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

TransUnion (NYSE:TRU) had its price target lifted by The Goldman Sachs Group from $97.00 to $109.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. The Goldman Sachs Group’s target price points to a potential upside of 3.54% from the company’s previous close.

TRU has been the subject of a number of other reports. Robert W. Baird lifted their price target on TransUnion from $94.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Royal Bank of Canada boosted their target price on TransUnion from $85.00 to $106.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Bank of America upgraded shares of TransUnion from a “neutral” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Thursday, June 20th. Oppenheimer boosted their price objective on shares of TransUnion from $90.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, UBS Group initiated coverage on shares of TransUnion in a research report on Tuesday. They issued a “neutral” rating and a $110.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, TransUnion presently has an average rating of “Moderate Buy” and an average target price of $95.44.

TransUnion Stock Up 1.8 %

TRU traded up $1.84 on Wednesday, hitting $105.27. 176,147 shares of the company were exchanged, compared to its average volume of 1,598,419. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.22. The company has a market cap of $20.45 billion, a price-to-earnings ratio of -73.62, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. The firm has a 50-day moving average price of $94.05 and a two-hundred day moving average price of $82.10. TransUnion has a twelve month low of $42.09 and a twelve month high of $106.67.

TransUnion (NYSE:TRU) last issued its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that TransUnion will post 3.44 earnings per share for the current year.

Insider Activity at TransUnion

In other news, EVP Heather J. Russell sold 3,173 shares of the stock in a transaction dated Thursday, August 29th. The stock was 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 $1,904,527.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other TransUnion 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 value of $303,275.34. Following the transaction, the executive vice president now owns 19,926 shares in the company, valued at approximately $1,904,527.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Todd M. Cello sold 12,865 shares of TransUnion stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $80.00, for a total value of $1,029,200.00. Following the sale, the chief financial officer now directly owns 101,426 shares in the company, valued at $8,114,080. The disclosure for this sale can be found here. In the last three months, insiders sold 24,080 shares of company stock worth $2,067,454. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of TransUnion

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Elo Mutual Pension Insurance Co grew its holdings in shares of 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 buying an additional 123 shares in the last quarter. Cornerstone Investment Partners LLC grew its position in TransUnion by 1.4% in 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 raised its holdings in TransUnion by 32.9% in the 1st quarter. GAMMA Investing LLC now owns 573 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 142 shares in the last quarter. V Square Quantitative Management LLC increased 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 period. Finally, National Bank of Canada FI grew its stake 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 purchasing an additional 166 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.