TransUnion (NYSE:TRU)‘s stock had its “buy” rating restated by investment analysts at Robert W. Baird in a note issued to investors on Tuesday. They presently have a $62.00 price target on the business services provider’s stock. Robert W. Baird’s price objective suggests a potential upside of 8.51% from the company’s current price.
Several other research analysts also recently issued reports on TRU. Zacks Investment Research upgraded shares of TransUnion from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Friday, January 5th. Stifel Nicolaus reiterated a “buy” rating and set a $59.00 price target (up from $50.00) on shares of TransUnion in a report on Sunday, October 29th. SunTrust Banks upped their price target on shares of TransUnion to $64.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Morgan Stanley downgraded shares of TransUnion from an “overweight” rating to an “equal weight” rating and set a $54.00 price target for the company. in a report on Monday, October 30th. Finally, Royal Bank of Canada upped their price target on shares of TransUnion to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, December 19th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. TransUnion presently has a consensus rating of “Buy” and an average price target of $57.36.
Shares of TransUnion (TRU) traded up $0.35 during trading hours on Tuesday, hitting $57.14. 511,313 shares of the stock traded hands, compared to its average volume of 1,189,252. The firm has a market capitalization of $10,360.00 and a P/E ratio of 43.95. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.51. TransUnion has a 52 week low of $31.35 and a 52 week high of $57.24.
TransUnion (NYSE:TRU) last announced its quarterly earnings results on Friday, October 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.06. The company had revenue of $498.00 million during the quarter, compared to the consensus estimate of $475.52 million. TransUnion had a net margin of 13.17% and a return on equity of 21.37%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share. sell-side analysts expect that TransUnion will post 1.71 earnings per share for the current fiscal year.
In related news, CFO Todd M. Cello sold 4,110 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $52.97, for a total value of $217,706.70. Following the sale, the chief financial officer now owns 21,963 shares of the company’s stock, valued at $1,163,380.11. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John W. Blenke sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $54.25, for a total transaction of $542,500.00. Following the sale, the executive vice president now directly owns 49,717 shares in the company, valued at approximately $2,697,147.25. The disclosure for this sale can be found here. In the last three months, insiders sold 4,630,224 shares of company stock worth $243,986,497. 2.10% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of TRU. Atlanta Capital Management Co. L L C boosted its position in TransUnion by 43.6% during the second quarter. Atlanta Capital Management Co. L L C now owns 8,359,334 shares of the business services provider’s stock valued at $362,043,000 after acquiring an additional 2,536,898 shares during the last quarter. Egerton Capital UK LLP boosted its position in TransUnion by 114.8% during the third quarter. Egerton Capital UK LLP now owns 4,574,259 shares of the business services provider’s stock valued at $216,179,000 after acquiring an additional 2,444,617 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in TransUnion during the third quarter valued at $99,632,000. TimesSquare Capital Management LLC boosted its position in TransUnion by 80.4% during the third quarter. TimesSquare Capital Management LLC now owns 3,871,900 shares of the business services provider’s stock valued at $182,986,000 after acquiring an additional 1,725,300 shares during the last quarter. Finally, BlackRock Inc. boosted its position in TransUnion by 49.1% during the second quarter. BlackRock Inc. now owns 4,841,716 shares of the business services provider’s stock valued at $209,693,000 after acquiring an additional 1,594,833 shares during the last quarter.
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TransUnion is a risk and information solutions provider to businesses and consumers. The Company provides consumer reports, risk scores, analytical services and decision capabilities to businesses. The Company operates through three segments: U.S. Information Services (USIS), International and Consumer Interactive.
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