Wells Fargo & Company Boosts TransUnion (NYSE:TRU) Price Target to $125.00

TransUnion (NYSE:TRU) had its price target upped by Wells Fargo & Company from $100.00 to $125.00 in a research note released on Wednesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the business services provider’s stock.

Other equities analysts also recently issued reports about the stock. The Goldman Sachs Group increased their target price on shares of TransUnion from $87.00 to $97.00 and gave the stock a neutral rating in a research report on Tuesday, August 20th. Royal Bank of Canada raised their price objective on TransUnion from $85.00 to $106.00 and gave the company an outperform rating in a research note on Friday, July 26th. Robert W. Baird upped their target price on TransUnion from $94.00 to $104.00 and gave the stock an outperform rating in a research report on Friday, July 26th. Wolfe Research assumed coverage on shares of TransUnion in a research report on Tuesday, July 9th. They issued a peer perform rating on the stock. Finally, Morgan Stanley boosted their price objective on shares of TransUnion from $96.00 to $103.00 and gave the stock an overweight rating in a research note on Thursday, September 12th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $95.44.

TransUnion Trading Down 1.8 %

Shares of NYSE TRU opened at $104.70 on Wednesday. The business has a 50 day simple moving average of $95.91 and a 200 day simple moving average of $82.80. TransUnion has a 52 week low of $42.09 and a 52 week high of $107.46. The stock has a market cap of $20.33 billion, a price-to-earnings ratio of -73.22, a PEG ratio of 1.41 and a beta of 1.62. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.66 and a current ratio of 1.66.

TransUnion (NYSE:TRU) last posted its earnings results on Thursday, July 25th. The business services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.86 by $0.13. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.03%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. On average, research analysts predict that TransUnion will post 3.44 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Friday, August 23rd. TransUnion’s dividend payout ratio is currently -29.37%.

Insider Buying and Selling

In other TransUnion news, EVP Timothy J. Martin sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total value of $261,475.00. Following the completion of the transaction, the executive vice president now owns 46,739 shares of the company’s stock, valued at $4,888,432.01. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Steven M. Chaouki sold 1,000 shares of the company’s stock in a transaction dated 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 owns 69,547 shares of the company’s stock, valued at $6,268,966.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Timothy J. Martin sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total transaction of $261,475.00. Following the transaction, the executive vice president now owns 46,739 shares of the company’s stock, valued at approximately $4,888,432.01. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,580 shares of company stock valued at $2,328,929 over the last three months. 0.22% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TransUnion

A number of hedge funds have recently modified their holdings of TRU. Vanguard Group Inc. boosted its stake in TransUnion by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 17,910,715 shares of the business services provider’s stock valued at $1,230,645,000 after buying an additional 234,123 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of TransUnion by 32.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,339,762 shares of the business services provider’s stock valued at $1,211,757,000 after acquiring an additional 3,977,595 shares during the period. Capital International Investors acquired a new stake in shares of TransUnion in the 4th quarter valued at $663,001,000. Price T Rowe Associates Inc. MD grew its holdings in shares of TransUnion by 51.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,755,729 shares of the business services provider’s stock worth $539,108,000 after purchasing an additional 2,306,596 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in TransUnion by 12.1% during the 1st quarter. Van ECK Associates Corp now owns 5,316,891 shares of the business services provider’s stock valued at $424,288,000 after purchasing an additional 572,121 shares during the last quarter.

TransUnion Company Profile

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.