Oppenheimer Lowers TransUnion (NYSE:TRU) Price Target to $115.00

TransUnion (NYSE:TRU) had its price objective trimmed by Oppenheimer from $122.00 to $115.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley upped their price target on TransUnion from $103.00 to $119.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Stifel Nicolaus lifted their price target on shares of TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays lifted their price target on shares of TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Wells Fargo & Company raised their price objective on TransUnion from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their price objective on TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $106.38.

TransUnion Trading Up 0.5 %

TRU stock opened at $99.13 on Wednesday. The business’s 50-day moving average is $103.67 and its 200 day moving average is $89.61. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.19. The stock has a market cap of $19.32 billion, a price-to-earnings ratio of 86.20, a PEG ratio of 1.37 and a beta of 1.62. TransUnion has a 12-month low of $56.85 and a 12-month high of $113.17.

TransUnion (NYSE:TRU) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 EPS. On average, sell-side analysts anticipate that TransUnion will post 3.46 EPS for the current fiscal year.

TransUnion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 22nd will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, November 22nd. TransUnion’s dividend payout ratio is currently 36.52%.

Insider Transactions at TransUnion

In related news, EVP Timothy J. Martin sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $95.65, for a total transaction of $239,125.00. Following the completion of the sale, the executive vice president now directly owns 49,239 shares in the company, valued at approximately $4,709,710.35. This trade represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Heather J. Russell sold 3,173 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $303,275.34. Following the sale, the executive vice president now directly owns 19,926 shares of the company’s stock, valued at approximately $1,904,527.08. This represents a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,315 shares of company stock valued at $1,119,897. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On TransUnion

Several hedge funds have recently modified their holdings of TRU. Huntington National Bank grew its stake in TransUnion by 84.5% during the 3rd quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 131 shares in the last quarter. Quarry LP boosted its position in TransUnion by 963.0% during the second quarter. Quarry LP now owns 574 shares of the business services provider’s stock worth $43,000 after purchasing an additional 520 shares during the period. True Wealth Design LLC grew its stake in TransUnion by 4,590.0% in the 3rd quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock valued at $49,000 after buying an additional 459 shares during the last quarter. National Bank of Canada FI grew its position in shares of TransUnion by 22.3% in the second quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 166 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of TransUnion by 156.6% in the second quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after purchasing an additional 523 shares during the period.

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.