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

TransUnion (NYSE:TRU) had its target price boosted by Oppenheimer from $118.00 to $122.00 in a report published on Thursday morning, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

A number of other research firms have also weighed in on TRU. The Goldman Sachs Group boosted their target price on TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Barclays boosted their target price on TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Royal Bank of Canada boosted their target price on TransUnion from $85.00 to $106.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Wells Fargo & Company boosted their target price on TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Wolfe Research raised TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.53.

TransUnion Stock Down 2.9 %

NYSE:TRU opened at $103.59 on Thursday. The firm has a market capitalization 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 twelve month low of $42.09 and a twelve month high of $113.17. The stock’s 50 day moving average price is $101.57 and its two-hundred day moving average price is $85.73. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.22.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 EPS. Equities research analysts expect 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. Stockholders of record on Friday, August 23rd were given a dividend of $0.105 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.41%. TransUnion’s payout ratio is -29.37%.

Insider Activity

In other news, EVP Timothy J. Martin sold 2,500 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total transaction of $261,475.00. Following the completion of the sale, the executive vice president now directly owns 46,739 shares in the company, valued at approximately $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 can be accessed through this hyperlink. In other news, EVP Timothy J. Martin sold 2,500 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total transaction of $261,475.00. Following the completion of the sale, the executive vice president now directly owns 46,739 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, EVP Heather J. Russell sold 3,173 shares of the company’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 owns 19,926 shares of the company’s stock, valued at approximately $1,904,527.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,715 shares of company stock worth $1,299,729. 0.22% of the stock is currently owned by company insiders.

Institutional Trading of TransUnion

Several institutional investors and hedge funds have recently modified their holdings of TRU. Massachusetts Financial Services Co. MA lifted its position in shares of TransUnion by 32.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,339,762 shares of the business services provider’s stock worth $1,211,757,000 after buying an additional 3,977,595 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of TransUnion by 51.8% during 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 buying an additional 2,306,596 shares during the last quarter. CCLA Investment Management lifted its position in shares of TransUnion by 104,813.6% during the 1st quarter. CCLA Investment Management now owns 1,947,196 shares of the business services provider’s stock worth $153,454,000 after buying an additional 1,945,340 shares during the last quarter. XN LP lifted its position in shares of TransUnion by 194.7% during the 2nd quarter. XN LP now owns 1,973,684 shares of the business services provider’s stock worth $146,368,000 after buying an additional 1,303,996 shares during the last quarter. Finally, Ninety One UK Ltd lifted its position in shares of TransUnion by 37.4% during the 2nd quarter. Ninety One UK Ltd now owns 2,566,928 shares of the business services provider’s stock worth $190,363,000 after buying an additional 698,580 shares during 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.