TransUnion (NYSE:TRU) Price Target Raised to $135.00

TransUnion (NYSE:TRU) had its target price lifted by investment analysts at Wells Fargo & Company from $125.00 to $135.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 30.27% from the company’s current price.

Several other analysts also recently issued reports on the company. Oppenheimer upped their price target on TransUnion from $97.00 to $118.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Morgan Stanley increased their price target on TransUnion from $96.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Royal Bank of Canada boosted their price objective on shares of TransUnion from $85.00 to $106.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Wolfe Research upgraded shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research note on Thursday, October 10th. Finally, Needham & Company LLC reissued a “hold” rating on shares of TransUnion in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.53.

TransUnion Price Performance

Shares of TRU opened at $103.63 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $20.12 billion, a PE ratio of -72.47, a PEG ratio of 1.38 and a beta of 1.62. The firm’s 50 day moving average price is $101.57 and its 200 day moving average price is $85.69. TransUnion has a twelve month low of $42.09 and a twelve month high of $113.17.

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, beating analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.03%. TransUnion’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. As a group, research analysts expect that TransUnion will post 3.46 EPS for the current fiscal year.

Insider Buying and Selling at TransUnion

In other news, EVP Heather J. Russell sold 3,173 shares of TransUnion stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $95.58, for a total transaction of $303,275.34. Following the sale, the executive vice president now directly owns 19,926 shares in the company, valued at approximately $1,904,527.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $90.14, for a total transaction of $90,140.00. Following the completion of the transaction, the insider now directly owns 69,547 shares in the company, valued at $6,268,966.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Heather J. Russell sold 3,173 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total transaction of $303,275.34. Following the completion of the sale, the executive vice president now owns 19,926 shares in the company, valued at $1,904,527.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,715 shares of company stock valued at $1,299,729 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TransUnion

Several institutional investors have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co increased its holdings in shares of TransUnion by 3.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 179,865 shares of the business services provider’s stock worth $14,369,000 after buying an additional 6,270 shares in the last quarter. Picton Mahoney Asset Management bought a new position in TransUnion in the 1st quarter valued at $3,900,000. California State Teachers Retirement System boosted its stake in TransUnion by 2.4% in the first quarter. California State Teachers Retirement System now owns 327,518 shares of the business services provider’s stock worth $26,136,000 after purchasing an additional 7,636 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of TransUnion by 24.1% during the second quarter. Victory Capital Management Inc. now owns 3,468,854 shares of the business services provider’s stock worth $257,250,000 after purchasing an additional 674,187 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of TransUnion by 6.8% in the first quarter. Nordea Investment Management AB now owns 13,135 shares of the business services provider’s stock valued at $1,058,000 after buying an additional 832 shares in the last quarter.

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.