TransUnion (NYSE:TRU) Stock Price Expected to Rise, Morgan Stanley Analyst Says

TransUnion (NYSE:TRU) had its price objective increased by research analysts at Morgan Stanley from $119.00 to $130.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 32.07% from the stock’s current price.

TRU has been the subject of several other reports. Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a research note on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $121.00 price target on shares of TransUnion in a research note on Thursday, October 24th. Stifel Nicolaus increased their price objective on TransUnion from $103.00 to $120.00 and gave the company a “buy” rating in a report 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 report on Thursday, October 10th. Finally, The Goldman Sachs Group increased their price objective on TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, TransUnion has a consensus rating of “Moderate Buy” and an average price target of $107.06.

TransUnion Price Performance

Shares of TRU opened at $98.43 on Thursday. The stock has a market capitalization of $19.18 billion, a P/E ratio of 85.59, a P/E/G ratio of 1.40 and a beta of 1.60. TransUnion has a twelve month low of $63.03 and a twelve month high of $113.17. The company has a 50 day moving average of $102.39 and a 200-day moving average of $91.92. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.19.

TransUnion (NYSE:TRU) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the business earned $0.80 EPS. As a group, equities research analysts forecast that TransUnion will post 3.44 EPS for the current fiscal year.

Insider Buying and Selling at TransUnion

In related news, EVP Timothy J. Martin sold 2,500 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total value 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 5.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George M. Awad sold 12,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.00, for a total value of $1,200,000.00. Following the completion of the transaction, the director now owns 27,026 shares in the company, valued at $2,702,600. The trade was a 30.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,590 shares of company stock valued at $2,084,633 in the last quarter. 0.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its stake in shares of TransUnion by 17.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 19,180,562 shares of the business services provider’s stock valued at $2,008,205,000 after purchasing an additional 2,840,800 shares in the last quarter. FMR LLC increased its stake in shares of TransUnion by 307.7% in the third quarter. FMR LLC now owns 4,540,896 shares of the business services provider’s stock valued at $475,432,000 after buying an additional 3,427,199 shares during the period. Wellington Management Group LLP increased its stake in shares of TransUnion by 16.8% in the third quarter. Wellington Management Group LLP now owns 4,426,510 shares of the business services provider’s stock valued at $463,456,000 after buying an additional 635,581 shares during the period. Victory Capital Management Inc. increased its stake in shares of TransUnion by 24.1% in the second quarter. Victory Capital Management Inc. now owns 3,468,854 shares of the business services provider’s stock valued at $257,250,000 after buying an additional 674,187 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of TransUnion by 2.4% in the third quarter. Janus Henderson Group PLC now owns 3,154,262 shares of the business services provider’s stock valued at $330,251,000 after buying an additional 75,410 shares during the period.

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.