TransUnion (NYSE:TRU) Price Target Raised to $106.00 at Royal Bank of Canada

TransUnion (NYSE:TRU) had its price target increased by Royal Bank of Canada from $85.00 to $106.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

A number of other analysts have also commented on TRU. Morgan Stanley lifted their target price on shares of TransUnion from $87.00 to $90.00 and gave the stock an overweight rating in a report on Friday, April 26th. Needham & Company LLC upped their price objective on TransUnion from $89.00 to $92.00 and gave the company a buy rating in a report on Friday. Stifel Nicolaus raised their target price on TransUnion from $83.00 to $92.00 and gave the stock a buy rating in a report on Friday, April 26th. Robert W. Baird upped their price target on TransUnion from $94.00 to $104.00 and gave the company an outperform rating in a research note on Friday. Finally, Wolfe Research began coverage on shares of TransUnion in a research note on Tuesday, July 9th. They set a peer perform rating on the stock. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $86.80.

TransUnion Trading Up 1.2 %

Shares of TransUnion stock opened at $87.47 on Friday. The firm has a 50 day simple moving average of $75.79 and a 200 day simple moving average of $75.13. TransUnion has a fifty-two week low of $42.09 and a fifty-two week high of $87.97. 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 (NYSE:TRU) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the business posted $0.76 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts anticipate that TransUnion will post 3.43 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.42 annualized dividend and a dividend yield of 0.48%. TransUnion’s dividend payout ratio is currently -29.37%.

Insider Activity at TransUnion

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

Hedge Funds Weigh In On TransUnion

Several hedge funds and other institutional investors have recently made changes to their positions in TRU. Vanguard Group Inc. lifted its stake 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 during the last quarter. Capital International Investors acquired a new stake in TransUnion in the 4th quarter valued at about $663,001,000. Massachusetts Financial Services Co. MA grew its holdings in 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 period. Price T Rowe Associates Inc. MD increased its position in TransUnion by 51.8% during 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 buying an additional 2,306,596 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake 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 period.

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.