TransUnion (NYSE:TRU) saw unusually-strong trading volume on Monday . Approximately 1,330,600 shares traded hands during trading, an increase of 6% from the previous session’s volume of 1,250,395 shares.The stock last traded at $62.46 and had previously closed at $60.67.
Several equities analysts recently weighed in on TRU shares. ValuEngine downgraded TransUnion from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. Bank of America started coverage on TransUnion in a research report on Tuesday, October 23rd. They set a “buy” rating and a $84.00 target price on the stock. Morgan Stanley reiterated a “hold” rating and set a $75.00 target price (up from $71.00) on shares of TransUnion in a research report on Thursday, September 13th. Atlantic Securities upgraded TransUnion from a “neutral” rating to an “overweight” rating and set a $82.00 target price on the stock in a research report on Wednesday, October 24th. Finally, JPMorgan Chase & Co. cut their price objective on TransUnion from $88.00 to $84.00 and set an “overweight” rating on the stock in a report on Wednesday, October 24th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. TransUnion currently has an average rating of “Buy” and a consensus target price of $78.54.
The firm has a market capitalization of $11.24 billion, a PE ratio of 36.54, a P/E/G ratio of 3.36 and a beta of 0.86. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 2.07.
TransUnion (NYSE:TRU) last announced its quarterly earnings results on Tuesday, October 23rd. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02. The business had revenue of $603.60 million for the quarter, compared to the consensus estimate of $617.92 million. TransUnion had a return on equity of 21.22% and a net margin of 18.98%. The business’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. Sell-side analysts anticipate that TransUnion will post 2.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Wednesday, November 21st will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.48%. The ex-dividend date is Tuesday, November 20th. TransUnion’s payout ratio is currently 17.54%.
In other news, insider James M. Peck sold 141,428 shares of the business’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $62.04, for a total value of $8,774,193.12. Following the sale, the insider now owns 381,627 shares of the company’s stock, valued at approximately $23,676,139.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Timothy Elberfeld sold 1,592 shares of the business’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $66.14, for a total value of $105,294.88. Following the completion of the sale, the chief accounting officer now directly owns 12,566 shares in the company, valued at approximately $831,115.24. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of TransUnion by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 15,801,372 shares of the business services provider’s stock worth $1,162,665,000 after buying an additional 116,055 shares in the last quarter. BlackRock Inc. grew its holdings in shares of TransUnion by 12.6% in the 3rd quarter. BlackRock Inc. now owns 10,100,257 shares of the business services provider’s stock worth $743,177,000 after acquiring an additional 1,133,283 shares during the last quarter. FMR LLC grew its holdings in shares of TransUnion by 14.3% in the 2nd quarter. FMR LLC now owns 9,409,480 shares of the business services provider’s stock worth $674,095,000 after acquiring an additional 1,179,299 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of TransUnion by 1.6% in 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 acquiring an additional 52,842 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of TransUnion by 15.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,291,094 shares of the business services provider’s stock worth $242,158,000 after acquiring an additional 432,056 shares during the last quarter. 99.17% of the stock is currently owned by institutional investors.
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About TransUnion (NYSE:TRU)
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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