Wolfe Research Initiates Coverage on TransUnion (NYSE:TRU)

Wolfe Research began coverage on shares of TransUnion (NYSE:TRU) in a research report released on Tuesday morning, MarketBeat.com reports. The firm issued a peer perform rating on the business services provider’s stock.

Several other research firms have also issued reports on TRU. Bank of America upgraded TransUnion from a neutral rating to a buy rating and set a $92.00 price target on the stock in a research report on Thursday, June 20th. Needham & Company LLC raised their price target on TransUnion from $87.00 to $89.00 and gave the stock a buy rating in a research report on Thursday, April 25th. Evercore ISI lifted their price objective on TransUnion from $70.00 to $80.00 and gave the stock an in-line rating in a research report on Tuesday, March 26th. Morgan Stanley boosted their target price on TransUnion from $87.00 to $90.00 and gave the company an overweight rating in a research note on Friday, April 26th. Finally, Robert W. Baird boosted their target price on TransUnion from $87.00 to $94.00 and gave the company an outperform rating in a research note on Friday, April 26th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $83.73.

TransUnion Price Performance

Shares of TransUnion stock opened at $79.01 on Tuesday. 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 has a market capitalization of $15.34 billion, a PE ratio of -55.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.61. The business’s 50-day moving average price is $75.17 and its 200-day moving average price is $73.86. TransUnion has a 12 month low of $42.09 and a 12 month high of $82.75.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.12. TransUnion had a positive return on equity of 14.26% and a negative net margin of 7.02%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $977.62 million. Sell-side analysts forecast that TransUnion will post 3.42 EPS for the current fiscal year.

TransUnion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.42 annualized dividend and a dividend yield of 0.53%. TransUnion’s dividend payout ratio is presently -29.37%.

Insider Activity at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,776 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $72.00, for a total value of $127,872.00. Following the sale, the insider now directly owns 71,547 shares of the company’s stock, valued at $5,151,384. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $74.27, for a total value of $74,270.00. Following the sale, the insider now directly owns 70,547 shares of the company’s stock, valued at $5,239,525.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven M. Chaouki sold 1,776 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was 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 directly owns 71,547 shares in the company, valued at $5,151,384. The disclosure for this sale can be found here. Insiders have sold 16,896 shares of company stock worth $1,237,376 over the last ninety days. 0.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TransUnion

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new stake in TransUnion in the fourth quarter worth $30,000. Larson Financial Group LLC lifted its holdings in shares of TransUnion by 237.5% during the first quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 342 shares in the last quarter. Westpac Banking Corp lifted its holdings in shares of TransUnion by 100.0% during the fourth quarter. Westpac Banking Corp now owns 908 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 454 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of TransUnion by 48.6% during the fourth quarter. Assetmark Inc. now owns 1,030 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 337 shares in the last quarter. Finally, Headlands Technologies LLC lifted its holdings in shares of TransUnion by 206.7% during the fourth quarter. Headlands Technologies LLC now owns 1,141 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 769 shares in the last quarter.

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.