TransUnion (NYSE:TRU) Given New $92.00 Price Target at Needham & Company LLC

TransUnion (NYSE:TRU) had its price objective increased by Needham & Company LLC from $89.00 to $92.00 in a research note issued to investors on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

A number of other equities research analysts have also issued reports on TRU. Oppenheimer upped their price target on TransUnion from $81.00 to $90.00 and gave the company an outperform rating in a research report on Tuesday, April 9th. Morgan Stanley raised their target price on TransUnion from $87.00 to $90.00 and gave the stock an overweight rating in a research note on Friday, April 26th. Stifel Nicolaus boosted their price target on shares of TransUnion from $83.00 to $92.00 and gave the company a buy rating in a research report on Friday, April 26th. Bank of America raised shares of TransUnion from a neutral rating to a buy rating and set a $92.00 price objective for the company in a report on Thursday, June 20th. Finally, Robert W. Baird lifted their target price on shares of TransUnion from $94.00 to $104.00 and gave the stock an outperform rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $86.80.

TransUnion Trading Up 1.2 %

Shares of NYSE TRU opened at $87.47 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a fifty day moving average of $75.79 and a 200 day moving average of $75.13. TransUnion has a one year low of $42.09 and a one year high of $87.97.

TransUnion (NYSE:TRU) last released its earnings results on Thursday, July 25th. The business services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the company earned $0.76 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, analysts forecast that TransUnion will post 3.43 EPS for the current fiscal year.

TransUnion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Thursday, May 16th. TransUnion’s payout ratio is -29.37%.

Insider Activity at TransUnion

In other news, insider Steven M. Chaouki sold 1,776 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $72.00, for a total transaction of $127,872.00. Following the sale, the insider now owns 71,547 shares of the company’s stock, valued at $5,151,384. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Todd M. Cello sold 12,865 shares of TransUnion stock in a transaction on Friday, July 12th. The stock was sold at an average price of $80.00, for a total value of $1,029,200.00. Following the completion of the transaction, the chief financial officer now directly owns 101,426 shares in the company, valued at $8,114,080. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven M. Chaouki sold 1,776 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $72.00, for a total value of $127,872.00. Following the transaction, the insider now directly owns 71,547 shares of the company’s stock, valued at $5,151,384. The disclosure for this sale can be found here. Insiders sold 29,761 shares of company stock worth $2,266,576 in the last three months. 0.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On TransUnion

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC purchased a new stake in shares of TransUnion during the fourth quarter worth approximately $30,000. Larson Financial Group LLC grew its holdings in TransUnion by 237.5% during the 1st quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock worth $39,000 after acquiring an additional 342 shares in the last quarter. Blue Trust Inc. increased its position in shares of TransUnion by 156.6% in the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 523 shares during the last quarter. Westpac Banking Corp raised its holdings in shares of TransUnion by 100.0% in the 4th quarter. Westpac Banking Corp now owns 908 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 454 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of TransUnion during the 2nd quarter worth $75,000.

About TransUnion

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.