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

TransUnion (NYSE:TRU) had its price objective raised by Needham & Company LLC from $89.00 to $92.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

A number of other research firms also recently commented on TRU. Robert W. Baird upped their price objective on shares of TransUnion from $94.00 to $104.00 and gave the company an outperform rating in a research note on Friday. Bank of America raised shares of TransUnion from a neutral rating to a buy rating and set a $92.00 price target on the stock in a research note on Thursday, June 20th. Stifel Nicolaus boosted their price objective on shares of TransUnion from $83.00 to $92.00 and gave the company a buy rating in a research note on Friday, April 26th. Oppenheimer increased 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. Finally, Morgan Stanley boosted their price target on TransUnion from $87.00 to $90.00 and gave the company an overweight rating in a research report on Friday, April 26th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, TransUnion currently has a consensus rating of Moderate Buy and a consensus target price of $86.80.

TransUnion Stock Performance

Shares of TRU opened at $87.47 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.66. TransUnion has a 1 year low of $42.09 and a 1 year high of $87.97. The company’s 50 day simple moving average is $75.79 and its 200 day simple moving average is $75.13.

TransUnion (NYSE:TRU) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.13. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. As a group, research analysts forecast that TransUnion will post 3.43 earnings per share for the current year.

TransUnion Dividend Announcement

The business 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. This represents a $0.42 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Thursday, May 16th. TransUnion’s dividend payout ratio (DPR) is presently -29.37%.

Insider Buying and Selling at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $74.27, for a total transaction of $74,270.00. Following the transaction, 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 SEC, which is available at the SEC website. In other news, insider Steven M. Chaouki sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $74.27, for a total transaction of $74,270.00. Following the completion of the sale, the insider now directly owns 70,547 shares in the company, valued at $5,239,525.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven M. Chaouki sold 1,776 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 71,547 shares in the company, valued at approximately $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 owned by corporate insiders.

Hedge Funds Weigh In On TransUnion

Several institutional investors and hedge funds have recently made changes to their positions in TRU. Vanguard Group Inc. raised its holdings in TransUnion by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 17,910,715 shares of the business services provider’s stock valued at $1,230,645,000 after acquiring an additional 234,123 shares in the last quarter. Capital International Investors acquired a new stake in shares of TransUnion in the 4th quarter valued at about $663,001,000. Massachusetts Financial Services Co. MA lifted its position in shares of TransUnion by 570.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,029,897 shares of the business services provider’s stock worth $483,024,000 after purchasing an additional 5,981,271 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 purchasing an additional 2,306,596 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in TransUnion by 12.1% in the first quarter. Van ECK Associates Corp now owns 5,316,891 shares of the business services provider’s stock valued at $424,288,000 after buying an additional 572,121 shares during 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.