TransUnion (NYSE:TRU) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of TransUnion (NYSE:TRUGet Rating) from a sell rating to a hold rating in a research report sent to investors on Thursday.

TRU has been the topic of several other reports. Wells Fargo & Company cut their price objective on TransUnion to $86.00 and set an outperform rating on the stock in a research report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft cut their price objective on TransUnion from $111.00 to $101.00 in a research report on Wednesday, July 27th. Bank of America lowered TransUnion from a buy rating to a neutral rating and cut their price objective for the company from $119.00 to $86.00 in a research report on Wednesday, July 27th. The Goldman Sachs Group cut their price objective on TransUnion from $98.00 to $85.00 and set a neutral rating on the stock in a research report on Thursday, July 28th. Finally, Truist Financial cut their price objective on TransUnion to $82.00 and set an outperform rating on the stock in a research report on Wednesday, July 27th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $100.25.

TransUnion Trading Up 0.3 %

Shares of TRU opened at $76.51 on Thursday. The company has a market capitalization of $14.73 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 0.74 and a beta of 1.30. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a fifty day moving average of $80.37 and a two-hundred day moving average of $86.40. TransUnion has a fifty-two week low of $72.26 and a fifty-two week high of $125.35.

TransUnion (NYSE:TRUGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The business services provider reported $0.89 EPS for the quarter, hitting analysts’ consensus estimates of $0.89. The business had revenue of $948.30 million during the quarter, compared to the consensus estimate of $964.38 million. TransUnion had a return on equity of 17.20% and a net margin of 36.96%. The business’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS. As a group, analysts forecast that TransUnion will post 3.42 EPS for the current year.

TransUnion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Thursday, August 25th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 0.55%. This is an increase from TransUnion’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, August 24th. TransUnion’s dividend payout ratio (DPR) is 6.36%.

Insider Buying and Selling

In other news, CEO Christopher A. Cartwright purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average cost of $79.42 per share, for a total transaction of $1,985,500.00. Following the completion of the purchase, the chief executive officer now owns 226,410 shares of the company’s stock, valued at $17,981,482.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other TransUnion news, Director William Bosworth sold 405 shares of TransUnion stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $78.72, for a total value of $31,881.60. Following the completion of the transaction, the director now directly owns 5,399 shares in the company, valued at $425,009.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher A. Cartwright bought 25,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was bought at an average price of $79.42 per share, with a total value of $1,985,500.00. Following the completion of the purchase, the chief executive officer now owns 226,410 shares of the company’s stock, valued at $17,981,482.20. The disclosure for this purchase can be found here. Insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On TransUnion

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of TransUnion by 37.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 30,760,159 shares of the business services provider’s stock valued at $2,460,505,000 after buying an additional 8,437,641 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of TransUnion by 0.7% during the first quarter. Vanguard Group Inc. now owns 16,806,886 shares of the business services provider’s stock valued at $1,736,824,000 after buying an additional 116,546 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of TransUnion by 6.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,950,730 shares of the business services provider’s stock valued at $715,968,000 after buying an additional 538,979 shares during the last quarter. Farallon Capital Management LLC raised its holdings in shares of TransUnion by 121.9% during the first quarter. Farallon Capital Management LLC now owns 6,188,496 shares of the business services provider’s stock valued at $639,519,000 after buying an additional 3,399,314 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of TransUnion by 1.8% during the fourth quarter. State Street Corp now owns 4,119,291 shares of the business services provider’s stock valued at $488,466,000 after buying an additional 71,121 shares during the last quarter. 98.39% of the stock is currently owned by institutional investors and hedge funds.

TransUnion Company Profile

(Get Rating)

TransUnion provides risk and information solutions. The company operates in three segments: U.S. Markets, International, and Consumer Interactive. The U.S. Markets segment provides consumer reports, actionable insights, and analytics to businesses. These businesses use 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.

Further Reading

Analyst Recommendations for TransUnion (NYSE:TRU)

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