Oppenheimer Issues Positive Forecast for TransUnion (NYSE:TRU) Stock Price

TransUnion (NYSE:TRU - Get Free Report) had its price objective raised by equities research analysts at Oppenheimer from $96.00 to $100.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the business services provider's stock. Oppenheimer's price target would indicate a potential upside of 20.24% from the company's previous close.

Several other equities research analysts also recently weighed in on TRU. UBS Group increased their price objective on TransUnion from $102.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. William Blair reaffirmed an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. Morgan Stanley decreased their price target on TransUnion from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Bank of America started coverage on TransUnion in a report on Thursday, April 10th. They set an "underperform" rating and a $84.00 price target for the company. Finally, Wells Fargo & Company decreased their price target on TransUnion from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $109.69.

TransUnion Stock Down 1.6%

TransUnion stock traded down $1.31 during mid-day trading on Thursday, hitting $83.17. The company had a trading volume of 1,951,664 shares, compared to its average volume of 1,692,401. The stock has a market cap of $16.23 billion, a price-to-earnings ratio of 56.97, a PEG ratio of 1.18 and a beta of 1.67. TransUnion has a 1 year low of $66.38 and a 1 year high of $113.17. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. The business has a fifty day moving average of $81.77 and a 200 day moving average of $90.46.

TransUnion (NYSE:TRU - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. TransUnion had a return on equity of 15.85% and a net margin of 6.80%. The company's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 earnings per share. On average, sell-side analysts expect that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 13th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the business services provider to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In other news, insider Steven M. Chaouki sold 1,000 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $82.96, for a total value of $82,960.00. Following the completion of the transaction, the insider now owns 76,393 shares in the company, valued at $6,337,563.28. This trade represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Venkat Achanta sold 1,821 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total value of $174,342.54. Following the completion of the transaction, the executive vice president now owns 105,443 shares of the company's stock, valued at approximately $10,095,112.82. This represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,021 shares of company stock worth $359,761 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Institutional Trading of TransUnion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Townsquare Capital LLC lifted its stake in shares of TransUnion by 1.0% in the 4th quarter. Townsquare Capital LLC now owns 10,311 shares of the business services provider's stock valued at $956,000 after purchasing an additional 100 shares in the last quarter. Yousif Capital Management LLC lifted its stake in shares of TransUnion by 4.0% in the 4th quarter. Yousif Capital Management LLC now owns 3,608 shares of the business services provider's stock valued at $334,000 after purchasing an additional 139 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of TransUnion by 5.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,642 shares of the business services provider's stock valued at $245,000 after purchasing an additional 139 shares in the last quarter. Integrated Investment Consultants LLC lifted its stake in shares of TransUnion by 1.4% in the 1st quarter. Integrated Investment Consultants LLC now owns 11,380 shares of the business services provider's stock valued at $944,000 after purchasing an additional 162 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of TransUnion by 28.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 733 shares of the business services provider's stock valued at $68,000 after purchasing an additional 164 shares in 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.