Barclays Raises TransUnion (NYSE:TRU) Price Target to $105.00

TransUnion (NYSE:TRU) had its price objective raised by Barclays from $80.00 to $105.00 in a research report released on Friday morning, Benzinga reports. The firm currently has an equal weight rating on the business services provider’s stock.

TRU has been the topic of a number of other research reports. Wells Fargo & Company raised shares of TransUnion to a strong-buy rating in a report on Tuesday, August 13th. Needham & Company LLC cut shares of TransUnion from a buy rating to a hold rating in a report on Wednesday, August 28th. Morgan Stanley lifted their price objective on TransUnion from $96.00 to $103.00 and gave the company an overweight rating in a research report on Thursday, September 12th. Oppenheimer upped their target price on shares of TransUnion from $90.00 to $97.00 and gave the stock an outperform rating in a report on Friday, July 26th. Finally, Robert W. Baird boosted their price objective on TransUnion from $94.00 to $104.00 and gave the company an outperform rating in a research report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, TransUnion has an average rating of Moderate Buy and an average target price of $92.00.

TransUnion Price Performance

TRU opened at $101.17 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $19.65 billion, a PE ratio of -70.75, a P/E/G ratio of 1.42 and a beta of 1.62. TransUnion has a 1 year low of $42.09 and a 1 year high of $101.43. The stock has a 50-day moving average price of $88.54 and a 200-day moving average price of $80.17.

TransUnion (NYSE:TRU) last issued its earnings results on Thursday, July 25th. The business services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.86 by $0.13. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. During the same period last year, the business posted $0.76 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. Sell-side analysts predict that TransUnion will post 3.44 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 23rd were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Friday, August 23rd. TransUnion’s dividend payout ratio (DPR) is presently -29.37%.

Insider Activity

In other news, EVP Heather J. Russell sold 7,120 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $73.53, for a total transaction of $523,533.60. Following the transaction, the executive vice president now owns 25,624 shares of the company’s stock, valued at approximately $1,884,132.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Heather J. Russell sold 3,173 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $303,275.34. Following the completion of the sale, the executive vice president now owns 19,926 shares in the company, valued at approximately $1,904,527.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Heather J. Russell sold 7,120 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $73.53, for a total transaction of $523,533.60. Following the transaction, the executive vice president now owns 25,624 shares in the company, valued at $1,884,132.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,200 shares of company stock worth $2,665,257. 0.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Larson Financial Group LLC increased its stake in TransUnion by 237.5% in the 1st quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock worth $39,000 after buying an additional 342 shares during the period. Quarry LP increased its holdings in TransUnion by 963.0% during the second quarter. Quarry LP now owns 574 shares of the business services provider’s stock valued at $43,000 after buying an additional 520 shares during the period. GAMMA Investing LLC lifted its holdings in TransUnion by 32.9% during the first quarter. GAMMA Investing LLC now owns 573 shares of the business services provider’s stock worth $46,000 after buying an additional 142 shares during the period. Westpac Banking Corp boosted its position in TransUnion by 100.0% during the 4th quarter. Westpac Banking Corp now owns 908 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 454 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of TransUnion by 22.3% in the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock valued at $66,000 after acquiring 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.