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

TransUnion (NYSE:TRU) had its target price dropped by research analysts at Oppenheimer from $115.00 to $112.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price objective would indicate a potential upside of 21.05% from the stock’s previous close.

A number of other research firms have also weighed in on TRU. Wolfe Research raised 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 note on Thursday, October 10th. Needham & Company LLC reiterated a “hold” rating on shares of TransUnion in a research report on Thursday, October 24th. UBS Group assumed coverage on TransUnion in a report on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 target price for the company. Morgan Stanley lifted their price target on TransUnion from $119.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group upped their price objective on shares of TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $106.88.

TransUnion Stock Up 0.3 %

TransUnion stock opened at $92.52 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $18.03 billion, a PE ratio of 80.45, a price-to-earnings-growth ratio of 1.37 and a beta of 1.62. The business has a 50 day simple moving average of $98.54 and a 200-day simple moving average of $94.63. TransUnion has a 12 month low of $65.17 and a 12 month high of $113.17.

TransUnion (NYSE:TRU) last issued its quarterly earnings results 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 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%. TransUnion’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $0.80 EPS. On average, analysts anticipate that TransUnion will post 3.44 EPS for the current fiscal year.

Insider Transactions at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $93.60, for a total transaction of $93,600.00. Following the transaction, the insider now owns 59,488 shares of the company’s stock, valued at $5,568,076.80. The trade was a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Todd C. Skinner sold 3,090 shares of the firm’s 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 transaction, the insider now owns 24,333 shares in the company, valued at approximately $2,469,312.84. This trade represents a 11.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,090 shares of company stock worth $1,916,758. 0.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TransUnion

A number of hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank boosted its holdings in TransUnion by 84.5% during the third quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock worth $30,000 after buying an additional 131 shares in the last quarter. Versant Capital Management Inc boosted its position in TransUnion by 82.1% during the fourth quarter. Versant Capital Management Inc now owns 428 shares of the business services provider’s stock worth $40,000 after purchasing an additional 193 shares in the last quarter. True Wealth Design LLC raised its stake in shares of TransUnion by 4,590.0% during 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 last quarter. Quarry LP grew its stake in TransUnion by 963.0% in the 2nd quarter. Quarry LP now owns 574 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 520 shares during the last quarter. Finally, Signaturefd LLC raised its position in TransUnion by 15.0% during the third quarter. Signaturefd LLC now owns 788 shares of the business services provider’s stock worth $83,000 after acquiring an additional 103 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.