TransUnion (NYSE:TRU) Reaches New 52-Week High at $84.72

Shares of TransUnion (NYSE:TRU) hit a new 52-week high during trading on Thursday . The company traded as high as $84.72 and last traded at $84.47, with a volume of 46591 shares. The stock had previously closed at $81.45.

A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of 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. Atlantic Securities lowered shares of TransUnion from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 30th. ValuEngine upgraded shares of TransUnion from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. SunTrust Banks restated a “positive” rating and set a $90.00 target price on shares of TransUnion in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. boosted their target price on shares of TransUnion from $78.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $79.42.

The business’s 50-day moving average is $77.06. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.82. The firm has a market cap of $15.56 billion, a P/E ratio of 35.86, a P/E/G ratio of 3.30 and a beta of 1.00.

TransUnion (NYSE:TRU) last announced its earnings results on Tuesday, July 23rd. The business services provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.08. The company had revenue of $661.90 million during the quarter, compared to analyst estimates of $644.73 million. TransUnion had a net margin of 12.84% and a return on equity of 22.94%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 earnings per share. Sell-side analysts expect that TransUnion will post 2.47 earnings per share for the current fiscal year.

In other TransUnion news, CAO Timothy Elberfeld sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $75.00, for a total value of $187,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David E. Wojczynski sold 10,011 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $71.06, for a total transaction of $711,381.66. Following the completion of the transaction, the executive vice president now owns 44,395 shares of the company’s stock, valued at $3,154,708.70. The disclosure for this sale can be found here. Insiders have sold 229,896 shares of company stock valued at $18,924,301 over the last 90 days. 0.92% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Cullen Frost Bankers Inc. boosted its position 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 period. CENTRAL TRUST Co purchased a new position in shares of TransUnion in the second quarter worth $54,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of TransUnion in the first quarter worth $80,000. Rockefeller Capital Management L.P. purchased a new position in shares of TransUnion in the first quarter worth $122,000. Finally, Strs Ohio lifted its holdings in shares of TransUnion by 23.9% in the first quarter. Strs Ohio now owns 2,343 shares of the business services provider’s stock worth $156,000 after buying an additional 452 shares in the last quarter.

About TransUnion (NYSE:TRU)

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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