TransUnion (NYSE:TRU) Price Target Lowered to $115.00 at Oppenheimer

TransUnion (NYSE:TRU) had its target price lowered by Oppenheimer from $122.00 to $115.00 in a report published on Wednesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus raised their target price on TransUnion from $103.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley upped their price target on TransUnion from $103.00 to $119.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. 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 research report on Wednesday, October 2nd. Wells Fargo & Company raised their price target on TransUnion from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Barclays lifted their price target on TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $106.38.

TransUnion Stock Performance

Shares of TRU opened at $99.11 on Wednesday. The stock has a market capitalization of $19.32 billion, a P/E ratio of 86.00, a P/E/G ratio of 1.32 and a beta of 1.62. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68. TransUnion has a 1 year low of $56.85 and a 1 year high of $113.17. The company’s fifty day moving average is $103.69 and its two-hundred day moving average is $89.48.

TransUnion (NYSE:TRU) last announced its quarterly earnings data 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 company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The firm’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 company earned $0.80 EPS. On average, sell-side analysts predict that TransUnion will post 3.46 earnings per share for the current year.

TransUnion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Friday, November 22nd will be issued a $0.105 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.42 annualized dividend and a yield of 0.42%. TransUnion’s dividend payout ratio (DPR) is presently 36.52%.

Insiders Place Their Bets

In related news, EVP Timothy J. Martin sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $95.65, for a total value 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 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Heather J. Russell sold 3,173 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction of $303,275.34. Following the transaction, the executive vice president now directly owns 19,926 shares in the company, valued at approximately $1,904,527.08. This represents a 13.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,315 shares of company stock valued at $1,119,897 in the last quarter. 0.22% of the stock is currently owned by company insiders.

Institutional Trading of TransUnion

A number of institutional investors and hedge funds have recently made changes to their positions in TRU. CANADA LIFE ASSURANCE Co grew its position in TransUnion by 3.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 179,865 shares of the business services provider’s stock valued at $14,369,000 after acquiring an additional 6,270 shares during the period. California State Teachers Retirement System grew its holdings in shares of TransUnion by 2.4% during the 1st quarter. California State Teachers Retirement System now owns 327,518 shares of the business services provider’s stock worth $26,136,000 after purchasing an additional 7,636 shares during the period. Victory Capital Management Inc. increased its position in TransUnion by 24.1% during the 2nd quarter. Victory Capital Management Inc. now owns 3,468,854 shares of the business services provider’s stock worth $257,250,000 after purchasing an additional 674,187 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in TransUnion by 12.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,308,028 shares of the business services provider’s stock valued at $136,951,000 after buying an additional 140,952 shares during the period. Finally, Blue Trust Inc. lifted its position in TransUnion by 156.6% during the second quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after buying an additional 523 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.