TransUnion (NYSE:TRU) to Repurchase $500.00 million in Outstanding Shares

TransUnion (NYSE:TRUGet Free Report) declared that its board has initiated a share repurchase plan on Thursday, February 13th, RTT News reports. The company plans to buyback $500.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

TransUnion Stock Down 0.5 %

TRU opened at $99.79 on Friday. TransUnion has a twelve month low of $66.07 and a twelve month high of $113.17. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.19. The company has a market cap of $19.45 billion, a PE ratio of 86.77, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. The company has a 50-day moving average price of $95.13 and a 200 day moving average price of $97.91.

TransUnion (NYSE:TRUGet Free Report) last issued its earnings results on Thursday, February 13th. The business services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14). The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. Sell-side analysts expect that TransUnion will post 3.44 earnings per share for the current fiscal year.

TransUnion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 27th will be issued a $0.115 dividend. This is an increase from TransUnion’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, February 27th. This represents a $0.46 annualized dividend and a dividend yield of 0.46%. TransUnion’s payout ratio is presently 36.52%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of TransUnion from $130.00 to $127.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Oppenheimer decreased their target price on shares of TransUnion from $115.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Jefferies Financial Group decreased their target price on shares of TransUnion from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Needham & Company LLC reiterated a “hold” rating on shares of TransUnion in a research report on Friday. Finally, UBS Group upped their price objective on shares of TransUnion from $102.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, TransUnion currently has an average rating of “Moderate Buy” and an average target price of $111.64.

Get Our Latest Stock Analysis on TRU

Insider Activity

In related news, insider Steven M. Chaouki sold 1,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $93.60, for a total value of $93,600.00. Following the completion of the sale, the insider now owns 59,488 shares in the company, valued at $5,568,076.80. This trade represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George M. Awad sold 12,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $100.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the director now owns 27,026 shares of the company’s stock, valued at $2,702,600. This trade represents a 30.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,590 shares of company stock valued at $1,854,218 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

TransUnion Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for TransUnion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransUnion and related companies with MarketBeat.com's FREE daily email newsletter.