TransUnion (NYSE:TRU) Releases Earnings Results, Beats Estimates By $0.03 EPS

TransUnion (NYSE:TRU) released its quarterly earnings results on Tuesday. The business services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03, Bloomberg Earnings reports. The business had revenue of $474.80 million for the quarter, compared to the consensus estimate of $464.77 million. TransUnion had a net margin of 12.08% and a return on equity of 20.37%. TransUnion’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. TransUnion updated its Q3 guidance to 0.45-0.46 EPS.

TransUnion (TRU) opened at 45.53 on Thursday. TransUnion has a 1-year low of $28.92 and a 1-year high of $46.32. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 49.87 and a beta of 0.59. The company has a 50-day moving average of $43.99 and a 200-day moving average of $39.28.

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A number of research analysts have recently weighed in on TRU shares. Zacks Investment Research upgraded shares of TransUnion from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Tuesday, April 4th. Cowen and Company raised their price target on shares of TransUnion from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Royal Bank Of Canada restated a “buy” rating and set a $45.00 price target on shares of TransUnion in a report on Wednesday, April 26th. Barclays PLC reiterated a “buy” rating and issued a $45.00 target price on shares of TransUnion in a research note on Thursday, April 27th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $47.00 target price (up from $45.00) on shares of TransUnion in a research note on Saturday, April 29th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.50.

In other TransUnion news, EVP John W. Blenke sold 10,000 shares of the 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 sale, the executive vice president now directly owns 114,717 shares in the company, valued at $4,797,464.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David M. Neenan sold 60,000 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $39.15, for a total transaction of $2,349,000.00. Following the sale, the executive vice president now owns 80,430 shares in the company, valued at $3,148,834.50. The disclosure for this sale can be found here. Insiders sold 11,320,945 shares of company stock worth $443,241,697 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its stake in shares of TransUnion by 1.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 18,646 shares of the business services provider’s stock worth $577,000 after buying an additional 345 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of TransUnion by 154.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 258,758 shares of the business services provider’s stock worth $8,003,000 after buying an additional 157,122 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of TransUnion by 10.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,220 shares of the business services provider’s stock worth $193,000 after buying an additional 609 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of TransUnion by 17.4% in the fourth quarter. GSA Capital Partners LLP now owns 7,324 shares of the business services provider’s stock worth $227,000 after buying an additional 1,085 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in shares of TransUnion by 6.5% in the fourth quarter. Guggenheim Capital LLC now owns 34,575 shares of the business services provider’s stock worth $1,069,000 after buying an additional 2,099 shares during the last quarter.

About TransUnion

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.