TransUnion (NYSE:TRU) Price Target Raised to $97.00 at Oppenheimer

TransUnion (NYSE:TRU) had its price target increased by Oppenheimer from $90.00 to $97.00 in a research report report published on Friday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

Other research analysts have also issued research reports about the stock. Morgan Stanley lifted their price objective on shares of TransUnion from $87.00 to $90.00 and gave the stock an overweight rating in a research note on Friday, April 26th. Needham & Company LLC boosted their price target on shares of TransUnion from $89.00 to $92.00 and gave the company a buy rating in a report on Friday. Royal Bank of Canada upped their price objective on shares of TransUnion from $85.00 to $106.00 and gave the company an outperform rating in a research report on Friday. Wolfe Research began coverage on TransUnion in a research note on Tuesday, July 9th. They issued a peer perform rating for the company. Finally, Bank of America raised TransUnion from a neutral rating to a buy rating and set a $92.00 price target on the stock in a research report on Thursday, June 20th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $86.80.

TransUnion Trading Up 1.2 %

Shares of NYSE TRU opened at $87.47 on Friday. TransUnion has a fifty-two week low of $42.09 and a fifty-two week high of $87.97. The firm has a market capitalization of $16.99 billion, a P/E ratio of -61.16, a P/E/G ratio of 1.69 and a beta of 1.61. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.66. The company’s 50 day simple moving average is $75.79 and its 200 day simple moving average is $75.13.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.13. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.76 EPS. On average, analysts predict that TransUnion will post 3.43 EPS for the current year.

TransUnion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Thursday, May 16th. TransUnion’s payout ratio is presently -29.37%.

Insider Buying and Selling

In other news, insider Steven M. Chaouki sold 1,776 shares of TransUnion stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $72.00, for a total value of $127,872.00. Following the completion of the transaction, the insider now owns 71,547 shares of the company’s stock, valued at approximately $5,151,384. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Steven M. Chaouki sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $74.27, for a total transaction of $74,270.00. Following the transaction, the insider now directly owns 70,547 shares of the company’s stock, valued at approximately $5,239,525.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven M. Chaouki sold 1,776 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $72.00, for a total value of $127,872.00. Following the sale, the insider now directly owns 71,547 shares of the company’s stock, valued at approximately $5,151,384. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,761 shares of company stock worth $2,266,576. Insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On TransUnion

Several large investors have recently modified their holdings of TRU. Cornerstone Investment Partners LLC grew its stake in TransUnion by 1.4% in the 1st quarter. Cornerstone Investment Partners LLC now owns 9,586 shares of the business services provider’s stock valued at $765,000 after buying an additional 135 shares during the last quarter. GAMMA Investing LLC increased its stake 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 during the period. Xponance Inc. lifted its holdings in TransUnion by 1.9% during the 4th quarter. Xponance Inc. now owns 8,215 shares of the business services provider’s stock worth $564,000 after purchasing an additional 157 shares during the last quarter. Concord Wealth Partners boosted its stake in TransUnion by 7.4% in the 4th quarter. Concord Wealth Partners now owns 2,311 shares of the business services provider’s stock valued at $159,000 after purchasing an additional 159 shares during the period. Finally, V Square Quantitative Management LLC grew its holdings in TransUnion by 6.4% in the 2nd quarter. V Square Quantitative Management LLC now owns 2,762 shares of the business services provider’s stock valued at $205,000 after buying an additional 165 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.