Nikko Asset Management Americas Inc. boosted its holdings in TransUnion (NYSE:TRU) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 493,876 shares of the business services provider’s stock after purchasing an additional 9,376 shares during the period. Nikko Asset Management Americas Inc.’s holdings in TransUnion were worth $36,305,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. CENTRAL TRUST Co bought a new position in shares of TransUnion in the 2nd quarter valued at about $54,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of TransUnion during the 1st quarter worth about $80,000. Rockefeller Capital Management L.P. acquired a new stake in shares of TransUnion during the 1st quarter worth about $122,000. Strs Ohio lifted its stake in shares of TransUnion by 23.9% during the 1st quarter. Strs Ohio now owns 2,343 shares of the business services provider’s stock worth $156,000 after buying an additional 452 shares during the last quarter. Finally, Starr International Co. Inc. acquired a new stake in shares of TransUnion during the 1st quarter worth about $166,000.
In other TransUnion news, CAO Timothy Elberfeld sold 2,500 shares of TransUnion stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $75.00, for a total value of $187,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James M. Peck sold 103,331 shares of TransUnion stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $84.10, for a total transaction of $8,690,137.10. Following the completion of the sale, the director now owns 245,345 shares of the company’s stock, valued at approximately $20,633,514.50. The disclosure for this sale can be found here. Insiders sold a total of 229,896 shares of company stock valued at $18,924,301 in the last quarter. Corporate insiders own 0.92% of the company’s stock.
TransUnion (NYSE:TRU) last issued its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.08. TransUnion had a net margin of 12.84% and a return on equity of 22.94%. The business had revenue of $661.90 million during the quarter, compared to analysts’ expectations of $644.73 million. During the same quarter in the previous year, the company earned $0.62 EPS. The business’s revenue was up 17.5% on a year-over-year basis. As a group, analysts expect that TransUnion will post 2.47 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the stock. Atlantic Securities cut shares of TransUnion from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 30th. SunTrust Banks restated a “positive” rating and set a $90.00 target price on shares of TransUnion in a research note on Wednesday, July 24th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised their target price on shares of TransUnion from $78.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Deutsche Bank raised their target price on shares of TransUnion from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Finally, ValuEngine upgraded shares of TransUnion from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $79.42.
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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