TransUnion (TRU) Short Interest Up 153.3% in June
TransUnion (NYSE:TRU) saw a large increase in short interest in June. As of June 30th, there was short interest totalling 2,853,183 shares, an increase of 153.3% from the June 15th total of 1,126,567 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average trading volume of 1,396,292 shares, the short-interest ratio is presently 2.0 days.
In related news, EVP John W. Blenke sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $41.82, for a total transaction of $418,200.00. Following the completion of the sale, the executive vice president now owns 114,717 shares of the company’s stock, valued at approximately $4,797,464.94. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George M. Awad sold 13,500 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $39.15, for a total transaction of $528,525.00. Following the sale, the director now directly owns 6,646 shares of the company’s stock, valued at approximately $260,190.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,320,945 shares of company stock valued at $443,241,697. 2.10% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky increased its stake in shares of TransUnion by 1.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 162,091 shares of the business services provider’s stock worth $6,216,000 after buying an additional 2,504 shares during the period. Point72 Asset Management L.P. increased its stake in shares of TransUnion by 988.7% in the first quarter. Point72 Asset Management L.P. now owns 1,663,585 shares of the business services provider’s stock worth $63,798,000 after buying an additional 1,510,785 shares during the period. FNY Partners Fund LP purchased a new stake in shares of TransUnion during the first quarter worth approximately $268,000. Blue Sky Asset Management LLC purchased a new stake in shares of TransUnion during the first quarter worth approximately $831,000. Finally, Credit Suisse AG increased its stake in shares of TransUnion by 133.0% in the first quarter. Credit Suisse AG now owns 357,819 shares of the business services provider’s stock worth $13,722,000 after buying an additional 204,278 shares during the period.
TRU has been the subject of several research reports. Zacks Investment Research cut shares of TransUnion from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 price objective on shares of TransUnion in a research note on Wednesday, April 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $47.00 price objective (up previously from $45.00) on shares of TransUnion in a research note on Tuesday. Cowen and Company upped their price objective on shares of TransUnion from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of TransUnion in a research note on Thursday, April 27th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $45.13.
TransUnion (NYSE TRU) opened at 45.00 on Wednesday. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 49.29 and a beta of 0.60. The firm has a 50-day moving average of $43.66 and a 200 day moving average of $38.78. TransUnion has a 12-month low of $28.92 and a 12-month high of $45.20.
TransUnion (NYSE:TRU) last issued its quarterly earnings results on Tuesday, April 25th. The business services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $445 million during the quarter, compared to the consensus estimate of $444.53 million. TransUnion had a net margin of 9.71% and a return on equity of 19.14%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 earnings per share. On average, equities analysts predict that TransUnion will post $1.79 EPS for the current year.
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TransUnion Company Profile
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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