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

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

Other analysts have also recently issued reports about the stock. StockNews.com upgraded shares of TransUnion from a sell rating to a hold rating in a research note on Tuesday, January 23rd. The Goldman Sachs Group lifted their target price on shares of TransUnion from $63.00 to $72.00 and gave the company a neutral rating in a research note on Friday, December 29th. Robert W. Baird lifted their target price on shares of TransUnion from $80.00 to $87.00 and gave the company an outperform rating in a research note on Wednesday, February 14th. Stifel Nicolaus lifted their target price on shares of TransUnion from $76.00 to $83.00 and gave the company a buy rating in a research note on Wednesday, February 14th. Finally, Needham & Company LLC lifted their target price on shares of TransUnion from $75.00 to $87.00 and gave the company a buy rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $77.80.

TransUnion Stock Performance

TRU stock opened at $79.80 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market cap of $15.50 billion, a P/E ratio of -53.56, a P/E/G ratio of 1.22 and a beta of 1.61. The firm has a 50 day simple moving average of $75.08 and a 200 day simple moving average of $67.96. TransUnion has a 52 week low of $42.09 and a 52 week high of $82.75.

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

TransUnion Announces Dividend

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

Insider Buying and Selling

In related news, EVP Richard Dane Mauldin sold 1,500 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 22,033 shares of the company’s stock, valued at $1,720,777.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Richard Dane Mauldin sold 1,500 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 22,033 shares of the company’s stock, valued at $1,720,777.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy J. Martin sold 12,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $78.59, for a total transaction of $943,080.00. Following the transaction, the executive vice president now directly owns 54,522 shares in the company, valued at approximately $4,284,883.98. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TransUnion

Several institutional investors and hedge funds have recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. AG increased its holdings in TransUnion by 2.0% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 7,595 shares of the business services provider’s stock valued at $595,000 after buying an additional 152 shares during the period. Xponance Inc. increased its holdings in TransUnion by 1.9% in the 4th quarter. Xponance Inc. now owns 8,215 shares of the business services provider’s stock valued at $564,000 after buying an additional 157 shares during the period. Concord Wealth Partners boosted its stake in shares of TransUnion by 7.4% in the 4th quarter. Concord Wealth Partners now owns 2,311 shares of the business services provider’s stock valued at $159,000 after purchasing an additional 159 shares in the last quarter. Logan Capital Management Inc. boosted its stake in shares of TransUnion by 1.7% in the 4th quarter. Logan Capital Management Inc. now owns 9,887 shares of the business services provider’s stock valued at $679,000 after purchasing an additional 170 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in shares of TransUnion by 2.9% in the 3rd quarter. Avior Wealth Management LLC now owns 6,730 shares of the business services provider’s stock valued at $483,000 after purchasing an additional 189 shares in the last quarter.

About TransUnion

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.