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

TransUnion (NYSE:TRU) had its target price upped by analysts at Oppenheimer from $90.00 to $97.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target suggests a potential upside of 11.74% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Royal Bank of Canada raised their target price on shares of TransUnion from $85.00 to $106.00 and gave the stock an “outperform” rating in a research note on Friday. Wolfe Research initiated coverage on shares of TransUnion in a research note on Tuesday, July 9th. They set a “peer perform” rating on the stock. Bank of America upgraded shares of TransUnion from a “neutral” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Thursday, June 20th. Robert W. Baird raised their target price on shares of TransUnion from $94.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Morgan Stanley raised their target price on shares of TransUnion from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TransUnion presently has a consensus rating of “Moderate Buy” and an average price target of $86.80.

TransUnion Stock Performance

Shares of NYSE:TRU traded up $3.00 during mid-day trading on Friday, reaching $86.81. 1,049,400 shares of the company traded hands, compared to its average volume of 1,603,790. The company’s 50 day moving average price is $75.44 and its 200-day moving average price is $74.74. The firm has a market cap of $16.86 billion, a PE ratio of -60.60, a PEG ratio of 1.52 and a beta of 1.61. TransUnion has a 52 week low of $42.09 and a 52 week high of $86.95. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.65 and a quick ratio of 1.65.

TransUnion (NYSE:TRU) last released its earnings results on Thursday, April 25th. The business services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. TransUnion had a negative net margin of 7.02% and a positive return on equity of 14.26%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $977.62 million. On average, equities analysts expect that TransUnion will post 3.43 EPS for the current fiscal year.

Insider Buying and Selling

In other TransUnion news, EVP Heather J. Russell sold 7,000 shares of TransUnion stock in a transaction on Friday, June 14th. The shares were sold at an average price of $73.10, for a total transaction of $511,700.00. Following the completion of the transaction, the executive vice president now directly owns 32,744 shares of the company’s stock, valued at $2,393,586.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other TransUnion news, EVP Heather J. Russell sold 7,000 shares of TransUnion stock in a transaction on Friday, June 14th. The shares were sold at an average price of $73.10, for a total transaction of $511,700.00. Following the completion of the transaction, the executive vice president now directly owns 32,744 shares of the company’s stock, valued at $2,393,586.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Todd M. Cello sold 12,865 shares of TransUnion stock in a transaction on Friday, July 12th. The stock was sold at an average price of $80.00, for a total transaction of $1,029,200.00. Following the transaction, the chief financial officer now directly owns 101,426 shares of the company’s stock, valued at $8,114,080. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,761 shares of company stock worth $2,266,576. Insiders own 0.22% of the company’s stock.

Institutional Trading of TransUnion

Several institutional investors and hedge funds have recently made changes to their positions in TRU. Capital International Investors bought a new position in TransUnion in the fourth quarter worth about $663,001,000. Massachusetts Financial Services Co. MA raised its holdings in TransUnion by 570.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,029,897 shares of the business services provider’s stock worth $483,024,000 after purchasing an additional 5,981,271 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in TransUnion by 51.8% in 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 in the last quarter. CCLA Investment Management increased its holdings in shares of TransUnion by 104,813.6% during the first quarter. CCLA Investment Management now owns 1,947,196 shares of the business services provider’s stock valued at $153,454,000 after acquiring an additional 1,945,340 shares in the last quarter. Finally, Meritage Group LP increased its holdings in shares of TransUnion by 56.5% during the fourth quarter. Meritage Group LP now owns 5,030,424 shares of the business services provider’s stock valued at $345,640,000 after acquiring an additional 1,815,540 shares in the last quarter.

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.