PNC Financial Services Group Inc. Takes Position in TransUnion (TRU)

PNC Financial Services Group Inc. purchased a new stake in shares of TransUnion (NYSE:TRU) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,269 shares of the business services provider’s stock, valued at approximately $401,000.

A number of other hedge funds also recently added to or reduced their stakes in TRU. Aperio Group LLC lifted its position in shares of TransUnion by 2.7% during the 2nd quarter. Aperio Group LLC now owns 12,220 shares of the business services provider’s stock worth $529,000 after buying an additional 321 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of TransUnion by 17.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,780 shares of the business services provider’s stock worth $207,000 after buying an additional 694 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of TransUnion by 14.7% during the 1st quarter. Teacher Retirement System of Texas now owns 8,515 shares of the business services provider’s stock worth $327,000 after buying an additional 1,094 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of TransUnion by 12.5% in the 2nd quarter. Prudential Financial Inc. now owns 10,690 shares of the business services provider’s stock worth $463,000 after purchasing an additional 1,190 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of TransUnion by 22.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,629 shares of the business services provider’s stock worth $292,000 after purchasing an additional 1,409 shares during the period.

In related news, EVP Samuel A. Hamood sold 21,341 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $42.95, for a total value of $916,595.95. Following the completion of the sale, the executive vice president now owns 20,243 shares of the company’s stock, valued at $869,436.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher Egan sold 201,753 shares of the company’s stock in a transaction dated 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 sold 14,031,682 shares of company stock valued at $639,882,705 over the last quarter. Company insiders own 2.10% of the company’s stock.

A number of equities research analysts recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $50.00 price target (up previously from $47.00) on shares of TransUnion in a report on Wednesday, July 26th. Zacks Investment Research raised shares of TransUnion from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Thursday, September 7th. SunTrust Banks, Inc. began coverage on shares of TransUnion in a research note on Tuesday, September 5th. They issued a “buy” rating and a $54.00 price objective for the company. Cowen and Company reiterated a “buy” rating and issued a $48.00 price objective on shares of TransUnion in a research note on Thursday, September 7th. Finally, BidaskClub upgraded shares of TransUnion from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. TransUnion currently has a consensus rating of “Buy” and an average target price of $50.89.

TransUnion (TRU) opened at 53.75 on Friday. The company has a 50-day moving average of $47.61 and a 200 day moving average of $47.61. The stock has a market capitalization of $9.78 billion, a price-to-earnings ratio of 46.26 and a beta of 0.58. TransUnion has a 12 month low of $28.92 and a 12 month high of $54.49.

TransUnion (NYSE:TRU) last posted its quarterly earnings data on Friday, October 27th. The business services provider reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The company had revenue of $498.00 million during the quarter, compared to analysts’ expectations of $475.52 million. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. On average, equities research analysts anticipate that TransUnion will post $1.83 earnings per share for the current fiscal year.

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TransUnion 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.

Institutional Ownership by Quarter for TransUnion (NYSE:TRU)

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