Artisan Partners Limited Partnership purchased a new position in TransUnion (NYSE:TRU) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,108,177 shares of the business services provider’s stock, valued at approximately $99,632,000. Artisan Partners Limited Partnership owned about 1.16% of TransUnion at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of TRU. Atlanta Capital Management Co. L L C increased its stake in shares of TransUnion by 43.6% in the second quarter. Atlanta Capital Management Co. L L C now owns 8,359,334 shares of the business services provider’s stock worth $362,043,000 after acquiring an additional 2,536,898 shares during the last quarter. Egerton Capital UK LLP boosted its holdings in TransUnion by 114.8% in the third quarter. Egerton Capital UK LLP now owns 4,574,259 shares of the business services provider’s stock worth $216,179,000 after purchasing an additional 2,444,617 shares in the last quarter. TimesSquare Capital Management LLC boosted its holdings in TransUnion by 80.4% in the third quarter. TimesSquare Capital Management LLC now owns 3,871,900 shares of the business services provider’s stock worth $182,986,000 after purchasing an additional 1,725,300 shares in the last quarter. BlackRock Inc. boosted its holdings in TransUnion by 49.1% in the second quarter. BlackRock Inc. now owns 4,841,716 shares of the business services provider’s stock worth $209,693,000 after purchasing an additional 1,594,833 shares in the last quarter. Finally, FMR LLC boosted its holdings in TransUnion by 25.8% in the second quarter. FMR LLC now owns 7,589,877 shares of the business services provider’s stock worth $328,718,000 after purchasing an additional 1,557,572 shares in the last quarter.
Shares of TransUnion (NYSE TRU) traded up $0.13 during trading hours on Friday, reaching $55.65. 1,226,851 shares of the company were exchanged, compared to its average volume of 1,439,180. The company has a market capitalization of $10,149.89, a PE ratio of 32.93, a PEG ratio of 3.26 and a beta of 0.64. TransUnion has a 12-month low of $28.99 and a 12-month high of $56.21. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.84 and a quick ratio of 1.84.
In other TransUnion news, EVP Christopher A. Cartwright sold 234,565 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $55.05, for a total transaction of $12,912,803.25. Following the completion of the sale, the executive vice president now directly owns 105,917 shares in the company, valued at $5,830,730.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Todd M. Cello sold 4,110 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $52.97, for a total transaction of $217,706.70. Following the sale, the chief financial officer now owns 21,963 shares of the company’s stock, valued at $1,163,380.11. The disclosure for this sale can be found here. Insiders have sold 4,195,480 shares of company stock valued at $218,820,974 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.
A number of brokerages recently issued reports on TRU. Atlantic Securities upgraded shares of TransUnion from a “neutral” rating to an “overweight” rating in a report on Friday, November 17th. Royal Bank Of Canada reiterated a “buy” rating and issued a $57.00 price objective on shares of TransUnion in a report on Friday, October 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $59.00 price objective (up from $50.00) on shares of TransUnion in a report on Sunday, October 29th. Morgan Stanley cut shares of TransUnion from an “overweight” rating to an “equal weight” rating and set a $54.00 price objective for the company. in a report on Monday, October 30th. Finally, SunTrust Banks upped their price objective on shares of TransUnion to $64.00 and gave the stock a “buy” rating in a report on Monday, October 30th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. TransUnion presently has an average rating of “Buy” and a consensus target price of $55.00.
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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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