TransUnion (NYSE:TRU) Price Target Cut to $126.00 by Analysts at Wells Fargo & Company

TransUnion (NYSE:TRU) had its target price lowered by Wells Fargo & Company from $135.00 to $126.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the business services provider’s stock.

A number of other brokerages also recently weighed in on TRU. Royal Bank of Canada reiterated an “outperform” rating and set a $121.00 target price on shares of TransUnion in a report on Thursday, October 24th. Robert W. Baird raised their price objective on TransUnion from $104.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer dropped their target price on TransUnion from $115.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday. Barclays raised their price target on TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Finally, The Goldman Sachs Group upped their price target on shares of TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $106.31.

TransUnion Price Performance

Shares of TRU stock opened at $86.55 on Friday. The business’s fifty day moving average is $97.82 and its 200 day moving average is $94.68. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.19. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 75.26, a PEG ratio of 1.37 and a beta of 1.62. TransUnion has a twelve month low of $66.07 and a twelve month high of $113.17.

TransUnion (NYSE:TRU) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, topping 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 firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm earned $0.80 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. Research analysts expect that TransUnion will post 3.44 EPS for the current fiscal year.

TransUnion Dividend Announcement

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. The ex-dividend date was Friday, November 22nd. This represents a $0.42 dividend on an annualized basis and a yield of 0.49%. TransUnion’s dividend payout ratio is presently 36.52%.

Insider Activity

In related news, insider Steven M. Chaouki sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $93.60, for a total value of $93,600.00. Following the transaction, the insider now owns 59,488 shares of the company’s stock, valued at approximately $5,568,076.80. This trade represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Todd C. Skinner sold 3,090 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $101.48, for a total transaction of $313,573.20. Following the sale, the insider now directly owns 24,333 shares of the company’s stock, valued at approximately $2,469,312.84. This represents a 11.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,090 shares of company stock valued at $1,916,758 in the last ninety days. 0.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TransUnion

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of 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 worth $136,951,000 after buying an additional 140,952 shares during the period. FMR LLC raised its stake in 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 acquiring an additional 3,427,199 shares during the period. Dark Forest Capital Management LP purchased a new position in TransUnion during the second quarter valued at approximately $493,000. Captrust Financial Advisors purchased a new position in TransUnion during the third quarter valued at approximately $892,000. Finally, Artemis Investment Management LLP purchased a new stake in shares of TransUnion in the third quarter worth $32,008,000.

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.