TransUnion (NYSE:TRU) Price Target Raised to $106.00

TransUnion (NYSE:TRU) had its target price raised by Royal Bank of Canada from $85.00 to $106.00 in a research report released on Friday, Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

TRU has been the topic of a number of other research reports. Morgan Stanley upped their target price on shares of TransUnion from $87.00 to $90.00 and gave the company an overweight rating in a research note on Friday, April 26th. Oppenheimer raised their target price on TransUnion from $81.00 to $90.00 and gave the stock an outperform rating in a research report on Tuesday, April 9th. Wolfe Research started coverage on TransUnion in a research report on Tuesday, July 9th. They issued a peer perform rating on the stock. Stifel Nicolaus lifted their price objective on TransUnion from $83.00 to $92.00 and gave the company a buy rating in a report on Friday, April 26th. Finally, Bank of America raised shares of TransUnion from a neutral rating to a buy rating and set a $92.00 target price on the stock in a report on Thursday, June 20th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TransUnion has an average rating of Moderate Buy and an average target price of $86.80.

TransUnion Stock Performance

NYSE:TRU opened at $86.46 on Friday. The firm has a market capitalization of $16.79 billion, a PE ratio of -60.46, a PEG ratio of 1.64 and a beta of 1.61. TransUnion has a 1 year low of $42.09 and a 1 year high of $87.36. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.26. The firm’s fifty day simple moving average is $75.62 and its 200 day simple moving average is $74.87.

TransUnion (NYSE:TRU) last released its earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. TransUnion had a positive return on equity of 15.13% and a negative net margin of 6.11%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $977.62 million. On average, sell-side analysts anticipate that TransUnion will post 3.43 EPS for the current year.

TransUnion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a $0.105 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.42 dividend on an annualized basis and a yield of 0.49%. TransUnion’s payout ratio is -29.37%.

Insider Buying and Selling

In other TransUnion news, CFO Todd M. Cello sold 12,865 shares of TransUnion stock in a transaction on Friday, July 12th. The shares were sold at an average price of $80.00, for a total transaction of $1,029,200.00. Following the completion of the sale, the chief financial officer now owns 101,426 shares of the company’s stock, valued at approximately $8,114,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Heather J. Russell sold 7,120 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $73.53, for a total transaction of $523,533.60. Following the completion of the transaction, the executive vice president now directly owns 25,624 shares in the company, valued at approximately $1,884,132.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Todd M. Cello sold 12,865 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $80.00, for a total transaction of $1,029,200.00. Following the completion of the sale, the chief financial officer now owns 101,426 shares in the company, valued at $8,114,080. The disclosure for this sale can be found here. Insiders sold a total of 29,761 shares of company stock valued at $2,266,576 over the last ninety days. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On TransUnion

Several large investors have recently bought and sold shares of the company. Capital International Investors acquired a new position in shares of TransUnion in the 4th quarter valued at $663,001,000. Massachusetts Financial Services Co. MA grew its stake in TransUnion by 570.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,029,897 shares of the business services provider’s stock valued at $483,024,000 after acquiring an additional 5,981,271 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of TransUnion by 51.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,755,729 shares of the business services provider’s stock worth $539,108,000 after acquiring an additional 2,306,596 shares in the last quarter. CCLA Investment Management raised its position in shares of TransUnion by 104,813.6% during the first quarter. CCLA Investment Management now owns 1,947,196 shares of the business services provider’s stock worth $153,454,000 after purchasing an additional 1,945,340 shares during the period. Finally, Meritage Group LP lifted its holdings in shares of TransUnion by 56.5% during the 4th quarter. Meritage Group LP now owns 5,030,424 shares of the business services provider’s stock valued at $345,640,000 after purchasing an additional 1,815,540 shares in the last quarter.

TransUnion Company Profile

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.