Wells Fargo & Company Increases TransUnion (NYSE:TRU) Price Target to $135.00

TransUnion (NYSE:TRU) had its price objective hoisted by equities research analysts at Wells Fargo & Company from $125.00 to $135.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 24.93% from the stock’s previous close.

Several other analysts have also recently weighed in on TRU. Robert W. Baird boosted their price objective on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays boosted their price objective on TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Morgan Stanley boosted their price objective on TransUnion from $96.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. The Goldman Sachs Group upped their price target on TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Finally, Wolfe Research raised TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price target for the company in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TransUnion currently has a consensus rating of “Moderate Buy” and an average target price of $100.82.

TransUnion Stock Performance

TRU stock traded down $0.61 on Thursday, reaching $108.06. 88,431 shares of the company were exchanged, compared to its average volume of 1,578,813. TransUnion has a 12 month low of $42.09 and a 12 month high of $113.17. 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 stock’s fifty day moving average price is $101.10 and its 200 day moving average price is $85.37. The firm has a market capitalization of $20.99 billion, a PE ratio of -75.57, a PEG ratio of 1.38 and a beta of 1.62.

TransUnion (NYSE:TRU) last issued 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 the consensus estimate of $1.02 billion. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.03%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. On average, research analysts anticipate that TransUnion will post 3.46 EPS for the current fiscal year.

Insider Activity at TransUnion

In related news, EVP Heather J. Russell sold 3,173 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 value of $303,275.34. Following the sale, the executive vice president now directly owns 19,926 shares of the company’s stock, valued at $1,904,527.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Heather J. Russell sold 3,173 shares of TransUnion stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction of $303,275.34. Following the sale, the executive vice president now directly owns 19,926 shares of the company’s stock, valued at approximately $1,904,527.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer A. Williams sold 405 shares of TransUnion stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $38,709.90. Following the completion of the sale, the chief accounting officer now owns 7,186 shares of the company’s stock, valued at approximately $686,837.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,715 shares of company stock valued at $1,299,729 over the last ninety days. 0.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Signaturefd LLC boosted its position in shares of TransUnion by 15.0% during the third quarter. Signaturefd LLC now owns 788 shares of the business services provider’s stock valued at $83,000 after buying an additional 103 shares during the last quarter. Elo Mutual Pension Insurance Co raised its holdings in shares of TransUnion by 0.7% during 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 in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of TransUnion by 6.4% during 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. National Bank of Canada FI grew its position in TransUnion by 22.3% during the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock worth $66,000 after acquiring an additional 166 shares during the last quarter. Finally, OLD National Bancorp IN grew its position in TransUnion by 5.8% during the 2nd quarter. OLD National Bancorp IN now owns 4,599 shares of the business services provider’s stock worth $341,000 after acquiring an additional 254 shares during 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.