Credit Suisse Group assumed coverage on shares of TransUnion (NYSE:TRU) in a research report report published on Friday morning, MarketBeat Ratings reports. The firm issued a neutral rating and a $70.00 target price on the business services provider’s stock.
Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reduced their price target on TransUnion from $88.00 to $84.00 and set an overweight rating for the company in a report on Wednesday, October 24th. Morgan Stanley set a $72.00 price target on TransUnion and gave the stock a hold rating in a report on Monday, October 15th. Atlantic Securities raised TransUnion from a neutral rating to an overweight rating and set a $82.00 price target for the company in a report on Wednesday, October 24th. ValuEngine cut TransUnion from a buy rating to a hold rating in a report on Thursday, November 15th. Finally, Bank of America began coverage on TransUnion in a report on Tuesday, October 23rd. They issued a buy rating and a $84.00 price target for the company. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. TransUnion presently has an average rating of Buy and a consensus target price of $77.93.
NYSE TRU traded down $2.39 during trading hours on Friday, reaching $60.53. The company’s stock had a trading volume of 1,691,240 shares, compared to its average volume of 1,443,345. The stock has a market capitalization of $11.66 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 3.49 and a beta of 0.85. TransUnion has a 1-year low of $53.11 and a 1-year high of $79.48. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 2.07.
TransUnion (NYSE:TRU) last released its quarterly earnings results on Tuesday, October 23rd. The business services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $603.60 million during the quarter, compared to analysts’ expectations of $617.92 million. TransUnion had a return on equity of 21.22% and a net margin of 18.98%. TransUnion’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. Equities analysts predict that TransUnion will post 2.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 6th. Shareholders of record on Wednesday, November 21st were issued a dividend of $0.075 per share. The ex-dividend date was Tuesday, November 20th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.50%. TransUnion’s payout ratio is currently 17.54%.
In other TransUnion news, insider James M. Peck sold 141,428 shares of the stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $62.04, for a total transaction of $8,774,193.12. Following the completion of the transaction, the insider now owns 381,627 shares of the company’s stock, valued at $23,676,139.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John T. Danaher sold 4,319 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $63.51, for a total value of $274,299.69. Following the transaction, the executive vice president now directly owns 49,492 shares of the company’s stock, valued at approximately $3,143,236.92. The disclosure for this sale can be found here. Insiders have sold 147,339 shares of company stock valued at $9,153,788 in the last three months. Insiders own 2.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of TransUnion by 0.7% during the third quarter. Vanguard Group Inc. now owns 15,801,372 shares of the business services provider’s stock valued at $1,162,665,000 after acquiring an additional 116,055 shares during the last quarter. BlackRock Inc. increased its holdings in shares of TransUnion by 12.6% in the third quarter. BlackRock Inc. now owns 10,100,257 shares of the business services provider’s stock valued at $743,177,000 after purchasing an additional 1,133,283 shares during the last quarter. FMR LLC increased its holdings in shares of TransUnion by 14.3% in the second quarter. FMR LLC now owns 9,409,480 shares of the business services provider’s stock valued at $674,095,000 after purchasing an additional 1,179,299 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of TransUnion by 1.6% in the second quarter. Artisan Partners Limited Partnership now owns 3,297,996 shares of the business services provider’s stock valued at $236,268,000 after purchasing an additional 52,842 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of TransUnion by 15.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,291,094 shares of the business services provider’s stock valued at $242,158,000 after purchasing an additional 432,056 shares during the last quarter. 98.47% of the stock is owned by institutional investors and hedge funds.
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for 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 investigate potential fraud.
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