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

TransUnion (NYSE:TRU) had its price target lowered by stock analysts at Oppenheimer from $122.00 to $115.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s target price would suggest a potential upside of 16.39% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Barclays boosted their price target on shares of TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. The Goldman Sachs Group upped their target price on shares of TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Wolfe Research upgraded shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research report on Thursday, October 10th. UBS Group began coverage on shares of TransUnion in a research report on Tuesday, October 1st. They set a “neutral” rating and a $110.00 target price on the stock. Finally, Wells Fargo & Company upped their target price on shares of TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.38.

TransUnion Stock Performance

NYSE TRU opened at $98.80 on Wednesday. The stock has a market cap of $19.26 billion, a P/E ratio of 85.92, a PEG ratio of 1.32 and a beta of 1.62. The company’s 50-day simple moving average is $103.68 and its 200 day simple moving average is $89.41. TransUnion has a twelve month low of $56.85 and a twelve month high of $113.17. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.19.

TransUnion (NYSE:TRU) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.04 EPS 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 net margin of 5.47% and a return on equity of 15.38%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. As a group, research analysts forecast that TransUnion will post 3.46 earnings per share for the current fiscal year.

Insider Transactions at TransUnion

In other TransUnion news, EVP Heather J. Russell sold 3,173 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $303,275.34. Following the completion of the sale, the executive vice president now owns 19,926 shares in the company, valued at $1,904,527.08. This trade represents a 13.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jennifer A. Williams sold 405 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction of $38,709.90. Following the sale, the chief accounting officer now owns 7,186 shares of the company’s stock, valued at approximately $686,837.88. This represents a 5.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,315 shares of company stock valued at $1,119,897 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of TransUnion

A number of hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its stake in shares of TransUnion by 17.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 19,180,562 shares of the business services provider’s stock worth $2,008,205,000 after buying an additional 2,840,800 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of TransUnion by 51.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,755,729 shares of the business services provider’s stock worth $539,108,000 after buying an additional 2,306,596 shares during the last quarter. FMR LLC lifted its stake in shares of TransUnion by 307.7% during the 3rd quarter. FMR LLC now owns 4,540,896 shares of the business services provider’s stock worth $475,432,000 after buying an additional 3,427,199 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of TransUnion by 16.8% during the 3rd quarter. Wellington Management Group LLP now owns 4,426,510 shares of the business services provider’s stock worth $463,456,000 after buying an additional 635,581 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of 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 buying an additional 674,187 shares during 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.