First Mercantile Trust Co. continued to hold its stake in shares of NeuStar Inc. (NYSE:NSR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,000 shares of the company’s stock at the end of the second quarter. First Mercantile Trust Co.’s holdings in NeuStar were worth $259,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Huntington National Bank boosted its stake in shares of NeuStar by 95.0% in the second quarter. Huntington National Bank now owns 4,534 shares of the company’s stock valued at $107,000 after buying an additional 2,209 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of NeuStar by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 7,413 shares of the company’s stock valued at $174,000 after buying an additional 898 shares during the last quarter. Sterneck Capital Management LLC bought a new stake in shares of NeuStar during the first quarter valued at about $200,000. Suntrust Banks Inc. boosted its stake in shares of NeuStar by 1.6% in the second quarter. Suntrust Banks Inc. now owns 8,620 shares of the company’s stock valued at $202,000 after buying an additional 136 shares during the last quarter. Finally, Parametrica Management Ltd bought a new stake in shares of NeuStar during the second quarter valued at about $220,000.
NeuStar Inc. (NYSE:NSR) opened at 26.59 on Monday. The stock’s 50 day moving average price is $25.49 and its 200-day moving average price is $24.58. NeuStar Inc. has a 12-month low of $20.00 and a 12-month high of $30.11. The stock has a market capitalization of $1.45 billion, a PE ratio of 9.53 and a beta of 1.46.
NeuStar (NYSE:NSR) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.05. The firm earned $297.60 million during the quarter, compared to analysts’ expectations of $297.37 million. NeuStar had a return on equity of 33.76% and a net margin of 13.64%. NeuStar’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. Analysts expect that NeuStar Inc. will post $5.21 earnings per share for the current year.
Several analysts have issued reports on NSR shares. Zacks Investment Research upgraded NeuStar from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, August 3rd. Deutsche Bank AG restated a “hold” rating and issued a $30.00 target price on shares of NeuStar in a report on Friday, July 29th. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of NeuStar in a report on Tuesday, June 21st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.00.
In related news, SVP Henry Skorny sold 24,677 shares of NeuStar stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $23.44, for a total transaction of $578,428.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.91% of the company’s stock.
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