TransUnion (NYSE:TRU) Sets New 1-Year High Following Strong Earnings

Shares of TransUnion (NYSE:TRU) reached a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $113.17 and last traded at $109.17, with a volume of 315955 shares trading hands. The stock had previously closed at $105.78.

The business services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.03%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year.

TransUnion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were given a dividend of $0.105 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.42 annualized dividend and a dividend yield of 0.39%. TransUnion’s dividend payout ratio (DPR) is presently -29.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TRU shares. Stifel Nicolaus upped their price objective on shares of TransUnion from $103.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of TransUnion in a report on Thursday. Wells Fargo & Company raised their price target on TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday. Oppenheimer upped their price target on shares of TransUnion from $118.00 to $122.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $121.00 price objective on shares of TransUnion in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.53.

Insiders Place Their Bets

In related news, CAO Jennifer A. Williams sold 405 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction of $38,709.90. Following the completion of the transaction, the chief accounting officer now owns 7,186 shares of the company’s stock, valued at $686,837.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other TransUnion news, insider Todd C. Skinner sold 2,900 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $85.58, for a total transaction of $248,182.00. Following the completion of the sale, the insider now directly owns 27,729 shares in the company, valued at approximately $2,373,047.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jennifer A. Williams sold 405 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction of $38,709.90. Following the completion of the transaction, the chief accounting officer now owns 7,186 shares in the company, valued at $686,837.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,715 shares of company stock worth $1,299,729. 0.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TransUnion

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC grew its holdings in TransUnion by 15.0% during the 3rd quarter. Signaturefd LLC now owns 788 shares of the business services provider’s stock valued at $83,000 after buying an additional 103 shares in the last quarter. Elo Mutual Pension Insurance Co increased its position in TransUnion by 0.7% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 17,822 shares of the business services provider’s stock valued at $1,322,000 after purchasing an additional 123 shares during the period. V Square Quantitative Management LLC raised its stake in TransUnion by 6.4% in the second quarter. V Square Quantitative Management LLC now owns 2,762 shares of the business services provider’s stock worth $205,000 after buying an additional 165 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of TransUnion by 22.3% during the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock worth $66,000 after purchasing an additional 166 shares during the last quarter. Finally, OLD National Bancorp IN lifted its position in shares of TransUnion by 5.8% during the second quarter. OLD National Bancorp IN now owns 4,599 shares of the business services provider’s stock valued at $341,000 after buying an additional 254 shares during the last quarter.

TransUnion Trading Down 1.9 %

The company’s 50 day simple moving average is $101.36 and its two-hundred day simple moving average is $85.52. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $20.71 billion, a price-to-earnings ratio of -74.57, a P/E/G ratio of 1.38 and a beta of 1.62.

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.