TransUnion (NYSE:TRU) Price Target Increased to $135.00 by Analysts at Wells Fargo & Company

TransUnion (NYSE:TRU) had its price objective increased by Wells Fargo & Company from $125.00 to $135.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the business services provider’s stock.

Other equities analysts have also issued research reports about the company. Robert W. Baird lifted their price target on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday. Wolfe Research raised shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price for the company in a report on Thursday, October 10th. Oppenheimer upped their price objective on TransUnion from $97.00 to $118.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Needham & Company LLC reissued a “hold” rating on shares of TransUnion in a report on Thursday. Finally, UBS Group began coverage on TransUnion in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $104.53.

TransUnion Price Performance

TRU opened at $106.64 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. TransUnion has a 1 year low of $42.09 and a 1 year high of $113.17. The stock’s 50 day simple moving average is $101.36 and its 200 day simple moving average is $85.52. The firm has a market cap of $20.71 billion, a price-to-earnings ratio of -74.57, a PEG ratio of 1.38 and a beta of 1.62.

TransUnion (NYSE:TRU) last announced its 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 firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 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 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 EPS. As a group, analysts predict that TransUnion will post 3.46 earnings per share for the current year.

TransUnion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Friday, August 23rd. TransUnion’s payout ratio is currently -29.37%.

Insider Activity

In related news, insider Todd C. Skinner sold 2,900 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $85.58, for a total value of $248,182.00. Following the completion of the sale, the insider now owns 27,729 shares of the company’s stock, valued at approximately $2,373,047.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TransUnion news, EVP Timothy J. Martin sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd C. Skinner sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $85.58, for a total value of $248,182.00. Following the completion of the transaction, the insider now owns 27,729 shares in the company, valued at approximately $2,373,047.82. This trade 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 worth $1,299,729 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TRU. Larson Financial Group LLC grew its holdings in TransUnion by 237.5% in the 1st quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock valued at $39,000 after buying an additional 342 shares in the last quarter. Quarry LP boosted its stake 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 buying an additional 520 shares during the period. Signaturefd LLC increased its position in shares of TransUnion by 15.0% during the third quarter. Signaturefd LLC now owns 788 shares of the business services provider’s stock valued at $83,000 after acquiring an additional 103 shares during the last quarter. Blue Trust Inc. lifted its stake in TransUnion by 156.6% during the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after acquiring an additional 523 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of TransUnion by 22.3% during the second quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock worth $66,000 after purchasing an additional 166 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.