TransUnion (NYSE:TRU) Coverage Initiated at Bank of America

Stock analysts at Bank of America started coverage on shares of TransUnion (NYSE:TRU) in a report issued on Thursday. The firm set an “underperform” rating and a $84.00 price target on the business services provider’s stock. Bank of America‘s price objective points to a potential upside of 16.05% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. UBS Group increased their target price on shares of TransUnion from $102.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Oppenheimer decreased their price objective on TransUnion from $115.00 to $112.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. William Blair restated an “outperform” rating on shares of TransUnion in a research note on Monday, March 24th. Needham & Company LLC reiterated a “hold” rating on shares of TransUnion in a research note on Friday, February 14th. Finally, Wells Fargo & Company dropped their price target on TransUnion from $135.00 to $126.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, TransUnion has an average rating of “Moderate Buy” and an average target price of $111.92.

TransUnion Stock Down 0.4 %

TransUnion stock opened at $72.39 on Thursday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. The firm has a market cap of $14.12 billion, a P/E ratio of 49.58, a P/E/G ratio of 1.18 and a beta of 1.67. The business has a fifty day moving average of $86.71 and a two-hundred day moving average of $95.02. TransUnion has a twelve month low of $66.07 and a twelve month high of $113.17.

TransUnion (NYSE:TRU) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). TransUnion had a return on equity of 15.85% and a net margin of 6.80%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. On average, analysts forecast that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 13th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at TransUnion

In related news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $95.95, for a total transaction of $95,950.00. Following the completion of the transaction, the insider now directly owns 58,488 shares in the company, valued at approximately $5,611,923.60. This trade represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Venkat Achanta sold 1,821 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total value of $174,342.54. Following the completion of the sale, the executive vice president now owns 105,443 shares in the company, valued at approximately $10,095,112.82. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,021 shares of company stock worth $372,751. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in shares of TransUnion by 2.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,429 shares of the business services provider’s stock valued at $1,092,000 after acquiring an additional 274 shares during the period. HighTower Advisors LLC grew its holdings in TransUnion by 14.5% in the third quarter. HighTower Advisors LLC now owns 6,453 shares of the business services provider’s stock valued at $674,000 after purchasing an additional 819 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in TransUnion in the third quarter valued at approximately $230,000. Stifel Financial Corp raised its stake in shares of TransUnion by 6.7% during the 3rd quarter. Stifel Financial Corp now owns 62,480 shares of the business services provider’s stock worth $6,542,000 after buying an additional 3,896 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its position in shares of TransUnion by 9.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,675 shares of the business services provider’s stock valued at $594,000 after buying an additional 488 shares in the last quarter.

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.