TransUnion (NYSE:TRU) Price Target Raised to $109.00 at The Goldman Sachs Group

TransUnion (NYSE:TRU) had its price target boosted by The Goldman Sachs Group from $97.00 to $109.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

Other analysts also recently issued reports about the company. Royal Bank of Canada raised their target price on TransUnion from $85.00 to $106.00 and gave the company an outperform rating in a research note on Friday, July 26th. Barclays raised their target price on TransUnion from $80.00 to $105.00 and gave the company an equal weight rating in a research note on Friday, September 13th. Morgan Stanley increased their price objective on TransUnion from $96.00 to $103.00 and gave the stock an overweight rating in a report on Thursday, September 12th. Oppenheimer upped their price target on shares of TransUnion from $90.00 to $97.00 and gave the stock an outperform rating in a research note on Friday, July 26th. Finally, Needham & Company LLC cut TransUnion from a buy rating to a hold rating in a research note on Wednesday, August 28th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $95.44.

TransUnion Stock Performance

TRU opened at $104.70 on Wednesday. The stock has a market cap of $20.33 billion, a P/E ratio of -73.22, a P/E/G ratio of 1.41 and a beta of 1.62. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.66. TransUnion has a 1-year low of $42.09 and a 1-year high of $107.46. The stock’s 50 day simple moving average is $95.91 and its 200 day simple moving average is $82.80.

TransUnion (NYSE:TRU) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.13. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. As a group, equities analysts anticipate that TransUnion will post 3.44 EPS for the current fiscal year.

TransUnion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 23rd were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Friday, August 23rd. TransUnion’s payout ratio is presently -29.37%.

Insiders Place Their Bets

In other news, 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 transaction, the executive vice president now owns 46,739 shares in the company, valued at approximately $4,888,432.01. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TransUnion news, CFO Todd M. Cello sold 12,865 shares of the stock in a transaction that occurred 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 owns 101,426 shares in the company, valued at $8,114,080. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Timothy J. Martin sold 2,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was 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 of the company’s stock, valued at $4,888,432.01. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,580 shares of company stock valued at $2,328,929 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Elo Mutual Pension Insurance Co boosted its holdings in TransUnion by 0.7% during the second quarter. Elo Mutual Pension Insurance Co now owns 17,822 shares of the business services provider’s stock valued at $1,322,000 after acquiring an additional 123 shares during the period. Cornerstone Investment Partners LLC lifted its position in shares of TransUnion by 1.4% during the 1st quarter. Cornerstone Investment Partners LLC now owns 9,586 shares of the business services provider’s stock worth $765,000 after purchasing an additional 135 shares during the last quarter. GAMMA Investing LLC boosted its stake in TransUnion by 32.9% during the 1st quarter. GAMMA Investing LLC now owns 573 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 142 shares during the period. V Square Quantitative Management LLC grew its holdings in TransUnion by 6.4% in the 2nd quarter. V Square Quantitative Management LLC now owns 2,762 shares of the business services provider’s stock valued at $205,000 after buying an additional 165 shares during the last quarter. Finally, National Bank of Canada FI increased its position in TransUnion by 22.3% in the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock worth $66,000 after buying an additional 166 shares during the period.

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.