion in the 1st quarter worth $245,000. Institutional investors and hedge funds own 98.21% of the company’s stock.
A number of brokerages recently issued reports on TRU. Zacks Investment Research cut TransUnion from a “buy” rating to a “hold” rating in a report on Friday, July 27th. Wells Fargo & Co lifted their price target on TransUnion from $65.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, July 25th. Bank of America lifted their price target on TransUnion from $76.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Robert W. Baird lifted their price target on TransUnion from $80.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, July 25th. Finally, Morgan Stanley lifted their price target on TransUnion from $66.00 to $71.00 and gave the company an “equal weight” rating in a report on Wednesday, July 25th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $74.79.
In related news, EVP Gerald M. Mccarthy, Jr. sold 62,752 shares of TransUnion stock in a transaction on Monday, July 30th. The stock was sold at an average price of $70.61, for a total transaction of $4,430,918.72. Following the completion of the sale, the executive vice president now owns 99,390 shares of the company’s stock, valued at $7,017,927.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James M. Peck sold 131,750 shares of TransUnion stock in a transaction on Friday, July 27th. The shares were sold at an average price of $71.75, for a total value of $9,453,062.50. Following the sale, the insider now directly owns 389,377 shares of the company’s stock, valued at approximately $27,937,799.75. The disclosure for this sale can be found here. Insiders have sold 200,410 shares of company stock worth $14,317,418 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.
Shares of TRU stock opened at $74.47 on Friday. TransUnion has a 1-year low of $41.07 and a 1-year high of $79.48. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.13. The firm has a market cap of $13.92 billion, a PE ratio of 43.55, a price-to-earnings-growth ratio of 3.39 and a beta of 0.68.
TransUnion (NYSE:TRU) last issued its quarterly earnings results on Tuesday, July 24th. The business services provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.07. TransUnion had a return on equity of 21.06% and a net margin of 21.00%. The business had revenue of $563.10 million for the quarter, compared to the consensus estimate of $540.86 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. TransUnion’s revenue for the quarter was up 18.6% compared to the same quarter last year. equities research analysts anticipate that TransUnion will post 2.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 6th. Stockholders of record on Wednesday, August 22nd were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, August 21st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.40%. TransUnion’s dividend payout ratio is 17.54%.
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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