Oppenheimer Cuts TransUnion (NYSE:TRU) Price Target to $112.00

TransUnion (NYSE:TRU) had its price objective trimmed by Oppenheimer from $115.00 to $112.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

Several other brokerages have also issued reports on TRU. Wells Fargo & Company increased their target price on TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Wolfe Research raised TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective for the company in a research report on Thursday, October 10th. Robert W. Baird upped their target price on shares of TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley lifted their price target on shares of TransUnion from $119.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of TransUnion in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, TransUnion has an average rating of “Moderate Buy” and a consensus price target of $106.88.

TransUnion Price Performance

TRU opened at $90.07 on Tuesday. The stock’s 50 day moving average price is $98.04 and its 200-day moving average price is $94.71. TransUnion has a 52-week low of $65.65 and a 52-week high of $113.17. The stock has a market capitalization of $17.55 billion, a PE ratio of 78.32, a price-to-earnings-growth ratio of 1.37 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 (NYSE:TRU) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm earned $0.80 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts predict that TransUnion will post 3.44 EPS for the current year.

TransUnion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Friday, November 22nd. TransUnion’s dividend payout ratio is currently 36.52%.

Insider Activity at TransUnion

In other TransUnion news, Director George M. Awad sold 12,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $100.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the director now directly owns 27,026 shares in the company, valued at $2,702,600. The trade was a 30.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Todd C. Skinner sold 3,090 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $101.48, for a total transaction of $313,573.20. Following the completion of the transaction, the insider now owns 24,333 shares in the company, valued at $2,469,312.84. The trade was a 11.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,090 shares of company stock worth $1,916,758 over the last quarter. Company insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TRU. Huntington National Bank increased its holdings in TransUnion by 84.5% in the 3rd quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Versant Capital Management Inc raised its position in shares of TransUnion by 82.1% during the 4th quarter. Versant Capital Management Inc now owns 428 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 193 shares during the period. Quarry LP lifted its stake in shares of TransUnion by 963.0% during the 2nd quarter. Quarry LP now owns 574 shares of the business services provider’s stock valued at $43,000 after buying an additional 520 shares in the last quarter. True Wealth Design LLC boosted its holdings in TransUnion by 4,590.0% in the 3rd quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock worth $49,000 after buying an additional 459 shares during the period. Finally, National Bank of Canada FI increased its stake in TransUnion by 22.3% in the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock worth $66,000 after buying an additional 166 shares in the last quarter.

TransUnion Company Profile

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.