Wells Fargo & Company Begins Coverage on TransUnion (NYSE:TRU)

Wells Fargo & Company assumed coverage on shares of TransUnion (NYSE:TRU) in a report released on Monday, Marketbeat reports. The brokerage issued an overweight rating and a $100.00 price target on the business services provider’s stock.

Several other research analysts have also recently commented on TRU. Stifel Nicolaus boosted their target price on TransUnion from $83.00 to $92.00 and gave the stock a buy rating in a research note on Friday, April 26th. Wolfe Research started coverage on TransUnion in a research report on Tuesday, July 9th. They issued a peer perform rating for the company. Morgan Stanley upped their price objective on TransUnion from $87.00 to $90.00 and gave the company an overweight rating in a research note on Friday, April 26th. Needham & Company LLC increased their target price on TransUnion from $89.00 to $92.00 and gave the stock a buy rating in a research note on Friday, July 26th. Finally, Barclays increased their target price on TransUnion from $75.00 to $80.00 and gave the stock an equal weight rating in a research note on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $87.80.

TransUnion Stock Up 0.1 %

Shares of NYSE:TRU opened at $84.60 on Monday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average price is $78.07 and its 200-day moving average price is $76.31. TransUnion has a 1 year low of $42.09 and a 1 year high of $91.71.

TransUnion (NYSE:TRU) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.13. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts anticipate that TransUnion will post 3.43 earnings per share for the current year.

TransUnion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Friday, August 23rd will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 0.50%. The ex-dividend date is Friday, August 23rd. TransUnion’s dividend payout ratio is presently -29.37%.

Insiders Place Their Bets

In other TransUnion news, insider Steven M. Chaouki sold 1,776 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Todd M. Cello sold 12,865 shares of the firm’s stock in a transaction 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 directly owns 101,426 shares of the company’s stock, valued at $8,114,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven M. Chaouki sold 1,776 shares of the firm’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 transaction, 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 33,661 shares of company stock valued at $2,604,898 over the last three months. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Elo Mutual Pension Insurance Co boosted its stake in TransUnion by 0.7% during the second quarter. Elo Mutual Pension Insurance Co now owns 17,822 shares of the business services provider’s stock valued at $1,322,000 after buying an additional 123 shares in the last quarter. Cornerstone Investment Partners LLC boosted its stake in TransUnion by 1.4% during the first quarter. Cornerstone Investment Partners LLC now owns 9,586 shares of the business services provider’s stock valued at $765,000 after buying an additional 135 shares in the last quarter. GAMMA Investing LLC boosted its stake in TransUnion by 32.9% during the first quarter. GAMMA Investing LLC now owns 573 shares of the business services provider’s stock valued at $46,000 after buying an additional 142 shares in the last quarter. Xponance Inc. boosted its stake in TransUnion by 1.9% during the fourth quarter. Xponance Inc. now owns 8,215 shares of the business services provider’s stock valued at $564,000 after buying an additional 157 shares in the last quarter. Finally, Concord Wealth Partners boosted its stake in TransUnion by 7.4% during the fourth quarter. Concord Wealth Partners now owns 2,311 shares of the business services provider’s stock valued at $159,000 after buying an additional 159 shares in 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.