TransUnion (TRU) Upgraded to Strong-Buy at BidaskClub
BidaskClub upgraded shares of TransUnion (NYSE:TRU) from a buy rating to a strong-buy rating in a research note issued to investors on Monday.
Several other equities analysts have also issued reports on TRU. Cowen and Company restated a buy rating and set a $48.00 price target on shares of TransUnion in a research report on Friday, July 28th. Morgan Stanley reiterated an overweight rating and issued a $50.00 price objective (up from $47.00) on shares of TransUnion in a research report on Wednesday, July 26th. Royal Bank Of Canada reiterated a buy rating and issued a $45.00 price objective on shares of TransUnion in a research report on Wednesday, April 26th. Zacks Investment Research upgraded TransUnion from a hold rating to a buy rating and set a $51.00 price objective on the stock in a research report on Thursday, July 27th. Finally, Barclays PLC reiterated a buy rating and issued a $45.00 price objective on shares of TransUnion in a research report on Thursday, April 27th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $46.75.
Shares of TransUnion (NYSE TRU) traded down 0.41% during mid-day trading on Monday, reaching $46.10. The company had a trading volume of 123,384 shares. The stock has a 50 day moving average price of $44.92 and a 200 day moving average price of $40.56. The firm has a market capitalization of $8.39 billion, a PE ratio of 39.67 and a beta of 0.61. TransUnion has a 12-month low of $28.92 and a 12-month high of $46.53.
TransUnion (NYSE:TRU) last posted its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.03. TransUnion had a return on equity of 20.32% and a net margin of 12.08%. The business had revenue of $474.80 million for the quarter, compared to analyst estimates of $464.77 million. During the same period last year, the company earned $0.37 EPS. TransUnion’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities analysts forecast that TransUnion will post $1.83 earnings per share for the current year.
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In other TransUnion news, CAO Timothy Elberfeld sold 902 shares of TransUnion stock in a transaction on Friday, July 28th. The stock was sold at an average price of $45.43, for a total transaction of $40,977.86. Following the completion of the transaction, the chief accounting officer now owns 15,423 shares in the company, valued at $700,666.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John W. Blenke sold 25,000 shares of TransUnion stock in a transaction on Friday, August 4th. The shares were sold at an average price of $45.60, for a total value of $1,140,000.00. Following the transaction, the executive vice president now owns 89,717 shares of the company’s stock, valued at approximately $4,091,095.20. The disclosure for this sale can be found here. Insiders have sold 14,037,490 shares of company stock worth $640,098,799 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of TransUnion by 154.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 258,758 shares of the business services provider’s stock worth $8,003,000 after buying an additional 157,122 shares during the last quarter. Guggenheim Capital LLC boosted its position in TransUnion by 6.5% in the fourth quarter. Guggenheim Capital LLC now owns 34,575 shares of the business services provider’s stock valued at $1,069,000 after buying an additional 2,099 shares in the last quarter. Teachers Advisors LLC boosted its position in TransUnion by 34.3% in the fourth quarter. Teachers Advisors LLC now owns 62,022 shares of the business services provider’s stock valued at $1,918,000 after buying an additional 15,845 shares in the last quarter. Bank of Montreal Can boosted its position in TransUnion by 724.5% in the first quarter. Bank of Montreal Can now owns 61,834 shares of the business services provider’s stock valued at $2,372,000 after buying an additional 54,334 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new position in TransUnion during the first quarter valued at $292,000.
TransUnion is a risk and information solutions provider to businesses and consumers. The Company provides consumer reports, risk scores, analytical services and decision capabilities to businesses. The Company operates through three segments: U.S. Information Services (USIS), International and Consumer Interactive.
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