TransUnion (NYSE:TRU) Shares Gap Down to $69.63

TransUnion (NYSE:TRU - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $69.63, but opened at $67.88. TransUnion shares last traded at $67.99, with a volume of 235,926 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TRU. Truist Financial boosted their target price on shares of TransUnion from $65.00 to $75.00 and gave the company a "hold" rating in a research report on Wednesday, February 14th. Bank of America upgraded shares of TransUnion from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $65.00 to $90.00 in a research report on Monday, April 1st. JPMorgan Chase & Co. upped their price target on shares of TransUnion from $69.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 14th. Evercore ISI upped their price target on shares of TransUnion from $70.00 to $80.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 26th. Finally, Needham & Company LLC upped their price target on shares of TransUnion from $75.00 to $87.00 and gave the stock a "buy" rating in a research report on Tuesday, February 13th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, TransUnion presently has an average rating of "Moderate Buy" and a consensus target price of $81.47.

TransUnion Trading Down 3.7 %

The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.47 and a current ratio of 1.47. The company's fifty day simple moving average is $76.79 and its 200-day simple moving average is $67.91. The company has a market capitalization of $13.02 billion, a P/E ratio of -44.97, a PEG ratio of 1.07 and a beta of 1.61.

TransUnion (NYSE:TRU - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The business services provider reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.08. TransUnion had a negative net margin of 7.50% and a positive return on equity of 13.58%. The business had revenue of $954.00 million for the quarter, compared to analysts' expectations of $927.04 million. During the same period last year, the business earned $0.70 EPS. The company's revenue was up 5.8% compared to the same quarter last year. Research analysts predict that TransUnion will post 3.31 earnings per share for the current year.

TransUnion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, March 6th. TransUnion's dividend payout ratio is currently -28.19%.

Insider Activity

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

Hedge Funds Weigh In On TransUnion

Several hedge funds and other institutional investors have recently modified their holdings of TRU. Capital International Investors purchased a new position in shares of TransUnion in the 4th quarter valued at approximately $663,001,000. Massachusetts Financial Services Co. MA raised its position in 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 worth $483,024,000 after buying an additional 5,981,271 shares during the last quarter. Norges Bank purchased a new position in TransUnion during the 4th quarter worth approximately $119,620,000. Meritage Group LP raised its position in TransUnion by 56.5% during the 4th quarter. Meritage Group LP now owns 5,030,424 shares of the business services provider's stock worth $345,640,000 after buying an additional 1,815,540 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in TransUnion by 12.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,668,211 shares of the business services provider's stock worth $718,921,000 after buying an additional 1,404,564 shares during 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.