TransUnion (NYSE:TRU) – Analysts at SunTrust Banks upped their FY2017 earnings per share (EPS) estimates for shares of TransUnion in a research note issued on Friday. SunTrust Banks analyst A. Jeffrey now expects that the business services provider will post earnings of $1.71 per share for the year, up from their prior forecast of $1.70. SunTrust Banks has a “Buy” rating and a $56.00 price objective on the stock. SunTrust Banks also issued estimates for TransUnion’s FY2018 earnings at $1.93 EPS.
TRU has been the subject of several other research reports. Deutsche Bank AG reiterated a “buy” rating on shares of TransUnion in a research note on Friday, September 8th. Morgan Stanley reiterated an “overweight” rating and issued a $50.00 price objective (up previously from $47.00) on shares of TransUnion in a research note on Wednesday, July 26th. TheStreet upgraded shares of TransUnion from a “c” rating to a “b-” rating in a research note on Monday, June 26th. Zacks Investment Research upgraded shares of TransUnion from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, August 23rd. Finally, BidaskClub upgraded shares of TransUnion from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. TransUnion currently has a consensus rating of “Buy” and an average target price of $48.56.
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Shares of TransUnion (NYSE TRU) opened at 49.66 on Monday. TransUnion has a 12 month low of $28.92 and a 12 month high of $50.15. The stock’s 50 day moving average is $46.71 and its 200 day moving average is $46.71. The company has a market cap of $9.03 billion, a P/E ratio of 42.74 and a beta of 0.58.
TransUnion (NYSE:TRU) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The company had revenue of $474.80 million during the quarter, compared to the consensus estimate of $464.77 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year.
In other TransUnion news, insider James M. Peck sold 39,229 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $47.83, for a total transaction of $1,876,323.07. Following the completion of the sale, the insider now owns 202,343 shares in the company, valued at approximately $9,678,065.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher Egan sold 201,753 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $45.60, for a total transaction of $9,199,936.80. The disclosure for this sale can be found here. Insiders have sold a total of 14,108,242 shares of company stock valued at $643,363,096 in the last 90 days. 2.10% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Great West Life Assurance Co. Can grew its stake in shares of TransUnion by 37.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 11,789 shares of the business services provider’s stock worth $451,000 after acquiring an additional 3,200 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of TransUnion by 30.5% in the 1st quarter. Bank of New York Mellon Corp now owns 268,345 shares of the business services provider’s stock worth $10,292,000 after acquiring an additional 62,727 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of TransUnion by 67.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 57,706 shares of the business services provider’s stock worth $2,213,000 after acquiring an additional 23,232 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of TransUnion in the 1st quarter worth $456,000. Finally, Parametric Portfolio Associates LLC grew its stake in shares of TransUnion by 88.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 137,893 shares of the business services provider’s stock worth $5,288,000 after acquiring an additional 64,594 shares in the last quarter.
TransUnion is a risk and information solutions provider to businesses and consumers. The Company provides consumer reports, risk scores, analytical services and decision capabilities to businesses. The Company operates through three segments: U.S. Information Services (USIS), International and Consumer Interactive.
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