TransUnion (NYSE:TRU) Price Target Raised to $80.00 at Evercore ISI

TransUnion (NYSE:TRU) had its price objective hoisted by Evercore ISI from $70.00 to $80.00 in a research report released on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the business services provider’s stock.

TRU has been the subject of several other reports. Royal Bank of Canada restated an outperform rating and set a $85.00 price objective on shares of TransUnion in a research report on Wednesday, February 14th. Jefferies Financial Group lifted their price target on shares of TransUnion from $75.00 to $85.00 and gave the company a buy rating in a research report on Wednesday, January 17th. The Goldman Sachs Group lifted their price target on shares of TransUnion from $63.00 to $72.00 and gave the company a neutral rating in a research report on Friday, December 29th. StockNews.com upgraded shares of TransUnion from a sell rating to a hold rating in a research report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of TransUnion from $69.00 to $84.00 and gave the company an overweight rating in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, TransUnion has an average rating of Moderate Buy and an average price target of $77.80.

TransUnion Stock Performance

NYSE:TRU opened at $78.60 on Tuesday. The company’s 50-day moving average price is $74.62 and its 200-day moving average price is $67.88. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.28. The company has a market cap of $15.27 billion, a P/E ratio of -52.75, a P/E/G ratio of 1.22 and a beta of 1.61. TransUnion has a twelve month low of $42.09 and a twelve month high of $82.75.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Tuesday, February 13th. The business services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.08. TransUnion had a negative net margin of 7.50% and a positive return on equity of 13.58%. The firm had revenue of $954.00 million for the quarter, compared to the consensus estimate of $927.04 million. During the same period last year, the firm posted $0.70 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, sell-side analysts forecast that TransUnion will post 3.3 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Thursday, March 7th were paid a $0.105 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.42 dividend on an annualized basis and a yield of 0.53%. TransUnion’s dividend payout ratio is currently -28.19%.

Insider Buying and Selling

In other news, EVP Timothy J. Martin sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total transaction of $943,080.00. Following the completion of the sale, the executive vice president now owns 54,522 shares in the company, valued at approximately $4,284,883.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Richard Dane Mauldin sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $78.10, for a total transaction of $117,150.00. Following the completion of the sale, the executive vice president now owns 22,033 shares in the company, valued at approximately $1,720,777.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy J. Martin sold 12,000 shares of TransUnion stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total transaction of $943,080.00. Following the completion of the transaction, the executive vice president now directly owns 54,522 shares in the company, valued at $4,284,883.98. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Hedge Funds Weigh In On TransUnion

A number of institutional investors have recently modified their holdings of TRU. Raymond James Financial Services Advisors Inc. increased its holdings in shares of TransUnion by 1.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,272 shares of the business services provider’s stock valued at $1,372,000 after acquiring an additional 207 shares during the period. American Century Companies Inc. increased its holdings in shares of TransUnion by 52.4% in the 1st quarter. American Century Companies Inc. now owns 8,374 shares of the business services provider’s stock valued at $865,000 after acquiring an additional 2,880 shares during the period. Roundview Capital LLC increased its holdings in shares of TransUnion by 1.3% in the 1st quarter. Roundview Capital LLC now owns 20,949 shares of the business services provider’s stock valued at $2,165,000 after acquiring an additional 272 shares during the period. HighTower Advisors LLC increased its holdings in shares of TransUnion by 50.9% in the 1st quarter. HighTower Advisors LLC now owns 6,551 shares of the business services provider’s stock valued at $673,000 after acquiring an additional 2,211 shares during the period. Finally, MetLife Investment Management LLC acquired a new position in TransUnion in the 1st quarter valued at $1,000,000.

TransUnion Company Profile

TransUnion operates as a global consumer credit reporting agency that 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 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.