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

TransUnion (NYSE:TRU) had its price objective hoisted by Wells Fargo & Company from $125.00 to $135.00 in a research note issued to investors on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the business services provider’s stock.

TRU has been the subject of a number of other research reports. Robert W. Baird lifted their target price on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday. 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 report on Thursday, October 10th. Barclays lifted 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. Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a report on Thursday. Finally, Royal Bank of Canada lifted their price objective on TransUnion from $85.00 to $106.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $104.53.

TransUnion Stock Down 2.9 %

TransUnion stock opened at $103.59 on Thursday. The firm has a market cap of $20.12 billion, a price-to-earnings ratio of -72.44, a PEG ratio of 1.38 and a beta of 1.62. The stock has a fifty day simple moving average of $101.57 and a two-hundred day simple moving average of $85.73. TransUnion has a 12 month low of $42.09 and a 12 month high of $113.17. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.22.

TransUnion (NYSE:TRU) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS. Equities analysts predict that TransUnion will post 3.46 EPS for the current fiscal year.

TransUnion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were given a $0.105 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.42 annualized dividend and a dividend yield of 0.41%. TransUnion’s payout ratio is -29.37%.

Insider Activity

In other news, CAO Jennifer A. Williams sold 405 shares of the business’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 $38,709.90. Following the transaction, the chief accounting officer now directly owns 7,186 shares in the company, valued at $686,837.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Steven M. Chaouki sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $90.14, for a total value of $90,140.00. Following the transaction, the insider now directly owns 69,547 shares in the company, valued at $6,268,966.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jennifer A. Williams sold 405 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $38,709.90. Following the completion of the transaction, the chief accounting officer now owns 7,186 shares in the company, valued at $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 worth $1,299,729 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On TransUnion

Hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC lifted its position in shares of TransUnion by 237.5% in the first quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock worth $39,000 after buying an additional 342 shares in the last quarter. Quarry LP lifted its position in shares of TransUnion by 963.0% in the second quarter. Quarry LP now owns 574 shares of the business services provider’s stock worth $43,000 after buying an additional 520 shares in the last quarter. National Bank of Canada FI lifted its position in shares of TransUnion by 22.3% in the second 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. Blue Trust Inc. lifted its position in shares of TransUnion by 156.6% in the second quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after buying an additional 523 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of TransUnion in the second quarter worth about $75,000.

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.