TransUnion (NYSE:TRU) Price Target Increased to $92.00 by Analysts at Needham & Company LLC

TransUnion (NYSE:TRU) had its price target raised by Needham & Company LLC from $89.00 to $92.00 in a report published on Friday, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

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

TransUnion Stock Performance

Shares of NYSE TRU opened at $86.46 on Friday. The stock has a market cap of $16.79 billion, a price-to-earnings ratio of -60.46, a PEG ratio of 1.64 and a beta of 1.61. TransUnion has a 12 month low of $42.09 and a 12 month high of $87.36. The company has a 50 day simple moving average of $75.62 and a two-hundred day simple moving average of $74.87. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.26.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.71 by $0.12. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $977.62 million. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.13%. As a group, analysts predict that TransUnion will post 3.43 earnings per share for the current year.

TransUnion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued 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 currently -29.37%.

Insider Transactions at TransUnion

In other news, CFO Todd M. Cello sold 12,865 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $80.00, for a total value of $1,029,200.00. Following the transaction, the chief financial officer now directly owns 101,426 shares of the company’s stock, valued at $8,114,080. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Todd M. Cello sold 12,865 shares of TransUnion stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $80.00, for a total transaction of $1,029,200.00. Following the transaction, the chief financial officer now owns 101,426 shares in the company, valued at $8,114,080. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Steven M. Chaouki sold 1,776 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $72.00, for a total value of $127,872.00. Following the completion of the sale, the insider now owns 71,547 shares of the company’s stock, valued at $5,151,384. The disclosure for this sale can be found here. Insiders sold 29,761 shares of company stock valued at $2,266,576 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TransUnion

Several institutional investors and hedge funds have recently bought and sold shares of the company. AustralianSuper Pty Ltd raised its position in shares of TransUnion by 61.1% during the 2nd quarter. AustralianSuper Pty Ltd now owns 6,841 shares of the business services provider’s stock valued at $507,000 after buying an additional 2,595 shares during the period. Verdence Capital Advisors LLC increased its stake in TransUnion by 3.6% during the second quarter. Verdence Capital Advisors LLC now owns 43,409 shares of the business services provider’s stock worth $3,219,000 after acquiring an additional 1,493 shares during the last quarter. Amica Mutual Insurance Co. increased its stake in TransUnion by 7.2% during the second quarter. Amica Mutual Insurance Co. now owns 12,355 shares of the business services provider’s stock worth $916,000 after acquiring an additional 825 shares during the last quarter. AMG National Trust Bank purchased a new stake in TransUnion in the second quarter valued at $202,000. Finally, Ninety One UK Ltd lifted its stake in shares of TransUnion by 37.4% in the 2nd quarter. Ninety One UK Ltd now owns 2,566,928 shares of the business services provider’s stock valued at $190,363,000 after purchasing an additional 698,580 shares during 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.