Oppenheimer Cuts TransUnion (NYSE:TRU) Price Target to $115.00

TransUnion (NYSE:TRU) had its target price cut by Oppenheimer from $122.00 to $115.00 in a report published on Wednesday,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Several other research firms have also recently weighed in on TRU. Barclays increased their price target on shares of TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Stifel Nicolaus raised their target price on TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a research note on Thursday, October 24th. Wolfe Research raised TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective for the company in a research report on Thursday, October 10th. Finally, Robert W. Baird boosted their price objective on shares of TransUnion from $104.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.38.

TransUnion Trading Up 0.5 %

TRU opened at $99.11 on Wednesday. The firm has a market capitalization of $19.32 billion, a price-to-earnings ratio of 86.00, a price-to-earnings-growth ratio of 1.32 and a beta of 1.62. The company’s 50 day simple moving average is $103.69 and its two-hundred day simple moving average is $89.48. TransUnion has a 1-year low of $56.85 and a 1-year high of $113.17. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68.

TransUnion (NYSE:TRU) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the business posted $0.80 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. Analysts expect that TransUnion will post 3.46 EPS for the current fiscal year.

TransUnion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, November 22nd. TransUnion’s payout ratio is currently 36.52%.

Insider Activity at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $105.66, for a total transaction of $158,490.00. Following the completion of the transaction, the insider now owns 62,988 shares in the company, valued at $6,655,312.08. The trade was a 2.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Timothy J. Martin sold 2,500 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $104.59, for a total transaction of $261,475.00. Following the completion of the sale, the executive vice president now owns 46,739 shares in the company, valued at $4,888,432.01. The trade was a 5.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,315 shares of company stock worth $1,119,897. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TRU. Virtu Financial LLC acquired a new stake in shares of TransUnion during the 3rd quarter worth about $444,000. Toronto Dominion Bank raised its holdings in TransUnion by 39.3% during the third quarter. Toronto Dominion Bank now owns 25,887 shares of the business services provider’s stock worth $2,710,000 after purchasing an additional 7,298 shares in the last quarter. TT International Asset Management LTD lifted its position in shares of TransUnion by 426.4% during the 3rd quarter. TT International Asset Management LTD now owns 26,853 shares of the business services provider’s stock worth $2,811,000 after buying an additional 21,752 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in shares of TransUnion in the 3rd quarter valued at $211,000. Finally, Geode Capital Management LLC raised its stake in TransUnion by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,026,934 shares of the business services provider’s stock worth $316,135,000 after acquiring an additional 47,663 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.