TransUnion (NYSE:TRU) Price Target Increased to $90.00 by Analysts at Morgan Stanley

TransUnion (NYSE:TRU) had its target price upped by Morgan Stanley from $87.00 to $90.00 in a research report released on Friday, Benzinga reports. Morgan Stanley currently has an overweight rating on the business services provider’s stock.

A number of other equities research analysts have also recently commented on TRU. Bank of America upgraded TransUnion from an underperform rating to a neutral rating and increased their target price for the company from $65.00 to $90.00 in a report on Monday, April 1st. Evercore ISI raised their price objective on TransUnion from $70.00 to $80.00 and gave the stock an in-line rating in a report on Tuesday, March 26th. Stifel Nicolaus raised their price objective on TransUnion from $83.00 to $92.00 and gave the stock a buy rating in a report on Friday. Barclays raised their price objective on TransUnion from $55.00 to $75.00 and gave the stock an equal weight rating in a report on Wednesday, February 14th. Finally, Truist Financial lifted their target price on TransUnion from $65.00 to $75.00 and gave the company a hold rating in a report on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, TransUnion currently has an average rating of Moderate Buy and an average price target of $83.60.

TransUnion Price Performance

Shares of NYSE:TRU opened at $74.49 on Friday. The business’s fifty day moving average price is $76.32 and its two-hundred day moving average price is $67.91. The stock has a market cap of $14.47 billion, a PE ratio of -52.08, a price-to-earnings-growth ratio of 1.14 and a beta of 1.61. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.47 and a current ratio of 1.47. TransUnion has a one year low of $42.09 and a one year high of $82.75.

TransUnion (NYSE:TRU) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $977.62 million. TransUnion had a positive return on equity of 14.22% and a negative net margin of 7.02%. On average, analysts forecast that TransUnion will post 3.31 EPS for the current fiscal year.

TransUnion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders 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 dividend yield of 0.56%. The ex-dividend date of this dividend was Wednesday, March 6th. TransUnion’s payout ratio is -29.37%.

Insider Transactions at TransUnion

In related news, EVP Timothy J. Martin sold 12,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $78.59, for a total value of $943,080.00. Following the completion of the sale, the executive vice president now directly owns 54,522 shares of the company’s stock, valued at $4,284,883.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Steven M. Chaouki sold 1,775 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $81.30, for a total value of $144,307.50. Following the completion of the sale, the insider now directly owns 75,099 shares of the company’s stock, valued at $6,105,548.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy J. Martin sold 12,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total value of $943,080.00. Following the completion of the sale, the executive vice president now directly owns 54,522 shares of the company’s stock, valued at $4,284,883.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,275 shares of company stock valued at $1,204,538. 0.22% of the stock is currently owned by insiders.

Institutional Trading of TransUnion

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in TransUnion in the third quarter valued at approximately $27,000. GAMMA Investing LLC acquired a new position in shares of TransUnion during the fourth quarter worth approximately $30,000. Westpac Banking Corp boosted its position in shares of TransUnion by 100.0% during the fourth quarter. Westpac Banking Corp now owns 908 shares of the business services provider’s stock worth $62,000 after buying an additional 454 shares during the period. CENTRAL TRUST Co boosted its position in shares of TransUnion by 569.3% during the third quarter. CENTRAL TRUST Co now owns 937 shares of the business services provider’s stock worth $67,000 after buying an additional 797 shares during the period. Finally, Assetmark Inc. boosted its position in shares of TransUnion by 48.6% during the fourth quarter. Assetmark Inc. now owns 1,030 shares of the business services provider’s stock worth $71,000 after buying an additional 337 shares during the period.

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.