Stifel Nicolaus Increases TransUnion (NYSE:TRU) Price Target to $120.00

TransUnion (NYSE:TRU) had its price objective raised by research analysts at Stifel Nicolaus from $103.00 to $120.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 11.34% from the company’s previous close.

TRU has been the topic of several other research reports. Oppenheimer lifted their price objective on shares of TransUnion from $118.00 to $122.00 and gave the stock an “outperform” rating in a research note on Thursday. Wells Fargo & Company raised their price objective on TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday. Robert W. Baird boosted their target price on TransUnion from $104.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday. UBS Group initiated coverage on TransUnion in a research report on Tuesday, October 1st. They set a “neutral” rating and a $110.00 price target on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of TransUnion in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $102.71.

TransUnion Stock Performance

NYSE:TRU traded down $0.89 during mid-day trading on Thursday, hitting $107.78. 473,487 shares of the company’s stock traded hands, compared to its average volume of 1,580,819. TransUnion has a 12 month low of $42.09 and a 12 month high of $113.17. The firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of -75.58, a price-to-earnings-growth ratio of 1.38 and a beta of 1.62. The firm has a 50 day moving average of $101.10 and a two-hundred day moving average of $85.37. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.22.

TransUnion (NYSE:TRU) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.13. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.03%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business posted $0.76 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts forecast that TransUnion will post 3.46 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Heather J. Russell sold 3,173 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total transaction of $303,275.34. Following the transaction, the executive vice president now directly owns 19,926 shares in the company, valued at approximately $1,904,527.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TransUnion news, EVP Heather J. Russell sold 3,173 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $303,275.34. Following the sale, the executive vice president now owns 19,926 shares in the company, valued at $1,904,527.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $90.14, for a total value of $90,140.00. Following the transaction, the insider now owns 69,547 shares of the company’s stock, valued at $6,268,966.58. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,715 shares of company stock valued at $1,299,729. 0.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TRU. Larson Financial Group LLC grew its position in shares of TransUnion by 237.5% in the first quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 342 shares during the last quarter. Quarry LP increased its position in TransUnion by 963.0% during the 2nd quarter. Quarry LP now owns 574 shares of the business services provider’s stock worth $43,000 after buying an additional 520 shares during the period. National Bank of Canada FI lifted its holdings in shares of TransUnion by 22.3% during the second 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 in the last quarter. Blue Trust Inc. boosted its position in shares of TransUnion by 156.6% in the second quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 523 shares during the period. Finally, Ridgewood Investments LLC acquired a new position in shares of TransUnion in the second quarter valued at about $75,000.

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.