TransUnion (NYSE:TRU) Reaches New 1-Year High at $104.39

TransUnion (NYSE:TRU) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $104.39 and last traded at $103.97, with a volume of 90014 shares trading hands. The stock had previously closed at $101.14.

Wall Street Analysts Forecast Growth

TRU has been the subject of several research analyst reports. Oppenheimer raised their price objective on TransUnion from $90.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Needham & Company LLC downgraded TransUnion from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Bank of America raised TransUnion from a “neutral” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Thursday, June 20th. Barclays raised their price objective on TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Finally, Robert W. Baird raised their price objective on TransUnion from $94.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, TransUnion presently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

TransUnion Stock Performance

The firm has a market cap of $20.44 billion, a PE ratio of -73.57, a P/E/G ratio of 1.35 and a beta of 1.62. 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 stock has a 50-day moving average price of $91.04 and a 200 day moving average price of $80.98.

TransUnion (NYSE:TRU) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.13. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. Research analysts forecast that TransUnion will post 3.44 earnings per share for the current year.

TransUnion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Friday, August 23rd. TransUnion’s dividend payout ratio is currently -29.37%.

Insider Activity

In related news, CAO Jennifer A. Williams sold 405 shares of TransUnion stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $38,709.90. Following the transaction, the chief accounting officer now owns 7,186 shares in the company, valued at $686,837.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $95.65, for a total value of $95,650.00. Following the transaction, the insider now owns 64,488 shares in the company, valued at $6,168,277.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer A. Williams sold 405 shares of TransUnion stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $38,709.90. Following the completion of the transaction, the chief accounting officer now owns 7,186 shares in the company, valued at approximately $686,837.88. The disclosure for this sale can be found here. Insiders sold a total of 25,080 shares of company stock valued at $2,141,724 over the last quarter. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TRU. Capital International Investors acquired a new position in shares of TransUnion during the fourth quarter worth about $663,001,000. Massachusetts Financial Services Co. MA lifted its stake in shares of TransUnion by 32.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,339,762 shares of the business services provider’s stock worth $1,211,757,000 after purchasing an additional 3,977,595 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of TransUnion by 51.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,755,729 shares of the business services provider’s stock worth $539,108,000 after purchasing an additional 2,306,596 shares in the last quarter. CCLA Investment Management lifted its stake in shares of TransUnion by 104,813.6% during the first quarter. CCLA Investment Management now owns 1,947,196 shares of the business services provider’s stock worth $153,454,000 after purchasing an additional 1,945,340 shares in the last quarter. Finally, Meritage Group LP lifted its stake in shares of TransUnion by 56.5% during the fourth quarter. Meritage Group LP now owns 5,030,424 shares of the business services provider’s stock worth $345,640,000 after purchasing an additional 1,815,540 shares in the last quarter.

TransUnion Company Profile

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.