TransUnion (NYSE:TRU – Free Report) had its target price hoisted by Needham & Company LLC from $85.00 to $95.00 in a research note issued to investors on Wednesday morning, Marketbeat reports. Needham & Company LLC currently has a buy rating on the business services provider’s stock.
A number of other research analysts have also recently issued reports on the stock. Morgan Stanley cut their target price on shares of TransUnion from $106.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Mizuho reduced their target price on TransUnion from $77.00 to $74.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. Robert W. Baird increased their price target on TransUnion from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada dropped their price target on TransUnion from $100.00 to $92.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Finally, Wall Street Zen cut TransUnion from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.69.
Check Out Our Latest Analysis on TRU
TransUnion Stock Up 1.7%
Shares of TRU stock opened at $76.74 on Wednesday. The firm has a market cap of $14.63 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. TransUnion has a 12 month low of $60.96 and a 12 month high of $89.12. The stock has a 50 day moving average of $74.50 and a 200-day moving average of $74.26. The company has a quick ratio of 1.90, a current ratio of 2.03 and a debt-to-equity ratio of 1.07.
TransUnion (NYSE:TRU – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The business services provider reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.04. TransUnion had a return on equity of 16.51% and a net margin of 15.83%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm earned $1.10 EPS. TransUnion’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts predict that TransUnion will post 4.24 EPS for the current year.
TransUnion Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.1350 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.7%. This is an increase from TransUnion’s previous quarterly dividend of $0.1250. The ex-dividend date of this dividend is Tuesday, November 10th. TransUnion’s payout ratio is currently 12.17%.
Insider Buying and Selling
In related news, insider Todd C. Skinner sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $62.29, for a total value of $62,290.00. Following the transaction, the insider owned 54,764 shares in the company, valued at $3,411,249.56. This trade represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Venkat Achanta sold 23,287 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $77.00, for a total value of $1,793,099.00. Following the completion of the transaction, the executive vice president owned 196,912 shares in the company, valued at approximately $15,162,224. This represents a 10.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 41,377 shares of company stock worth $3,200,570. 0.37% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its holdings in TransUnion by 12.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,187 shares of the business services provider’s stock worth $86,000 after acquiring an additional 132 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in TransUnion by 14.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,188 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 152 shares during the period. Raiffeisen Bank International AG raised its stake in TransUnion by 2.0% in the 2nd quarter. Raiffeisen Bank International AG now owns 9,468 shares of the business services provider’s stock valued at $680,000 after acquiring an additional 187 shares during the period. Applied Finance Capital Management LLC boosted its position in TransUnion by 4.7% during the first quarter. Applied Finance Capital Management LLC now owns 4,576 shares of the business services provider’s stock worth $317,000 after purchasing an additional 204 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of TransUnion by 26.7% in the first quarter. Parallel Advisors LLC now owns 1,050 shares of the business services provider’s stock worth $73,000 after purchasing an additional 221 shares in the last quarter.
About TransUnion
TransUnion (NYSE: TRU) is a global information and insights company that helps businesses and consumers make more informed decisions. The company collects, analyzes and delivers data related to credit, identity, fraud and consumer behavior, serving customers across financial services, insurance, healthcare, retail, telecommunications and other industries.
Its products and services include consumer credit reports and scores, credit-risk assessment, marketing and audience insights, identity verification, fraud detection, investigative tools and decisioning software.
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