TransUnion (NYSE:TRU) closed Thursday at $63.66 per share, down from $65.00 a day earlier. While TransUnion has underperformed by -2.06%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TRU fell by -45.22%, with highs and lows ranging from $120.91 to $64.27, whereas the simple moving average fell by -30.49% in the last 200 days.
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On July 27, 2022, BofA Securities Downgraded TransUnion (NYSE: TRU) to Neutral. A report published by Wells Fargo on July 13, 2022, Initiated its previous ‘Equal Weight’ rating for TRU. Deutsche Bank also rated TRU shares as ‘Buy’, setting a target price of $124 on the company’s shares in an initiating report dated March 30, 2022. Goldman March 18, 2022d the rating to Neutral on March 18, 2022, and set its price target from $125 to $109. BofA Securities initiated its ‘Buy’ rating for TRU, as published in its report on March 11, 2022. Morgan Stanley’s report from February 23, 2022 suggests a price prediction of $102 for TRU shares, giving the stock a ‘Equal-Weight’ rating. Truist also rated the stock as ‘Hold’.
Analysis of TransUnion (TRU)
The current dividend for TRU investors is set at $0.42 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 30.20%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of TransUnion’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 34.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and TRU is recording an average volume of 1.29M. On a monthly basis, the volatility of the stock is set at 2.76%, whereas on a weekly basis, it is put at 2.61%, with a loss of -7.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $92.56, showing growth from the present price of $63.66, which can serve as yet another indication of whether TRU is worth investing in or should be passed over.
How Do You Analyze TransUnion Shares?
TransUnion (TRU) is based in the USA and is one of the most prominent companies operating in the Consulting Services market. When comparing TransUnion shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 50.89, there is a growth in quarterly earnings of -18.50%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.20%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in TRU shares?
The recent increase in stakes in TRU appears to be a result of several institutional investors and hedge funds increasing their positions. The company now owns 20,542,770 shares of the stock, with a value of $1.52 billion, following the purchase of 20,542,770 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in TRU during the first quarter, upping its stake by 1.42%. During the last quarter, the company dropped down 232,628 additional shares for a total stake of worth $1.23 billion, bringing number of shares owned by the company to 16,649,224.
During the first quarter, T. Rowe Price Associates, Inc. subtracted a -19,687,282 position in TRU. Massachusetts Financial Services purchased an additional 0.54 million shares in the last quarter, increasing its holdings by 6.41%, now holding 8.95 million shares worth $661.19 million. At the end of the first quarter, Wellington Management Co. LLP decreased its TRU holdings by -7.85% and now holds 7.73 million TRU shares valued at $570.65 million with the lessened -0.66 million shares during the period.