It is trading at $52.49 which is just over the 50 day moving average which is $48.14 and just above the 200 day moving average of $48.13. The 50 day moving average moved up $4.35 whereas the 200 day moving average was up $4.36 or +9.05%. Trading was heavy with 5,146K shares changing hands by the end of trading on Tuesday. Volume was up 195.78% over the stocks average daily volume.
Short traders are feeling a little more bearish on TransUnion if you watch the uptick in short interest. The company had a rise in short interest from September 29, 2017 to October 13, 2017 of 16.74%. Short interest increased from 3,968,359 to 4,632,747 over that period. With short interest at 4,632,747 and short average daily volume at 1,337,159, days to cover is 3.0 and the percentage of shorted shares is 0.03% as of October 13.
Here is a rundown on some insider market activity for TransUnion (NYSE:TRU). Timothy Elberfeld, VP let go of $8,978 worth of shares at an average price of $49.33 on October 6th. That brings Elberfeld’s holdings to $742,860 as recorded in a recent Form 4 SEC filing. James M. Peck, President and CEO sold $1,876,323 worth of shares at an average price of $47.83 on Fri the 1st. The President and CEO now owns $18,902,225 of the stock per an SEC filing yesterday.
A few notable investment firms have updated their holdings. First Trust Advisors Lp cut its position by selling 2,291 shares a decrease of 0.5% as of 09/30/2017. First Trust Advisors Lp owns 446,431 shares with a value of $21,098,000. The total value of its holdings increased 8.6%. As of the end of the quarter Huntington National Bank had sold a total of 576 shares trimming its holdings by 67.1%. The value of the company’s investment in TransUnion went from $37,000 to $13,000 decreasing 64.9% since the last quarter.
As of quarter end Calamos Advisors LLC had acquired 102,350 shares growing its position 28.0%. The value of the investment in (TRU) increased from $15,857,000 to $22,140,000 a change of $6,283,000 quarter over quarter. As of the end of the quarter Aperio Group, LLC had bought a total of 777 shares growing its stake by 6.4%. The value of the investment in TransUnion increased from $529,000 to $614,000 a change of 16.1% quarter to quarter.
September 14 investment analysts at Barclays left the company rating at “Overweight” and moved up the price target from $37.00 to $50.00. On October 23 Morgan Stanley maintained a company rating of “Overweight” and raised the price expectation to $51.00 from $50.00.
October 24 investment analysts at Deutsche Bank held the stock rating at “Buy” but raised the price expectation to $55.00 from $32.00.
The P/E ratio is 45.17 and the market value is 9.55B. As of the latest earnings report the EPS was $1.16 and is projected to be $1.86 for the current year with 181,899,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.48 with next year’s EPS projected to be $2.11.
TransUnion, launched on February 15, 2012, is a risk and information solutions provider to businesses and consumers. The Company operates through three segments: U.S. Information Services (USIS), International and Consumer Interactive. Its solutions are used by businesses for their process workflows to acquire new customers, assess consumer ability to pay for services, identify cross-selling opportunities, measure and manage debt portfolio risk, collect debt, verify consumer identities and investigate potential fraud. Its solutions are used by consumers to view their credit profiles and access analytical tools that help them understand and manage their personal information, and take precautions against identity theft. The Company possesses both nationwide consumer credit data and public records data, which allows it to predict behaviors, assess risk and address a set of business issues for the customers. The Company offers its services across various industries, including financial services, specialized risk, insurance and healthcare. As of December 31, 2016, the Company operated in over 30 countries across North America, Africa, Latin America and Asia. As of December 31, 2016, the Business’s solutions are based on a foundation of financial, credit, alternative credit, identity, bankruptcy, lien, judgment, insurance claims, automotive and other relevant information from 90,000 data sources, including financial institutions, private databases and public records repositories..Advertisement