Credit Suisse Group Begins Coverage on TransUnion (TRU)

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Credit Suisse Group assumed coverage on shares of TransUnion (NYSE:TRU) in a research note published on Friday, MarketBeat.com reports. The firm issued a neutral rating and a $70.00 price target on the business services provider’s stock.

Several other research analysts have also commented on TRU. Morgan Stanley restated a hold rating and set a $75.00 price target (up from $71.00) on shares of TransUnion in a research report on Thursday, September 13th. Bank of America started coverage on TransUnion in a research report on Tuesday, October 23rd. They set a buy rating and a $84.00 price target for the company. Atlantic Securities upgraded TransUnion from a neutral rating to an overweight rating and set a $82.00 price target for the company in a research report on Wednesday, October 24th. JPMorgan Chase & Co. lowered their price target on TransUnion from $88.00 to $84.00 and set an overweight rating for the company in a research report on Wednesday, October 24th. Finally, ValuEngine lowered TransUnion from a buy rating to a hold rating in a research report on Thursday, November 15th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $77.93.

Shares of TRU traded down $2.39 during midday trading on Friday, hitting $60.53. 1,691,240 shares of the stock were exchanged, compared to its average volume of 1,443,345. TransUnion has a 52-week low of $53.11 and a 52-week high of $79.48. The firm has a market cap of $11.66 billion, a P/E ratio of 35.40, a P/E/G ratio of 3.49 and a beta of 0.85. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 2.07.

TransUnion (NYSE:TRU) last released its quarterly earnings results on Tuesday, October 23rd. The business services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. TransUnion had a return on equity of 21.22% and a net margin of 18.98%. The business had revenue of $603.60 million during the quarter, compared to analyst estimates of $617.92 million. During the same period last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 21.2% on a year-over-year basis. Sell-side analysts expect that TransUnion will post 2.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 6th. Investors of record on Wednesday, November 21st were issued a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, November 20th. This represents a $0.30 dividend on an annualized basis and a yield of 0.50%. TransUnion’s dividend payout ratio (DPR) is presently 17.54%.

In related news, EVP John T. Danaher sold 4,319 shares of TransUnion stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $63.51, for a total value of $274,299.69. Following the completion of the transaction, the executive vice president now directly owns 49,492 shares in the company, valued at $3,143,236.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Timothy Elberfeld sold 1,592 shares of TransUnion stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $66.14, for a total value of $105,294.88. Following the completion of the transaction, the chief accounting officer now owns 12,566 shares of the company’s stock, valued at $831,115.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,339 shares of company stock valued at $9,153,788. 2.10% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in TransUnion by 0.7% in the third quarter. Vanguard Group Inc. now owns 15,801,372 shares of the business services provider’s stock valued at $1,162,665,000 after buying an additional 116,055 shares in the last quarter. Morgan Stanley raised its stake in TransUnion by 19.6% in the third quarter. Morgan Stanley now owns 281,183 shares of the business services provider’s stock valued at $20,690,000 after buying an additional 46,138 shares in the last quarter. Legal & General Group Plc raised its stake in TransUnion by 195.2% in the third quarter. Legal & General Group Plc now owns 722,932 shares of the business services provider’s stock valued at $53,193,000 after buying an additional 478,001 shares in the last quarter. Nordea Investment Management AB raised its stake in TransUnion by 1,048.5% in the third quarter. Nordea Investment Management AB now owns 67,667 shares of the business services provider’s stock valued at $4,979,000 after buying an additional 61,775 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in TransUnion by 8.2% in the third quarter. Teachers Advisors LLC now owns 379,011 shares of the business services provider’s stock valued at $27,888,000 after buying an additional 28,689 shares in the last quarter. Hedge funds and other institutional investors own 98.47% of the company’s stock.

TransUnion Company Profile

TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.

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Analyst Recommendations for TransUnion (NYSE:TRU)

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