TransUnion Declares Quarterly Dividend of $0.11 (NYSE:TRU)

TransUnion (NYSE:TRU) declared a quarterly dividend on Friday, May 3rd, Zacks reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.105 per share by the business services provider on Monday, June 3rd. This represents a $0.42 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, May 16th.

TransUnion has increased its dividend payment by an average of 11.9% per year over the last three years. TransUnion has a dividend payout ratio of 9.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TransUnion to earn $3.98 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 10.6%.

TransUnion Stock Up 3.2 %

Shares of TransUnion stock traded up $2.38 during midday trading on Friday, hitting $77.07. 1,591,869 shares of the company traded hands, compared to its average volume of 2,074,153. The firm’s fifty day moving average price is $76.27 and its 200-day moving average price is $68.10. TransUnion has a 12 month low of $42.09 and a 12 month high of $82.75. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.26.

TransUnion (NYSE:TRU) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.12. TransUnion had a negative net margin of 7.02% and a positive return on equity of 14.26%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $977.62 million. As a group, equities research analysts forecast that TransUnion will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling at TransUnion

In other news, EVP Timothy J. Martin sold 12,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total transaction of $943,080.00. Following the transaction, the executive vice president now owns 54,522 shares of the company’s stock, valued at approximately $4,284,883.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other TransUnion news, EVP Richard Dane Mauldin sold 1,500 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $78.10, for a total transaction of $117,150.00. Following the completion of the sale, the executive vice president now owns 22,033 shares in the company, valued at approximately $1,720,777.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy J. Martin sold 12,000 shares of the firm’s stock in a transaction 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 in the company, valued at $4,284,883.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,275 shares of company stock valued at $1,204,538. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Truist Financial boosted their price target on TransUnion from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Bank of America raised shares of TransUnion from an “underperform” rating to a “neutral” rating and raised their price target for the company from $65.00 to $90.00 in a research note on Monday, April 1st. Jefferies Financial Group boosted their price objective on shares of TransUnion from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Stifel Nicolaus raised their target price on TransUnion from $83.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Robert W. Baird upped their price target on TransUnion from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.60.

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.