TransUnion (NYSE:TRU) Short Interest Down 15.0% in April

TransUnion (NYSE:TRUGet Free Report) was the target of a large decline in short interest in April. As of April 30th, there was short interest totalling 4,880,000 shares, a decline of 15.0% from the April 15th total of 5,740,000 shares. Based on an average daily trading volume, of 1,730,000 shares, the days-to-cover ratio is currently 2.8 days.

Insider Activity at TransUnion

In other news, EVP Richard Dane Mauldin sold 1,500 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $78.10, for a total value of $117,150.00. Following the sale, the executive vice president now owns 22,033 shares of the company’s stock, valued at approximately $1,720,777.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other TransUnion news, EVP Timothy J. Martin sold 12,000 shares of the business’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 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Richard Dane Mauldin sold 1,500 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $78.10, for a total value of $117,150.00. Following the transaction, the executive vice president now directly owns 22,033 shares in the company, valued at approximately $1,720,777.30. The disclosure for this sale can be found here. Insiders have sold a total of 15,275 shares of company stock valued at $1,204,538 in the last 90 days. 0.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TransUnion

Institutional investors have recently made changes to their positions in the company. Capital International Investors bought a new stake in TransUnion in the 4th quarter valued at $663,001,000. Massachusetts Financial Services Co. MA boosted its stake in shares of TransUnion by 570.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,029,897 shares of the business services provider’s stock valued at $483,024,000 after buying an additional 5,981,271 shares during the period. CCLA Investment Management increased its stake in TransUnion by 104,813.6% during the 1st quarter. CCLA Investment Management now owns 1,947,196 shares of the business services provider’s stock worth $153,454,000 after acquiring an additional 1,945,340 shares during the period. Meritage Group LP raised its holdings in TransUnion by 56.5% in the 4th quarter. Meritage Group LP now owns 5,030,424 shares of the business services provider’s stock valued at $345,640,000 after acquiring an additional 1,815,540 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of TransUnion during the 4th quarter valued at $90,682,000.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TRU shares. Needham & Company LLC lifted their price target on shares of TransUnion from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Truist Financial increased their target price on TransUnion from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. StockNews.com upgraded TransUnion from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. increased their price target on shares of TransUnion from $69.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Finally, Evercore ISI lifted 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. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.60.

Check Out Our Latest Stock Analysis on TRU

TransUnion Trading Down 0.2 %

Shares of NYSE TRU opened at $78.30 on Wednesday. The business has a 50-day moving average of $76.43 and a 200-day moving average of $69.33. TransUnion has a fifty-two week low of $42.09 and a fifty-two week high of $82.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.65 and a current ratio of 1.65.

TransUnion (NYSE:TRUGet Free Report) last released its earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share for the quarter, beating 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 business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $977.62 million. As a group, sell-side analysts anticipate that TransUnion will post 3.31 EPS for the current fiscal year.

TransUnion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.42 dividend on an annualized basis and a yield of 0.54%. TransUnion’s dividend payout ratio (DPR) is -29.37%.

About TransUnion

(Get Free Report)

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.

Further Reading

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