TransUnion (NYSE:TRU) Upgraded to “Outperform” by Wolfe Research

Wolfe Research upgraded shares of TransUnion (NYSE:TRU) from a peer perform rating to an outperform rating in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has $130.00 price target on the business services provider’s stock.

TRU has been the subject of several other research reports. Bank of America raised TransUnion from a neutral rating to a buy rating and set a $92.00 price target for the company in a report on Thursday, June 20th. Robert W. Baird increased their price objective on TransUnion from $94.00 to $104.00 and gave the stock an outperform rating in a research report on Friday, July 26th. Royal Bank of Canada increased their price objective on TransUnion from $85.00 to $106.00 and gave the stock an outperform rating in a research report on Friday, July 26th. Morgan Stanley increased their price objective on TransUnion from $96.00 to $103.00 and gave the stock an overweight rating in a research report on Thursday, September 12th. Finally, The Goldman Sachs Group increased their price objective on TransUnion from $97.00 to $109.00 and gave the stock a neutral rating in a research report on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $98.71.

TransUnion Trading Down 1.4 %

NYSE TRU opened at $105.03 on Thursday. The stock has a 50 day moving average of $97.27 and a 200-day moving average of $83.53. TransUnion has a 12 month low of $42.09 and a 12 month high of $108.56. The company has a market cap of $20.41 billion, a PE ratio of -82.70, a PEG ratio of 1.42 and a beta of 1.62. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.22.

TransUnion (NYSE:TRU) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.13. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted $0.76 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities research analysts anticipate that TransUnion will post 3.45 EPS for the current fiscal year.

TransUnion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Friday, August 23rd. TransUnion’s payout ratio is -33.07%.

Insider Activity

In other news, EVP Heather J. Russell sold 3,173 shares of TransUnion stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction of $303,275.34. Following the sale, the executive vice president now directly owns 19,926 shares of the company’s stock, valued at approximately $1,904,527.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Heather J. Russell sold 3,173 shares of TransUnion stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $303,275.34. Following the transaction, the executive vice president now directly owns 19,926 shares of the company’s stock, valued at $1,904,527.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy J. Martin sold 2,500 shares of TransUnion stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total value of $261,475.00. Following the completion of the transaction, the executive vice president now directly owns 46,739 shares in the company, valued at approximately $4,888,432.01. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,715 shares of company stock valued at $1,299,729. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TransUnion

Hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its holdings in TransUnion by 237.5% in the first quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock worth $39,000 after purchasing an additional 342 shares in the last quarter. Quarry LP increased its holdings in shares of TransUnion by 963.0% during the second quarter. Quarry LP now owns 574 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 520 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of TransUnion by 32.9% during the first quarter. GAMMA Investing LLC now owns 573 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 142 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of TransUnion by 22.3% during the second quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 166 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of TransUnion by 156.6% during the second quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 523 shares in the last quarter.

About TransUnion

TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates through U.S. Markets, International, and Consumer Interactive segments. The U.S. Markets segment provides consumer reports, actionable insights, and analytic services to businesses, which uses its services 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 mitigate fraud risk.