Renaissance Technologies LLC Acquires 747,500 Shares of TransUnion (TRU)

Renaissance Technologies LLC raised its stake in shares of TransUnion (NYSE:TRU) by 408.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 930,300 shares of the business services provider’s stock after buying an additional 747,500 shares during the period. Renaissance Technologies LLC owned about 0.51% of TransUnion worth $35,677,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Neuberger Berman Group LLC purchased a new position in shares of TransUnion during the first quarter worth approximately $100,801,000. William Blair Investment Management LLC purchased a new position in shares of TransUnion during the first quarter worth approximately $89,054,000. Wellington Management Group LLP raised its position in shares of TransUnion by 10.0% in the first quarter. Wellington Management Group LLP now owns 22,516,374 shares of the business services provider’s stock worth $863,504,000 after buying an additional 2,041,422 shares in the last quarter. Vanguard Group Inc. raised its position in shares of TransUnion by 25.5% in the first quarter. Vanguard Group Inc. now owns 8,273,610 shares of the business services provider’s stock worth $317,293,000 after buying an additional 1,680,062 shares in the last quarter. Finally, Columbia Wanger Asset Management LLC purchased a new position in shares of TransUnion during the first quarter worth approximately $49,855,000.

TransUnion (TRU) opened at 44.30 on Tuesday. TransUnion has a one year low of $28.92 and a one year high of $44.88. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 48.52 and a beta of 0.59. The firm has a 50-day moving average of $42.34 and a 200-day moving average of $36.93.

TransUnion (NYSE:TRU) last released its quarterly earnings data 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 company 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 firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. Analysts anticipate that TransUnion will post $1.78 EPS for the current year.

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A number of brokerages have commented on TRU. Atlantic Securities began coverage on shares of TransUnion in a report on Thursday, March 23rd. They issued a “neutral” rating and a $42.00 price objective on the stock. Zacks Investment Research lowered shares of TransUnion from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Deutsche Bank AG reiterated a “buy” rating and issued a $47.00 price objective (up previously from $45.00) on shares of TransUnion in a report on Saturday, April 29th. Barclays PLC reiterated an “overweight” rating and issued a $48.00 price objective (up previously from $45.00) on shares of TransUnion in a report on Friday, June 16th. Finally, Cowen and Company boosted their price objective on shares of TransUnion from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.00.

In other news, EVP John W. Blenke sold 10,000 shares of the firm’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 transaction, the executive vice president now directly owns 114,717 shares of the company’s stock, valued at approximately $4,797,464.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder International Corp/Ma Advent sold 11,027,445 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $39.15, for a total transaction of $431,724,471.75. The disclosure for this sale can be found here. Insiders have sold a total of 11,337,475 shares of company stock valued at $443,873,273 over the last ninety days. 2.10% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for TransUnion (NYSE:TRU)

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