In the second quarter of this year, Gradient Investments LLC increased its position in TransUnion (NYSE:TRU) by 8.3%, according to a recent disclosure with the Securities and Exchange Commission (SEC). The firm now owns 163,152 shares of the business services provider’s stock, following the purchase of an additional 12,554 shares during the quarter. As of its most recent SEC filing, these shares are estimated to be worth $12,780,000.
TransUnion recently released its quarterly earnings results on July 25th. For the quarter, the company reported earnings per share of $0.86, surpassing analysts’ consensus estimates of $0.83 by $0.03. The business services provider achieved a net margin of 6.19% and a return on equity of 13.59%. Additionally, TransUnion generated revenue of $968.00 million during the quarter, exceeding the consensus estimate of $957.64 million. Although earnings per share were slightly lower compared to the same period last year ($0.89), overall revenue increased by 2.1% year-on-year.
Several brokerages have recently provided their assessments on TRU stock. StockNews.com commenced coverage on TransUnion in a research report issued on August 17th and assigned a “hold” rating to the company’s stock. Jefferies Financial Group raised their price objective for TransUnion from $86 to $98 in a research report published on July 10th.
Truist Financial also raised their price objective for TransUnion from $70 to $85 in another research report released on July 19th, while Needham & Company LLC increased their price objective from $84 to $92 and presented a “buy” rating in their research report published on July 25th.
Lastly, Wells Fargo & Company raised their target price for TransUnion from $88 to $94 in a research note on July 26th. In total, five analysts have given the stock a “hold” rating, while ten have assigned it a “buy” rating. According to data from Bloomberg, TransUnion currently holds a consensus rating of “Moderate Buy” with an average target price of $84.53.
Looking ahead, sell-side analysts anticipate that TransUnion will post earnings per share of 3.22 for the current fiscal year. As investors continue to monitor and evaluate the company’s performance, accurate market analysis and expert predictions become invaluable resources for making informed investment decisions.
DISCLAIMER: The content in this article is purely informative and should not be considered as financial advice in any way. It is crucial to do thorough research and analysis before making any investment decisions based on market trends or analyst ratings.
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TransUnion: Increased Investments and Analyst Coverage
TransUnion, a business services provider, has recently seen an increase in investment from several institutional investors. First Hawaiian Bank and Enterprise Bank & Trust Co both acquired new stakes in the company during the second quarter of this year, adding to TransUnion’s growing pool of investors. In addition, American Trust, Rockefeller Capital Management L.P., and Thrivent Financial for Lutherans all increased their positions in TransUnion during the first quarter.
These investments have helped contribute to TransUnion’s market capitalization of $15.32 billion as of September 18, 2023. The company’s stock has experienced fluctuations over the past year, with a low of $50.32 and a high of $82.75. However, it opened at $79.27 on Monday.
TransUnion maintains a healthy financial position with a current ratio and quick ratio both standing at 1.51. The company also has a debt-to-equity ratio of 1.20. Its price-to-earnings ratio is 66.06 and its price-to-earnings-growth ratio is 1.15, indicating potential growth opportunities for investors. Furthermore, TransUnion has a beta of 1.36, suggesting that it may be more volatile than the overall market.
Several brokerages have reviewed TransUnion recently and provided varying perspectives on its performance and outlook. StockNews.com initiated coverage on the company with a “hold” rating while Jefferies Financial Group raised their price objective from $86 to $98, indicating optimism about its future prospects.
Other analysts have also expressed positive sentiments towards TransUnion’s stock performance, including Truist Financial who raised their price objective from $70 to $85 and Needham & Company LLC who raised theirs from $84 to $92 paired with a “buy” rating.
Notably, Wells Fargo & Company increased their target price from $88 to $94 per share. Currently, according to data from Bloomberg, the consensus rating for TransUnion is a “Moderate Buy” with an average target price of $84.53.
TransUnion also recently announced a quarterly dividend, which was paid on September 7th. Shareholders of record as of August 23rd received a dividend of $0.105 per share, resulting in an annualized dividend of $0.42 and a yield of 0.53%. The company’s payout ratio is currently 35.00%.
In terms of insider trading activity, there have been notable transactions involving Steven M. Chaouki, an insider at TransUnion. On September 1st, he sold 1,277 shares at an average price of $82.06 per share, totaling $104,790.62 in transaction value.
Prior to this, Chaouki also sold 951 shares on June 22nd at an average price of $73.66 per share, amounting to a total transaction value of $70,050.66.
It is worth mentioning that insiders have collectively sold 9,864 shares over the past three months with a total value of $777,087. Currently, insiders own approximately 0.22% of TransUnion’s stock.
All filings related to these transactions can be found on the Securities & Exchange Commission’s website for further details.
While the investment landscape may appear perplexing due to various factors influencing TransUnion’s stock performance and investor sentiment, it remains important for potential investors to conduct thorough research and consider all available information before making any investment decisions regarding the company’s stock.
