TransUnion (TRU) Price Target Increased to $75.00 by Analysts at Wells Fargo & Co

TransUnion (NYSE:TRU) had its price target lifted by Wells Fargo & Co from $65.00 to $75.00 in a research note released on Wednesday, July 25th, The Fly reports. They currently have a market perform rating on the business services provider’s stock.

Several other brokerages have also recently issued reports on TRU. Robert W. Baird boosted their price objective on TransUnion from $65.00 to $74.00 and gave the company an outperform rating in a report on Monday, April 23rd. Zacks Investment Research cut TransUnion from a buy rating to a hold rating in a report on Monday, June 25th. ValuEngine raised TransUnion from a hold rating to a buy rating in a report on Monday, April 2nd. Evercore ISI initiated coverage on TransUnion in a report on Tuesday, June 26th. They issued a buy rating and a $80.00 price objective for the company. Finally, Bank of America boosted their price objective on TransUnion from $76.00 to $80.00 and gave the company a buy rating in a report on Wednesday, July 25th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $74.79.

Shares of TRU opened at $74.21 on Wednesday. TransUnion has a one year low of $41.07 and a one year high of $75.99. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 2.13. The stock has a market cap of $13.62 billion, a price-to-earnings ratio of 43.40, a PEG ratio of 3.31 and a beta of 0.69.

TransUnion (NYSE:TRU) last issued its quarterly earnings data on Tuesday, July 24th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. The business had revenue of $563.10 million during the quarter, compared to analysts’ expectations of $540.86 million. TransUnion had a return on equity of 21.06% and a net margin of 21.00%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. equities research analysts expect that TransUnion will post 2.23 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Wednesday, August 22nd will be issued a $0.075 dividend. The ex-dividend date is Tuesday, August 21st. This represents a $0.30 dividend on an annualized basis and a yield of 0.40%. TransUnion’s payout ratio is 17.54%.

In related news, insider James M. Peck sold 131,750 shares of the company’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $71.75, for a total value of $9,453,062.50. Following the completion of the transaction, the insider now owns 389,377 shares of the company’s stock, valued at approximately $27,937,799.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John T. Danaher sold 4,318 shares of the company’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $73.76, for a total value of $318,495.68. Following the completion of the transaction, the executive vice president now directly owns 49,491 shares of the company’s stock, valued at approximately $3,650,456.16. The disclosure for this sale can be found here. Insiders sold a total of 301,029 shares of company stock valued at $21,391,328 in the last ninety days. 2.10% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. FMR LLC increased its stake in TransUnion by 14.3% during the 2nd quarter. FMR LLC now owns 9,409,480 shares of the business services provider’s stock worth $674,095,000 after buying an additional 1,179,299 shares in the last quarter. BlackRock Inc. increased its stake in TransUnion by 8.2% during the 2nd quarter. BlackRock Inc. now owns 8,966,974 shares of the business services provider’s stock worth $642,394,000 after buying an additional 680,817 shares in the last quarter. Farallon Capital Management LLC increased its stake in TransUnion by 18.7% during the 1st quarter. Farallon Capital Management LLC now owns 4,455,499 shares of the business services provider’s stock worth $252,983,000 after buying an additional 701,237 shares in the last quarter. Principal Financial Group Inc. increased its stake in TransUnion by 11.1% during the 1st quarter. Principal Financial Group Inc. now owns 3,781,747 shares of the business services provider’s stock worth $214,728,000 after buying an additional 379,228 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in TransUnion by 1.6% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,297,996 shares of the business services provider’s stock worth $236,268,000 after buying an additional 52,842 shares in the last quarter. Institutional investors own 99.26% of the company’s stock.

TransUnion Company Profile

TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for 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 investigate potential fraud.

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