TransUnion (NYSE:TRU) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

TransUnion (NYSE:TRU)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $98.99 and traded as low as $91.17. TransUnion shares last traded at $91.85, with a volume of 950,978 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wolfe Research raised TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research note on Thursday, October 10th. Robert W. Baird boosted their price target on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley raised their price objective on TransUnion from $119.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. UBS Group started coverage on shares of TransUnion in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 price target on the stock. Finally, The Goldman Sachs Group upped their price target on shares of TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, TransUnion has an average rating of “Moderate Buy” and a consensus target price of $107.06.

TransUnion Trading Up 0.5 %

The company has a 50 day moving average of $98.77 and a two-hundred day moving average of $94.17. The stock has a market capitalization of $17.98 billion, a PE ratio of 80.24, a P/E/G ratio of 1.37 and a beta of 1.62. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68.

TransUnion (NYSE:TRU) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the business earned $0.80 EPS. TransUnion’s revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts predict that TransUnion will post 3.44 EPS for the current year.

TransUnion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 22nd were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Friday, November 22nd. TransUnion’s payout ratio is presently 36.52%.

Insider Activity at TransUnion

In other news, Director George M. Awad sold 12,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $100.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the director now owns 27,026 shares in the company, valued at approximately $2,702,600. This represents a 30.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $93.60, for a total transaction of $93,600.00. Following the completion of the transaction, the insider now directly owns 59,488 shares in the company, valued at $5,568,076.80. This represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,090 shares of company stock worth $1,916,758. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Natixis Advisors LLC boosted its holdings in TransUnion by 15.2% in the 2nd quarter. Natixis Advisors LLC now owns 22,696 shares of the business services provider’s stock worth $1,683,000 after acquiring an additional 2,993 shares during the period. CIBC Asset Management Inc boosted its position in shares of TransUnion by 6.4% during the second quarter. CIBC Asset Management Inc now owns 6,512 shares of the business services provider’s stock worth $483,000 after buying an additional 393 shares during the period. Larson Financial Group LLC increased its holdings in shares of TransUnion by 410.9% during the second quarter. Larson Financial Group LLC now owns 2,483 shares of the business services provider’s stock valued at $184,000 after purchasing an additional 1,997 shares during the period. National Bank of Canada FI raised its position in shares of TransUnion by 22.3% during the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock worth $66,000 after buying an additional 166 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in TransUnion by 24.1% in the second quarter. Victory Capital Management Inc. now owns 3,468,854 shares of the business services provider’s stock worth $257,250,000 after purchasing an additional 674,187 shares during the period.

TransUnion Company Profile

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.