TransUnion (NYSE:TRU) Price Target Raised to $90.00

TransUnion (NYSE:TRU) had its target price increased by Morgan Stanley from $87.00 to $90.00 in a report issued on Friday, Benzinga reports. The firm currently has an overweight rating on the business services provider’s stock.

Several other analysts have also recently commented on the stock. Robert W. Baird raised their target price on shares of TransUnion from $87.00 to $94.00 and gave the stock an outperform rating in a research note on Friday. Oppenheimer raised their target price on shares of TransUnion from $81.00 to $90.00 and gave the stock an outperform rating in a research note on Tuesday, April 9th. Evercore ISI raised their target price on shares of TransUnion from $70.00 to $80.00 and gave the stock an in-line rating in a research note on Tuesday, March 26th. StockNews.com upgraded shares of TransUnion from a sell rating to a hold rating in a research note on Tuesday, January 23rd. Finally, Needham & Company LLC raised their price objective on shares of TransUnion from $87.00 to $89.00 and gave the company a buy rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, TransUnion has an average rating of Moderate Buy and a consensus price target of $83.60.

TransUnion Stock Up 0.3 %

Shares of NYSE:TRU opened at $74.49 on Friday. The stock has a market cap of $14.47 billion, a P/E ratio of -52.09, a P/E/G ratio of 1.15 and a beta of 1.61. The firm has a fifty day moving average price of $76.32 and a 200 day moving average price of $67.85. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.47 and a quick ratio of 1.47. TransUnion has a 1-year low of $42.09 and a 1-year high of $82.75.

TransUnion (NYSE:TRU) last released its earnings results on Thursday, April 25th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.71 by $0.12. TransUnion had a negative net margin of 7.02% and a positive return on equity of 14.22%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $977.62 million. Sell-side analysts predict that TransUnion will post 3.31 EPS for the current year.

TransUnion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, March 7th were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.42 annualized dividend and a yield of 0.56%. TransUnion’s dividend payout ratio (DPR) is currently -29.37%.

Insider Buying and Selling at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,775 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $81.30, for a total transaction of $144,307.50. Following the completion of the transaction, the insider now directly owns 75,099 shares in the company, valued at approximately $6,105,548.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Richard Dane Mauldin sold 1,500 shares of TransUnion stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $78.10, for a total transaction of $117,150.00. Following the completion of the sale, the executive vice president now directly owns 22,033 shares in the company, valued at $1,720,777.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven M. Chaouki sold 1,775 shares of TransUnion stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $81.30, for a total transaction of $144,307.50. Following the sale, the insider now owns 75,099 shares of the company’s stock, valued at $6,105,548.70. The disclosure for this sale can be found here. In the last three months, insiders sold 15,275 shares of company stock worth $1,204,538. 0.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TransUnion

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in TransUnion by 11.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 7,095 shares of the business services provider’s stock valued at $487,000 after purchasing an additional 715 shares during the period. Lecap Asset Management Ltd. purchased a new stake in TransUnion in the fourth quarter valued at approximately $1,006,000. Heron Bay Capital Management grew its holdings in TransUnion by 37.3% in the fourth quarter. Heron Bay Capital Management now owns 172,458 shares of the business services provider’s stock valued at $11,850,000 after purchasing an additional 46,826 shares during the period. SG Americas Securities LLC grew its holdings in TransUnion by 204.6% in the fourth quarter. SG Americas Securities LLC now owns 45,126 shares of the business services provider’s stock valued at $3,101,000 after purchasing an additional 30,312 shares during the period. Finally, DAVENPORT & Co LLC grew its holdings in TransUnion by 607.6% in the fourth quarter. DAVENPORT & Co LLC now owns 20,917 shares of the business services provider’s stock valued at $1,446,000 after purchasing an additional 17,961 shares during the period.

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.