Oppenheimer Boosts TransUnion (NYSE:TRU) Price Target to $97.00

TransUnion (NYSE:TRU) had its price objective lifted by Oppenheimer from $90.00 to $97.00 in a report published on Friday, Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley upped their price objective on shares of TransUnion from $87.00 to $90.00 and gave the stock an overweight rating in a research report on Friday, April 26th. Barclays increased their price target on TransUnion from $75.00 to $80.00 and gave the company an equal weight rating in a research report on Friday. Wolfe Research assumed coverage on TransUnion in a research report on Tuesday, July 9th. They issued a peer perform rating on the stock. Royal Bank of Canada lifted their target price on TransUnion from $85.00 to $106.00 and gave the stock an outperform rating in a research note on Friday. Finally, Robert W. Baird increased their price target on shares of TransUnion from $94.00 to $104.00 and gave the company an outperform rating in a research report on Friday. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, TransUnion has an average rating of Moderate Buy and an average target price of $86.80.

TransUnion Stock Performance

Shares of TransUnion stock opened at $87.47 on Friday. TransUnion has a 52 week low of $42.09 and a 52 week high of $87.97. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.22. The business has a 50 day moving average price of $75.79 and a 200-day moving average price of $75.13. The company has a market cap of $16.99 billion, a PE ratio of -61.16, a price-to-earnings-growth ratio of 1.69 and a beta of 1.61.

TransUnion (NYSE:TRU) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.13. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. TransUnion’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. Equities analysts anticipate that TransUnion will post 3.43 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid a $0.105 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.42 annualized dividend and a yield of 0.48%. TransUnion’s dividend payout ratio is currently -29.37%.

Insider Activity

In other news, EVP Heather J. Russell sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $73.10, for a total value of $511,700.00. Following the completion of the transaction, the executive vice president now directly owns 32,744 shares in the company, valued at $2,393,586.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $74.27, for a total value of $74,270.00. Following the sale, the insider now owns 70,547 shares of the company’s stock, valued at approximately $5,239,525.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Heather J. Russell sold 7,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $73.10, for a total value of $511,700.00. Following the transaction, the executive vice president now directly owns 32,744 shares of the company’s stock, valued at approximately $2,393,586.40. The disclosure for this sale can be found here. Insiders have sold a total of 29,761 shares of company stock worth $2,266,576 over the last ninety days. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On TransUnion

Several hedge funds have recently bought and sold shares of the stock. Capital International Investors purchased a new stake in shares of TransUnion during the 4th quarter valued at $663,001,000. Massachusetts Financial Services Co. MA raised its position in TransUnion by 570.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,029,897 shares of the business services provider’s stock valued at $483,024,000 after purchasing an additional 5,981,271 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in TransUnion by 51.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,755,729 shares of the business services provider’s stock worth $539,108,000 after purchasing an additional 2,306,596 shares during the last quarter. CCLA Investment Management boosted its holdings in shares of TransUnion by 104,813.6% in the 1st quarter. CCLA Investment Management now owns 1,947,196 shares of the business services provider’s stock worth $153,454,000 after purchasing an additional 1,945,340 shares in the last quarter. Finally, Meritage Group LP increased its position in shares of TransUnion by 56.5% during the 4th quarter. Meritage Group LP now owns 5,030,424 shares of the business services provider’s stock valued at $345,640,000 after purchasing an additional 1,815,540 shares during 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.