TransUnion (NYSE:TRU) Price Target Raised to $108.00

TransUnion (NYSE:TRU - Get Free Report) had its target price hoisted by research analysts at Oppenheimer from $100.00 to $108.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the business services provider's stock. Oppenheimer's price objective points to a potential upside of 14.28% from the stock's current price.

TRU has been the topic of several other research reports. Barclays dropped 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. Stifel Nicolaus decreased their price objective on shares of TransUnion from $120.00 to $112.00 and set a "buy" rating for the company in a report on Friday, April 25th. Wells Fargo & Company decreased their price objective on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Bank of America initiated coverage on shares of TransUnion in a report on Thursday, April 10th. They issued an "underperform" rating and a $84.00 price objective for the company. Finally, Wall Street Zen upgraded shares of TransUnion from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $110.64.

TransUnion Stock Performance

Shares of NYSE:TRU traded up $0.98 during trading hours on Tuesday, hitting $94.50. The stock had a trading volume of 72,971 shares, compared to its average volume of 1,800,854. The stock's fifty day simple moving average is $87.37 and its 200 day simple moving average is $87.74. TransUnion has a 1-year low of $66.38 and a 1-year high of $113.17. The firm has a market capitalization of $18.44 billion, a price-to-earnings ratio of 50.18, a PEG ratio of 2.56 and a beta of 1.63. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.05 and a current ratio of 2.05.

TransUnion (NYSE:TRU - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.98 by $0.07. TransUnion had a net margin of 8.63% and a return on equity of 16.18%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $0.92 earnings per share. TransUnion's revenue was up 7.3% compared to the same quarter last year. Sell-side analysts anticipate that TransUnion will post 3.99 earnings per share for the current fiscal year.

Insider Activity at TransUnion

In related news, insider Steven M. Chaouki sold 1,000 shares of the company'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 completion of the sale, the insider owned 74,393 shares in the company, valued at approximately $6,482,606.02. This represents a 1.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 3,000 shares of company stock valued at $255,010. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TransUnion

Several hedge funds have recently made changes to their positions in TRU. Geneos Wealth Management Inc. lifted its position in TransUnion by 1,318.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 312 shares of the business services provider's stock worth $26,000 after buying an additional 290 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in TransUnion by 132.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 349 shares of the business services provider's stock worth $31,000 after buying an additional 199 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in TransUnion by 301.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 413 shares of the business services provider's stock worth $36,000 after buying an additional 310 shares in the last quarter. Fifth Third Bancorp lifted its position in TransUnion by 105.3% in the 1st quarter. Fifth Third Bancorp now owns 423 shares of the business services provider's stock worth $35,000 after buying an additional 217 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in TransUnion in the 4th quarter worth approximately $40,000.

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.