TransUnion (NYSE:TRU) Cut to Neutral at Rothschild Redburn

Rothschild Redburn cut shares of TransUnion (NYSE:TRU) from a buy rating to a neutral rating in a report released on Monday morning,FinViz reports. They currently have $91.00 target price on the business services provider’s stock, up from their prior target price of $89.00.

Other research analysts also recently issued research reports about the company. Griffin Securities set a $98.00 price objective on TransUnion in a report on Wednesday, July 29th. Wall Street Zen cut TransUnion from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Zacks Research cut TransUnion from a “hold” rating to a “strong sell” rating in a report on Thursday, October 29th. Royal Bank Of Canada reduced their price target on TransUnion from $100.00 to $92.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. Finally, Weiss Ratings raised TransUnion from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Ten research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $90.72.

TransUnion Price Performance

Shares of TransUnion stock opened at $81.93 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.03 and a current ratio of 2.03. TransUnion has a 52-week low of $60.96 and a 52-week high of $89.12. The company has a fifty day moving average of $73.96 and a 200-day moving average of $74.13. The stock has a market capitalization of $15.62 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 1.56 and a beta of 1.56.

TransUnion (NYSE:TRU) last issued its earnings results on Tuesday, October 27th. The business services provider reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. TransUnion had a net margin of 15.83% and a return on equity of 16.51%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. Equities research analysts expect that TransUnion will post 4.27 EPS for the current year.

TransUnion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Tuesday, November 10th will be paid a $0.1350 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This is an increase from TransUnion’s previous quarterly dividend of $0.1250. This represents a $0.54 dividend on an annualized basis and a yield of 0.7%. TransUnion’s payout ratio is currently 13.14%.

Insider Buying and Selling at TransUnion

In other news, EVP Venkat Achanta sold 29,291 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $80.74, for a total value of $2,364,955.34. Following the completion of the transaction, the executive vice president owned 167,621 shares in the company, valued at $13,533,719.54. This trade represents a 14.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $77.74, for a total value of $77,740.00. Following the sale, the insider owned 77,888 shares in the company, valued at $6,055,013.12. This represents a 1.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 72,045 shares of company stock worth $5,681,439. Insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On TransUnion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRU. Nykredit A S purchased a new stake in shares of TransUnion in the 2nd quarter worth about $4,226,000. Junto Capital Management LP bought a new position in shares of TransUnion in the 2nd quarter worth about $78,975,000. Evergreen Capital Management LLC bought a new position in shares of TransUnion in the 3rd quarter worth about $532,000. Bank of America Corp DE increased its stake in shares of TransUnion by 9.4% in the 1st quarter. Bank of America Corp DE now owns 1,447,914 shares of the business services provider’s stock worth $100,181,000 after acquiring an additional 124,294 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in TransUnion during the 2nd quarter valued at about $1,904,000.

TransUnion Company Profile

TransUnion is a global information and insights company that helps businesses assess risk, prevent fraud and make informed decisions. Its services include credit reporting and scoring, identity verification, fraud detection, and data and analytics solutions for industries such as financial services, retail, insurance and telecommunications. The company also provides consumers with access to credit information and tools to monitor and manage their financial identities. Its offerings include credit reports, credit monitoring and identity-protection services.