TransUnion (NYSE:TRU) Announces Quarterly Earnings Results, Beats Estimates By $0.12 EPS

TransUnion (NYSE:TRU) issued its quarterly earnings results on Thursday. The business services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12, reports. TransUnion had a positive return on equity of 14.22% and a negative net margin of 7.02%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $977.62 million.

TransUnion Price Performance

TransUnion stock opened at $74.47 on Friday. TransUnion has a 52 week low of $42.09 and a 52 week high of $82.75. The company’s 50 day moving average price is $76.33 and its two-hundred day moving average price is $67.88. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.28. The stock has a market cap of $14.46 billion, a P/E ratio of -52.08, a P/E/G ratio of 1.14 and a beta of 1.61.

TransUnion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, March 7th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.42 annualized dividend and a dividend yield of 0.56%. TransUnion’s dividend payout ratio is currently -29.37%.

Analyst Ratings Changes

TRU has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on TransUnion from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Morgan Stanley raised their target price on TransUnion from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday. The Goldman Sachs Group raised their target price on TransUnion from $63.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. Barclays raised their target price on TransUnion from $55.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 14th. Finally, Truist Financial raised their target price on TransUnion from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, TransUnion currently has an average rating of “Moderate Buy” and an average target price of $83.60.

Insiders Place Their Bets

In other TransUnion news, insider Steven M. Chaouki sold 1,775 shares of TransUnion stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $81.30, for a total transaction of $144,307.50. Following the transaction, the insider now owns 75,099 shares of the company’s stock, valued at approximately $6,105,548.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Timothy J. Martin sold 12,000 shares of TransUnion stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total value of $943,080.00. Following the sale, the executive vice president now owns 54,522 shares of the company’s stock, valued at approximately $4,284,883.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven M. Chaouki sold 1,775 shares of TransUnion stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $81.30, for a total transaction of $144,307.50. Following the completion of the sale, the insider now directly owns 75,099 shares in the company, valued at approximately $6,105,548.70. The disclosure for this sale can be found here. Insiders have sold a total of 15,275 shares of company stock valued at $1,204,538 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TransUnion

A number of hedge funds have recently modified their holdings of the stock. Capital International Investors purchased a new position in TransUnion in the 4th quarter valued at approximately $663,001,000. Massachusetts Financial Services Co. MA grew its position in shares of TransUnion by 570.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,029,897 shares of the business services provider’s stock valued at $483,024,000 after purchasing an additional 5,981,271 shares in the last quarter. Meritage Group LP grew its position in shares of TransUnion by 56.5% during the 4th quarter. Meritage Group LP now owns 5,030,424 shares of the business services provider’s stock valued at $345,640,000 after purchasing an additional 1,815,540 shares in the last quarter. Norges Bank purchased a new position in shares of TransUnion during the 4th quarter valued at $90,682,000. Finally, Van ECK Associates Corp grew its position in shares of TransUnion by 27.9% during the 4th quarter. Van ECK Associates Corp now owns 4,744,770 shares of the business services provider’s stock valued at $326,013,000 after purchasing an additional 1,035,634 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.