TransUnion (NYSE:TRU) Price Target Cut to $90.00 by Analysts at Atlantic Securities

TransUnion (NYSE:TRUGet Rating) had its price objective decreased by Atlantic Securities from $100.00 to $90.00 in a research report released on Thursday, The Fly reports. Atlantic Securities currently has an overweight rating on the business services provider’s stock.

Several other research firms also recently weighed in on TRU. Morgan Stanley reduced their target price on shares of TransUnion from $91.00 to $88.00 and set an equal weight rating for the company in a research note on Wednesday, July 27th. StockNews.com upgraded shares of TransUnion from a sell rating to a hold rating in a research note on Friday, September 16th. Barclays reduced their target price on shares of TransUnion from $105.00 to $88.00 and set an overweight rating for the company in a research note on Friday, June 17th. Truist Financial reduced their price objective on shares of TransUnion to $82.00 and set an outperform rating for the company in a research note on Wednesday, July 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of TransUnion from $111.00 to $101.00 in a research note on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $96.08.

TransUnion Stock Performance

NYSE TRU opened at $63.66 on Thursday. TransUnion has a 52-week low of $62.81 and a 52-week high of $120.91. The company has a 50-day simple moving average of $77.81 and a 200 day simple moving average of $84.84. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market capitalization of $12.25 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 0.65 and a beta of 1.30.

TransUnion (NYSE:TRUGet Rating) last posted its earnings results on Tuesday, July 26th. The business services provider reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89. The firm had revenue of $948.30 million during the quarter, compared to the consensus estimate of $964.38 million. TransUnion had a net margin of 36.96% and a return on equity of 17.20%. The company’s revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. On average, research analysts predict that TransUnion will post 3.42 EPS for the current year.

TransUnion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Thursday, August 25th were given a dividend of $0.105 per share. The ex-dividend date was Wednesday, August 24th. This is a positive change from TransUnion’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a yield of 0.66%. TransUnion’s payout ratio is presently 6.36%.

Insider Buying and Selling at TransUnion

In related news, CEO Christopher A. Cartwright bought 25,000 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was acquired at an average cost of $79.42 per share, for a total transaction of $1,985,500.00. Following the completion of the transaction, the chief executive officer now directly owns 226,410 shares in the company, valued at approximately $17,981,482.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TransUnion

A number of hedge funds have recently made changes to their positions in TRU. Ronald Blue Trust Inc. bought a new stake in shares of TransUnion in the 2nd quarter worth approximately $27,000. Standard Family Office LLC bought a new stake in shares of TransUnion in the 4th quarter worth approximately $30,000. Riverview Trust Co bought a new stake in shares of TransUnion in the 1st quarter worth approximately $32,000. GW&K Investment Management LLC bought a new stake in shares of TransUnion in the 1st quarter worth approximately $35,000. Finally, NuWave Investment Management LLC bought a new stake in shares of TransUnion in the 2nd quarter worth approximately $35,000. 98.39% of the stock is currently owned by institutional investors.

About TransUnion

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TransUnion provides risk and information solutions. The company operates in three segments: U.S. Markets, International, and Consumer Interactive. The U.S. Markets segment provides consumer reports, actionable insights, and analytics to businesses. These businesses use 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.

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Analyst Recommendations for TransUnion (NYSE:TRU)

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