TransUnion (NYSE:TRU) Price Target Raised to $130.00

TransUnion (NYSE:TRU) had its price objective increased by Robert W. Baird from $104.00 to $130.00 in a research report report published on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

Several other equities research analysts have also recently commented on TRU. UBS Group initiated coverage on shares of TransUnion in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 price target on the stock. Wells Fargo & Company raised their target price on shares of TransUnion from $100.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group increased their price objective on TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Morgan Stanley boosted their target price on TransUnion from $96.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Finally, Needham & Company LLC downgraded TransUnion from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.53.

TransUnion Stock Performance

Shares of TRU stock opened at $103.59 on Thursday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.66. The company’s fifty day moving average price is $101.57 and its two-hundred day moving average price is $85.80. The firm has a market capitalization of $20.12 billion, a P/E ratio of -72.44, a P/E/G ratio of 1.38 and a beta of 1.62. TransUnion has a 12 month low of $42.09 and a 12 month high of $113.17.

TransUnion (NYSE:TRU) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm earned $0.80 EPS. The business’s revenue was up 12.0% on a year-over-year basis. On average, research analysts anticipate that TransUnion will post 3.46 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 23rd were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.42 annualized dividend and a dividend yield of 0.41%. TransUnion’s dividend payout ratio (DPR) is presently -29.37%.

Insiders Place Their Bets

In other news, insider Todd C. Skinner sold 2,900 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $85.58, for a total value of $248,182.00. Following the sale, the insider now owns 27,729 shares of the company’s stock, valued at approximately $2,373,047.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $90.14, for a total value of $90,140.00. Following the sale, the insider now directly owns 69,547 shares in the company, valued at $6,268,966.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Todd C. Skinner sold 2,900 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $85.58, for a total transaction of $248,182.00. Following the completion of the sale, the insider now owns 27,729 shares in the company, valued at approximately $2,373,047.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,715 shares of company stock worth $1,299,729 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC lifted its stake in TransUnion by 237.5% in the first quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock valued at $39,000 after buying an additional 342 shares in the last quarter. Quarry LP raised its position in TransUnion by 963.0% in the 2nd quarter. Quarry LP now owns 574 shares of the business services provider’s stock valued at $43,000 after buying an additional 520 shares during the last quarter. National Bank of Canada FI lifted its stake in TransUnion by 22.3% in the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 166 shares in the last quarter. Blue Trust Inc. boosted its position in TransUnion by 156.6% during the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after acquiring an additional 523 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new position in TransUnion in the second quarter valued at $75,000.

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.