Oppenheimer Issues Pessimistic Forecast for TransUnion (NYSE:TRU) Stock Price

TransUnion (NYSE:TRU) had its target price decreased by analysts at Oppenheimer from $115.00 to $112.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target indicates a potential upside of 24.35% from the stock’s previous close.

Several other equities analysts also recently commented on the company. The Goldman Sachs Group upped their price objective on TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus upped their price objective on TransUnion from $103.00 to $120.00 and gave the company a “buy” rating in a research 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 on the stock in a research report on Thursday, October 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a research report on Thursday, October 24th. Finally, Robert W. Baird upped their price objective on TransUnion from $104.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $106.88.

TransUnion Stock Down 0.1 %

Shares of TRU opened at $90.07 on Tuesday. The stock has a market capitalization of $17.55 billion, a price-to-earnings ratio of 78.32, a price-to-earnings-growth ratio of 1.37 and a beta of 1.62. TransUnion has a 1 year low of $65.65 and a 1 year high of $113.17. The business’s 50 day simple moving average is $98.30 and its 200-day simple moving average is $94.74. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68.

TransUnion (NYSE:TRU) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm posted $0.80 EPS. TransUnion’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts expect that TransUnion will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $93.60, for a total value of $93,600.00. Following the completion of the transaction, the insider now directly owns 59,488 shares in the company, valued at approximately $5,568,076.80. This trade represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Todd C. Skinner sold 3,090 shares of TransUnion stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $101.48, for a total value of $313,573.20. Following the completion of the transaction, the insider now owns 24,333 shares of the company’s stock, valued at $2,469,312.84. This trade represents a 11.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,090 shares of company stock valued at $1,916,758. 0.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TransUnion

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its holdings in 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 worth $2,008,205,000 after purchasing an additional 2,840,800 shares in the last quarter. FMR LLC raised its holdings in TransUnion by 307.7% during the third quarter. FMR LLC now owns 4,540,896 shares of the business services provider’s stock worth $475,432,000 after purchasing an additional 3,427,199 shares in the last quarter. Wellington Management Group LLP raised its holdings in TransUnion by 16.8% during the third quarter. Wellington Management Group LLP now owns 4,426,510 shares of the business services provider’s stock worth $463,456,000 after purchasing an additional 635,581 shares in the last quarter. Janus Henderson Group PLC raised its holdings in TransUnion by 2.4% during the third quarter. Janus Henderson Group PLC now owns 3,154,262 shares of the business services provider’s stock worth $330,251,000 after purchasing an additional 75,410 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in TransUnion by 1.6% during the third quarter. Geode Capital Management LLC now owns 3,026,934 shares of the business services provider’s stock worth $316,135,000 after purchasing an additional 47,663 shares in the last quarter.

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.