Wells Fargo & Company MN boosted its position in shares of TransUnion (NYSE:TRU) by 24.7% during the third quarter, Holdings Channel reports. The institutional investor owned 3,881,030 shares of the company’s stock after buying an additional 768,539 shares during the period. Wells Fargo & Company MN’s holdings in TransUnion were worth $133,896,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Capital World Investors bought a new stake in shares of TransUnion during the second quarter worth approximately $146,802,000. FMR LLC bought a new stake in shares of TransUnion during the second quarter worth approximately $137,588,000. Westfield Capital Management Co. LP bought a new stake in shares of TransUnion during the second quarter worth approximately $54,970,000. Vanguard Group Inc. raised its stake in shares of TransUnion by 27.9% in the second quarter. Vanguard Group Inc. now owns 4,654,233 shares of the company’s stock worth $155,638,000 after buying an additional 1,014,454 shares in the last quarter. Finally, Columbus Circle Investors bought a new stake in shares of TransUnion during the second quarter worth approximately $33,163,000. Institutional investors and hedge funds own 98.50% of the company’s stock.
TransUnion (NYSE:TRU) opened at 32.32 on Thursday. TransUnion has a 12-month low of $20.43 and a 12-month high of $35.79. The stock has a market cap of $5.91 billion, a P/E ratio of 65.56 and a beta of 0.38. The company has a 50 day moving average of $30.94 and a 200-day moving average of $32.41.
TransUnion (NYSE:TRU) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The business earned $437.60 million during the quarter, compared to analyst estimates of $424.03 million. TransUnion had a net margin of 5.46% and a return on equity of 16.65%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. Equities analysts forecast that TransUnion will post $1.42 earnings per share for the current year.
TRU has been the subject of a number of research analyst reports. Deutsche Bank AG reiterated a “buy” rating and issued a $38.00 price target on shares of TransUnion in a research note on Sunday, January 1st. Barclays PLC upgraded shares of TransUnion from an “equal weight” rating to an “overweight” rating and set a $37.00 price target for the company in a research note on Wednesday, September 21st. Zacks Investment Research lowered shares of TransUnion from a “hold” rating to a “sell” rating in a research note on Tuesday, December 27th. Finally, Morgan Stanley upgraded shares of TransUnion from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $37.00 to $38.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $35.44.
TransUnion Company Profile
TransUnion, formerly TransUnion Holding Company, Inc, is a risk and information solutions provider to businesses and consumers. The Company operates through three segments: US Information Services (USIS), International and Consumer Interactive. The USIS segment provides consumer reports, risk scores, analytical services and decisioning capabilities to businesses.
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