Wells Fargo & Company Has Lowered Expectations for TransUnion (NYSE:TRU) Stock Price

TransUnion (NYSE:TRU) had its price objective lowered by stock analysts at Wells Fargo & Company from $135.00 to $126.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 45.58% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Barclays raised their price target on TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Wolfe Research raised TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research report on Thursday, October 10th. Robert W. Baird lifted their target price on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Stifel Nicolaus lifted their target price on TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley lifted their target price on TransUnion from $119.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, TransUnion presently has an average rating of “Moderate Buy” and an average target price of $106.31.

TransUnion Trading Down 4.0 %

TransUnion stock opened at $86.55 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $16.87 billion, a price-to-earnings ratio of 75.26, a PEG ratio of 1.37 and a beta of 1.62. TransUnion has a one year low of $66.07 and a one year high of $113.17. The company’s fifty day moving average price is $97.55 and its two-hundred day moving average price is $94.89.

TransUnion (NYSE:TRU) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate 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 in the prior year, the business posted $0.80 earnings per share. On average, analysts forecast that TransUnion will post 3.44 earnings per share for the current fiscal year.

Insider Activity at TransUnion

In other news, insider Todd C. Skinner sold 3,090 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $101.48, for a total transaction of $313,573.20. Following the transaction, the insider now directly owns 24,333 shares of the company’s stock, valued at approximately $2,469,312.84. This trade represents a 11.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven M. Chaouki sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $105.66, for a total transaction of $158,490.00. Following the transaction, the insider now directly owns 62,988 shares in the company, valued at $6,655,312.08. This represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,090 shares of company stock worth $1,916,758. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TRU. Townsquare Capital LLC lifted its holdings in shares of TransUnion by 1.0% during the third quarter. Townsquare Capital LLC now owns 10,211 shares of the business services provider’s stock worth $1,069,000 after purchasing an additional 100 shares during the period. Signaturefd LLC increased its stake in TransUnion by 15.0% in the third quarter. Signaturefd LLC now owns 788 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 103 shares in the last quarter. Elo Mutual Pension Insurance Co increased its stake in TransUnion by 0.7% in 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 purchasing an additional 123 shares in the last quarter. Huntington National Bank increased its stake in TransUnion by 84.5% in the third quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in TransUnion by 1.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,597 shares of the business services provider’s stock valued at $1,261,000 after purchasing an additional 131 shares in the last quarter.

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.