TransUnion (NYSE:TRU) Coverage Initiated by Analysts at Wells Fargo & Company

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

A number of other brokerages also recently weighed in on TRU. Barclays boosted their target price on shares of TransUnion from $75.00 to $80.00 and gave the stock an equal weight rating in a research note on Friday, July 26th. Wolfe Research began coverage on shares of TransUnion in a research report on Tuesday, July 9th. They set a peer perform rating for the company. Morgan Stanley lifted their price target on shares of TransUnion from $87.00 to $90.00 and gave the stock an overweight rating in a research report on Friday, April 26th. Bank of America upgraded shares of TransUnion from a neutral rating to a buy rating and set a $92.00 price target for the company in a research report on Thursday, June 20th. Finally, Royal Bank of Canada lifted their price target on shares of TransUnion from $85.00 to $106.00 and gave the stock an outperform rating in a research report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $87.80.

TransUnion Stock Up 0.1 %

Shares of TRU stock opened at $84.60 on Monday. TransUnion has a 12-month low of $42.09 and a 12-month high of $91.71. The firm has a 50-day moving average price of $78.07 and a 200 day moving average price of $76.31. 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 results on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.13. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.03%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted $0.76 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. On average, research analysts predict that TransUnion will post 3.43 earnings per share for the current fiscal year.

TransUnion Announces Dividend

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

Insider Buying and Selling

In related news, insider Steven M. Chaouki sold 1,776 shares of the stock in a transaction on 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 owns 71,547 shares in the company, valued at $5,151,384. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TransUnion news, EVP Heather J. Russell sold 7,000 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $73.10, for a total value of $511,700.00. Following the completion of the sale, the executive vice president now owns 32,744 shares in the company, valued at $2,393,586.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Steven M. Chaouki sold 1,776 shares of the stock in a transaction on 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 sale, the insider now owns 71,547 shares of the company’s stock, valued at approximately $5,151,384. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,661 shares of company stock worth $2,604,898. 0.22% of the stock is owned by insiders.

Institutional Trading of TransUnion

A number of large investors have recently added to or reduced their stakes in TRU. International Assets Investment Management LLC lifted its stake in TransUnion by 6,770.8% in the fourth quarter. International Assets Investment Management LLC now owns 3,298 shares of the business services provider’s stock valued at $227,000 after acquiring an additional 3,250 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of TransUnion by 11.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 7,095 shares of the business services provider’s stock valued at $487,000 after purchasing an additional 715 shares during the period. Vontobel Holding Ltd. raised its position in shares of TransUnion by 7.1% in the fourth quarter. Vontobel Holding Ltd. now owns 10,943 shares of the business services provider’s stock valued at $752,000 after purchasing an additional 722 shares during the period. Mackenzie Financial Corp raised its position in shares of TransUnion by 531.4% in the fourth quarter. Mackenzie Financial Corp now owns 353,109 shares of the business services provider’s stock valued at $24,262,000 after purchasing an additional 297,180 shares during the period. Finally, Federated Hermes Inc. bought a new position in shares of TransUnion in the fourth quarter valued at about $134,000.

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.