Stock Traders Buy Large Volume of TransUnion Put Options (TRU)

TransUnion (NYSE:TRU) saw unusually large options trading activity on Thursday. Stock traders purchased 15,425 put options on the company. This is an increase of 1,999% compared to the average daily volume of 735 put options.

In other TransUnion news, EVP John W. Blenke sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 owns 114,717 shares of the company’s stock, valued at $4,797,464.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David M. Neenan sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $39.15, for a total transaction of $2,349,000.00. Following the transaction, the executive vice president now directly owns 80,430 shares of the company’s stock, valued at approximately $3,148,834.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,439,994 shares of company stock valued at $849,923,194. 1.60% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Seven Eight Capital LP bought a new position in shares of TransUnion during the fourth quarter worth about $114,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in TransUnion by 37.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the business services provider’s stock valued at $157,000 after buying an additional 1,108 shares during the period. Envestnet Asset Management Inc. increased its stake in TransUnion by 10.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,220 shares of the business services provider’s stock valued at $193,000 after buying an additional 609 shares during the period. CIBC Asset Management Inc acquired a new stake in TransUnion during the third quarter valued at approximately $202,000. Finally, MUFG Americas Holdings Corp acquired a new stake in TransUnion during the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 99.18% of the company’s stock.

Shares of TransUnion (NYSE:TRU) opened at 41.90 on Friday. The stock has a market cap of $7.65 billion, a PE ratio of 45.89 and a beta of 0.38. The company has a 50-day moving average of $39.81 and a 200 day moving average of $34.97. TransUnion has a one year low of $28.92 and a one year high of $42.30.

TransUnion (NYSE:TRU) last issued its quarterly earnings results on Tuesday, April 25th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.06. TransUnion had a net margin of 5.46% and a return on equity of 16.65%. The business had revenue of $445 million for the quarter, compared to analyst estimates of $444.53 million. During the same quarter in the prior year, the business posted $0.32 EPS. TransUnion’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts predict that TransUnion will post $1.78 earnings per share for the current year.

Several brokerages recently weighed in on TRU. Zacks Investment Research downgraded shares of TransUnion from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Royal Bank of Canada reissued a “buy” rating and set a $45.00 price target on shares of TransUnion in a research report on Wednesday, April 26th. Barclays PLC reissued a “buy” rating and set a $45.00 price target on shares of TransUnion in a research report on Thursday, April 27th. 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 research report on Wednesday, April 26th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $47.00 price target (up previously from $45.00) on shares of TransUnion in a research report on Saturday, April 29th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. TransUnion has a consensus rating of “Buy” and an average price target of $42.78.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://transcriptdaily.com/2017/05/20/stock-traders-buy-high-volume-of-transunion-put-options-tru-updated-updated.html.

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.

12 Month Chart for NYSE:TRU

Receive News & Ratings for TransUnion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransUnion and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply