TransUnion (NYSE:TRU) Price Target Raised to $100.00 at Oppenheimer

TransUnion (NYSE:TRU - Get Free Report) had its target price boosted by research analysts at Oppenheimer from $96.00 to $100.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the business services provider's stock. Oppenheimer's price objective would indicate a potential upside of 19.80% from the company's current price.

Several other equities analysts also recently commented on the stock. Stifel Nicolaus lowered their target price on shares of TransUnion from $120.00 to $112.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Wells Fargo & Company reduced their price target on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. UBS Group boosted their price target on shares of TransUnion from $102.00 to $104.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Barclays cut their price objective on TransUnion from $105.00 to $85.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of TransUnion in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $109.69.

TransUnion Price Performance

NYSE:TRU traded up $0.31 on Thursday, reaching $83.47. 1,164,472 shares of the company's stock traded hands, compared to its average volume of 1,967,754. The stock has a 50-day simple moving average of $81.74 and a 200-day simple moving average of $90.18. TransUnion has a 12 month low of $66.38 and a 12 month high of $113.17. The firm has a market cap of $16.29 billion, a PE ratio of 57.07, a P/E/G ratio of 1.18 and a beta of 1.67. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.18.

TransUnion (NYSE:TRU - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.07. TransUnion had a return on equity of 15.85% and a net margin of 6.80%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter last year, the business posted $0.92 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that TransUnion will post 3.99 earnings per share for the current year.

TransUnion announced that its board has initiated a stock repurchase plan on Thursday, February 13th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the business services provider to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

Insider Activity

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $82.96, for a total transaction of $82,960.00. Following the completion of the transaction, the insider now directly owns 76,393 shares of the company's stock, valued at $6,337,563.28. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Venkat Achanta sold 1,821 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total transaction of $174,342.54. Following the transaction, the executive vice president now owns 105,443 shares in the company, valued at $10,095,112.82. This trade represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,021 shares of company stock valued at $359,761 in the last ninety days. Insiders own 0.22% of the company's stock.

Institutional Investors Weigh In On TransUnion

Several institutional investors have recently made changes to their positions in TRU. Assenagon Asset Management S.A. raised its position in TransUnion by 22.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 26,308 shares of the business services provider's stock worth $2,439,000 after purchasing an additional 4,743 shares during the period. Park Avenue Securities LLC grew its stake in shares of TransUnion by 36.7% during the fourth quarter. Park Avenue Securities LLC now owns 6,405 shares of the business services provider's stock valued at $594,000 after buying an additional 1,721 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of TransUnion in the fourth quarter worth approximately $292,000. SG Americas Securities LLC lifted its stake in shares of TransUnion by 293.0% during the 4th quarter. SG Americas Securities LLC now owns 17,602 shares of the business services provider's stock worth $1,632,000 after acquiring an additional 13,123 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in TransUnion by 9.3% during the 4th quarter. Avior Wealth Management LLC now owns 5,359 shares of the business services provider's stock valued at $497,000 after acquiring an additional 458 shares during the period.

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.