TransUnion (NYSE:TRU) Given New $118.00 Price Target at Oppenheimer

TransUnion (NYSE:TRU) had its target price hoisted by Oppenheimer from $97.00 to $118.00 in a research note issued to investors on Tuesday, Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Wolfe Research initiated coverage on shares of TransUnion in a research note on Tuesday, July 9th. They issued a peer perform rating on the stock. Bank of America raised shares of TransUnion from a neutral rating to a buy rating and set a $92.00 target price for the company in a research note on Thursday, June 20th. The Goldman Sachs Group raised their price target on shares of TransUnion from $97.00 to $109.00 and gave the company a neutral rating in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their price objective on TransUnion from $100.00 to $125.00 and gave the stock an overweight rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada raised their target price on TransUnion from $85.00 to $106.00 and gave the company an outperform rating in a research report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $98.71.

TransUnion Trading Up 0.6 %

TransUnion stock opened at $105.64 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.22. The stock’s 50 day simple moving average is $97.68 and its two-hundred day simple moving average is $83.72. TransUnion has a 12 month low of $42.09 and a 12 month high of $108.56. The firm has a market cap of $20.53 billion, a PE ratio of -83.18, a P/E/G ratio of 1.42 and a beta of 1.62.

TransUnion (NYSE:TRU) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.13. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm posted $0.76 EPS. TransUnion’s quarterly revenue was up 7.5% compared to the same quarter last year. Analysts anticipate that TransUnion will post 3.45 earnings per share for the current year.

TransUnion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.40%. TransUnion’s dividend payout ratio is currently -33.07%.

Insider Activity at TransUnion

In other TransUnion news, insider Todd C. Skinner sold 2,900 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $85.58, for a total transaction of $248,182.00. Following the completion of the sale, the insider now owns 27,729 shares of the company’s stock, valued at $2,373,047.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other TransUnion news, insider Todd C. Skinner sold 2,900 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $85.58, for a total transaction of $248,182.00. Following the completion of the transaction, the insider now owns 27,729 shares of the company’s stock, valued at $2,373,047.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy J. Martin sold 2,500 shares of TransUnion stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $104.59, for a total transaction of $261,475.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,715 shares of company stock worth $1,299,729. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TRU. Elo Mutual Pension Insurance Co raised its holdings in shares of TransUnion by 0.7% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 17,822 shares of the business services provider’s stock valued at $1,322,000 after buying an additional 123 shares during the period. Cornerstone Investment Partners LLC increased its stake in TransUnion by 1.4% during the first quarter. Cornerstone Investment Partners LLC now owns 9,586 shares of the business services provider’s stock worth $765,000 after purchasing an additional 135 shares during the period. GAMMA Investing LLC lifted its position in shares of TransUnion by 32.9% during the first quarter. GAMMA Investing LLC now owns 573 shares of the business services provider’s stock worth $46,000 after purchasing an additional 142 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of TransUnion by 6.4% in the second quarter. V Square Quantitative Management LLC now owns 2,762 shares of the business services provider’s stock valued at $205,000 after purchasing an additional 165 shares during the period. Finally, National Bank of Canada FI grew its holdings in shares of TransUnion by 22.3% in the second quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock valued at $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.