Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in TransUnion (NYSE:TRU) by 15.4% during the third quarter, Holdings Channel reports. The institutional investor owned 86,750 shares of the company’s stock after buying an additional 11,600 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in TransUnion were worth $2,993,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in 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 during the period. Capital World Investors purchased a new stake in TransUnion during the second quarter worth $146,802,000. FMR LLC purchased a new stake in TransUnion during the second quarter worth $137,588,000. Wells Fargo & Company MN increased its stake in TransUnion by 24.7% in the third quarter. Wells Fargo & Company MN now owns 3,881,030 shares of the company’s stock worth $133,896,000 after buying an additional 768,539 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in TransUnion by 5.8% in the second quarter. Lord Abbett & CO. LLC now owns 1,666,448 shares of the company’s stock worth $55,726,000 after buying an additional 90,746 shares during the period.
Shares of TransUnion (NYSE:TRU) opened at 31.72 on Friday. The firm’s 50-day moving average is $31.76 and its 200 day moving average is $32.77. The firm has a market capitalization of $5.80 billion, a P/E ratio of 64.34 and a beta of 0.48. TransUnion has a 52 week low of $20.43 and a 52 week high of $35.79.
TransUnion (NYSE:TRU) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. TransUnion had a net margin of 5.46% and a return on equity of 16.65%. The business had revenue of $437.60 million for the quarter, compared to analyst estimates of $424.03 million. During the same period last year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. Equities research analysts forecast that TransUnion will post $1.42 EPS for the current fiscal year.
A number of research firms have weighed in on TRU. Deutsche Bank AG upped their target price on TransUnion from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, October 26th. Zacks Investment Research upgraded TransUnion from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Thursday, October 20th. Finally, Barclays PLC upgraded TransUnion from an “equal weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research report on Wednesday, September 21st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. TransUnion has a consensus rating of “Buy” and an average target price of $35.11.
In other TransUnion news, CFO Samuel A. Hamood sold 30,000 shares of TransUnion stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $32.82, for a total value of $984,600.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James M. Peck sold 75,000 shares of TransUnion stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $32.82, for a total transaction of $2,461,500.00. Following the completion of the sale, the insider now owns 334,786 shares in the company, valued at $10,987,676.52. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.
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.