TransUnion (NYSE:TRU) Given New $118.00 Price Target at BMO Capital Markets

Key Points

• BMO Capital Markets increased its target price for TransUnion's stock from $115.00 to $118.00, indicating a potential upside of 21.11% from the current price.
• TransUnion's shares are currently trading around $97.43, down 1.0%, with a year low of $66.38 and a high of $113.17.
• Recently reported quarterly earnings showed that TransUnion surpassed expectations with $1.08 earnings per share and revenues of $1.14 billion, reflecting a 9.5% increase from the previous year.
• Insider transactions revealed that a company insider sold 1,000 shares at an average price of $87.14, representing a 1.33% decrease in their ownership.

TransUnion (NYSE:TRU - Free Report) had its price objective boosted by BMO Capital Markets from $115.00 to $118.00 in a report issued on Friday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the business services provider's stock.

Other equities analysts have also issued reports about the stock. Wall Street Zen lowered shares of TransUnion from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Needham & Company LLC reissued a "hold" rating on shares of TransUnion in a report on Friday. Stifel Nicolaus reduced their price target on shares of TransUnion from $120.00 to $112.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Bank of America started coverage on shares of TransUnion in a research note on Thursday, April 10th. They issued an "underperform" rating and a $84.00 price target on the stock. Finally, Barclays reduced their price target on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $112.46.

TransUnion Price Performance

TRU stock traded down $0.37 during mid-day trading on Friday, hitting $97.95. The stock had a trading volume of 751,867 shares, compared to its average volume of 2,076,577. The company has a current ratio of 2.03, a quick ratio of 2.02 and a debt-to-equity ratio of 1.09. TransUnion has a 52 week low of $66.38 and a 52 week high of $113.17. The firm has a market capitalization of $19.11 billion, a P/E ratio of 48.98, a P/E/G ratio of 2.71 and a beta of 1.63. The firm has a fifty day simple moving average of $88.90 and a 200 day simple moving average of $87.82.

TransUnion (NYSE:TRU - Get Free Report) last released its earnings results on Thursday, July 24th. The business services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.99 by $0.09. TransUnion had a net margin of 8.99% and a return on equity of 16.08%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm earned $0.99 EPS. The business's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, research analysts forecast that TransUnion will post 3.99 EPS for the current year.

TransUnion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Thursday, May 22nd were given a $0.115 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.47%. TransUnion's dividend payout ratio (DPR) is currently 23.00%.

Insider Activity

In other news, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $87.14, for a total value of $87,140.00. Following the transaction, the insider owned 74,393 shares in the company, valued at approximately $6,482,606.02. The trade was a 1.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 3,000 shares of company stock valued at $255,010. 0.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TRU. Wellington Management Group LLP lifted its position in shares of TransUnion by 61.2% in the 1st quarter. Wellington Management Group LLP now owns 10,877,953 shares of the business services provider's stock worth $902,761,000 after purchasing an additional 4,128,104 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of TransUnion by 10.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 21,674,473 shares of the business services provider's stock valued at $1,798,765,000 after acquiring an additional 2,134,342 shares in the last quarter. Norges Bank bought a new stake in shares of TransUnion in the 4th quarter valued at $180,011,000. Point72 Asset Management L.P. bought a new stake in shares of TransUnion in the 4th quarter valued at $74,283,000. Finally, Nuveen LLC bought a new stake in shares of TransUnion in the 1st quarter valued at $55,607,000.

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.