TransUnion (NYSE:TRU) Price Target Raised to $92.00 at Stifel Nicolaus

TransUnion (NYSE:TRU) had its price target raised by Stifel Nicolaus from $83.00 to $92.00 in a research note released on Friday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Evercore ISI upped their price target on TransUnion from $70.00 to $80.00 and gave the company an in-line rating in a research report on Tuesday, March 26th. Robert W. Baird upped their price objective on shares of TransUnion from $87.00 to $94.00 and gave the stock an outperform rating in a research report on Friday. Bank of America upgraded shares of TransUnion from an underperform rating to a neutral rating and increased their price target for the company from $65.00 to $90.00 in a research report on Monday, April 1st. StockNews.com upgraded shares of TransUnion from a sell rating to a hold rating in a research report on Tuesday, January 23rd. Finally, Wells Fargo & Company increased their price target on shares of TransUnion from $80.00 to $85.00 and gave the company an overweight rating in a research report on Wednesday, February 14th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $83.60.

TransUnion Price Performance

NYSE TRU opened at $74.49 on Friday. The company has a market cap of $14.47 billion, a PE ratio of -52.08, a price-to-earnings-growth ratio of 1.14 and a beta of 1.61. TransUnion has a 52 week low of $42.09 and a 52 week high of $82.75. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.28. The firm’s 50-day simple moving average is $76.32 and its two-hundred day simple moving average is $67.91.

TransUnion (NYSE:TRU) last released its quarterly earnings data 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 business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $977.62 million. TransUnion had a negative net margin of 7.02% and a positive return on equity of 14.22%. Research analysts predict that TransUnion will post 3.31 earnings per share for the current year.

TransUnion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Thursday, March 7th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Wednesday, March 6th. TransUnion’s payout ratio is currently -29.37%.

Insider Activity at TransUnion

In related news, insider Steven M. Chaouki sold 1,775 shares of TransUnion stock in a transaction on Monday, April 1st. The stock was sold at an average price of $81.30, for a total transaction of $144,307.50. Following the transaction, the insider now directly owns 75,099 shares in the company, valued at $6,105,548.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Steven M. Chaouki sold 1,775 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $81.30, for a total value of $144,307.50. Following the sale, the insider now directly owns 75,099 shares in the company, valued at $6,105,548.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard Dane Mauldin sold 1,500 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $78.10, for a total value of $117,150.00. Following the completion of the sale, the executive vice president now owns 22,033 shares in the company, valued at $1,720,777.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,275 shares of company stock worth $1,204,538. Corporate insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On TransUnion

Several large investors have recently added to or reduced their stakes in TRU. Capital International Investors bought a new stake in TransUnion during the fourth quarter worth approximately $663,001,000. Massachusetts Financial Services Co. MA increased its stake 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 acquiring an additional 5,981,271 shares during the last quarter. Meritage Group LP increased its stake in TransUnion by 56.5% during the fourth quarter. Meritage Group LP now owns 5,030,424 shares of the business services provider’s stock worth $345,640,000 after acquiring an additional 1,815,540 shares during the last quarter. Norges Bank bought a new stake in TransUnion during the fourth quarter worth approximately $90,682,000. Finally, Van ECK Associates Corp increased its stake in TransUnion by 27.9% during the fourth quarter. Van ECK Associates Corp now owns 4,744,770 shares of the business services provider’s stock worth $326,013,000 after acquiring an additional 1,035,634 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.