TransUnion (NYSE:TRU) PT Raised to $89.00 at Needham & Company LLC

TransUnion (NYSE:TRU) had its price target hoisted by research analysts at Needham & Company LLC from $87.00 to $89.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price objective suggests a potential upside of 19.51% from the stock’s previous close.

A number of other research analysts have also weighed in on TRU. Barclays raised their price target on shares of TransUnion from $55.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 14th. StockNews.com raised shares of TransUnion from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. The Goldman Sachs Group raised their price target on shares of TransUnion from $63.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. Jefferies Financial Group raised their price target on shares of TransUnion from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Truist Financial raised their price target on shares of TransUnion from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, TransUnion presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.60.

TransUnion Price Performance

NYSE:TRU opened at $74.47 on Thursday. TransUnion has a 52 week low of $42.09 and a 52 week high of $82.75. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $14.46 billion, a PE ratio of -49.98, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61. The stock’s 50-day moving average price is $76.33 and its 200-day moving average price is $67.88.

TransUnion (NYSE:TRU) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. TransUnion had a positive return on equity of 13.58% and a negative net margin of 7.50%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $977.62 million. As a group, equities analysts expect that TransUnion will post 3.31 EPS for the current fiscal year.

Insider Transactions at TransUnion

In other news, EVP Richard Dane Mauldin sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $78.10, for a total transaction of $117,150.00. Following the completion of the sale, the executive vice president now owns 22,033 shares in the company, valued at approximately $1,720,777.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Richard Dane Mauldin sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $78.10, for a total transaction of $117,150.00. Following the completion of the sale, the executive vice president now owns 22,033 shares in the company, valued at approximately $1,720,777.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy J. Martin sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $78.59, for a total transaction of $943,080.00. Following the sale, the executive vice president now owns 54,522 shares of the company’s stock, valued at approximately $4,284,883.98. The disclosure for this sale can be found here. Insiders sold 15,275 shares of company stock worth $1,204,538 in the last 90 days. Insiders own 0.22% of the company’s stock.

Institutional Trading of TransUnion

Institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new stake in TransUnion in the 3rd quarter valued at approximately $27,000. GAMMA Investing LLC acquired a new stake in TransUnion in the 4th quarter valued at approximately $30,000. Westpac Banking Corp increased its holdings in TransUnion by 100.0% in the 4th quarter. Westpac Banking Corp now owns 908 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 454 shares during the last quarter. CENTRAL TRUST Co increased its holdings in TransUnion by 569.3% in the 3rd quarter. CENTRAL TRUST Co now owns 937 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 797 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in TransUnion by 48.6% in the 4th quarter. Assetmark Inc. now owns 1,030 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 337 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.