TransUnion (NYSE:TRU) Price Target Raised to $122.00 at Oppenheimer

TransUnion (NYSE:TRU) had its target price increased by Oppenheimer from $118.00 to $122.00 in a research note issued to investors on Thursday morning, Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

TRU has been the topic of several other reports. Needham & Company LLC reissued a “hold” rating on shares of TransUnion in a research report on Thursday. Robert W. Baird upped their target price on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday. The Goldman Sachs Group raised their price target on TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Wolfe Research upgraded 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. Finally, Morgan Stanley boosted their target price on shares of TransUnion from $96.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.53.

TransUnion Stock Performance

Shares of TransUnion 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 firm has a market cap of $20.12 billion, a price-to-earnings ratio of -72.44, a price-to-earnings-growth ratio of 1.38 and a beta of 1.62. TransUnion has a one year low of $42.09 and a one year high of $113.17. The stock’s 50-day moving average is $101.57 and its 200-day moving average is $85.80.

TransUnion (NYSE:TRU) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm posted $0.80 EPS. The business’s revenue was up 12.0% on a year-over-year basis. Equities analysts predict that TransUnion will post 3.46 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 23rd were issued a dividend of $0.105 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.42 annualized dividend and a yield of 0.41%. TransUnion’s payout ratio is currently -29.37%.

Insider Buying and Selling at TransUnion

In other news, CAO Jennifer A. Williams sold 405 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $38,709.90. Following the completion of the sale, the chief accounting officer now owns 7,186 shares of the company’s stock, valued at approximately $686,837.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Timothy J. Martin sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $104.59, for a total transaction of $261,475.00. Following the transaction, the executive vice president now directly owns 46,739 shares of the company’s stock, valued at approximately $4,888,432.01. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer A. Williams sold 405 shares of TransUnion stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total transaction of $38,709.90. Following the completion of the sale, the chief accounting officer now owns 7,186 shares of the company’s stock, valued at approximately $686,837.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,715 shares of company stock valued at $1,299,729 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TransUnion

Hedge funds have recently added to or reduced their stakes in the stock. Hengehold Capital Management LLC bought a new position in shares of TransUnion in the first quarter worth $216,000. Toth Financial Advisory Corp increased its holdings in TransUnion by 23.5% in the 1st quarter. Toth Financial Advisory Corp now owns 60,167 shares of the business services provider’s stock valued at $4,801,000 after buying an additional 11,467 shares during the period. Principal Financial Group Inc. raised its position in shares of TransUnion by 31.9% in the 1st quarter. Principal Financial Group Inc. now owns 16,609 shares of the business services provider’s stock valued at $1,325,000 after buying an additional 4,021 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of TransUnion by 7.0% during the 1st quarter. HB Wealth Management LLC now owns 5,396 shares of the business services provider’s stock worth $431,000 after acquiring an additional 352 shares during the period. Finally, LifePlan Financial LLC acquired a new stake in shares of TransUnion during the 1st quarter worth approximately $294,000.

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.