TransUnion (NYSE:TRU) had its target price raised by Stifel Nicolaus from $102.00 to $104.00 in a report issued on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the business services provider’s stock.
Other research analysts also recently issued research reports about the company. Royal Bank of Canada reduced their target price on TransUnion from $110.00 to $90.00 and set an outperform rating on the stock in a report on Thursday, April 9th. Barclays increased their target price on TransUnion from $75.00 to $105.00 in a report on Wednesday, June 10th. Deutsche Bank raised their price target on TransUnion from $85.00 to $90.00 and gave the stock a buy rating in a report on Monday, June 1st. Zacks Investment Research raised TransUnion from a hold rating to a strong-buy rating and set a $89.00 price target on the stock in a report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. cut their price target on TransUnion from $110.00 to $92.00 and set an overweight rating on the stock in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $96.40.
Shares of TRU opened at $89.57 on Wednesday. The company has a market capitalization of $16.93 billion, a P/E ratio of 54.62, a P/E/G ratio of 2.59 and a beta of 1.19. TransUnion has a one year low of $52.50 and a one year high of $101.16. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.66 and a current ratio of 1.83. The stock has a 50-day moving average price of $87.23 and a 200 day moving average price of $83.46.
In related news, EVP Richard Dane Mauldin sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $90.00, for a total value of $135,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher A. Cartwright sold 196,894 shares of TransUnion stock in a transaction on Monday, May 18th. The shares were sold at an average price of $79.28, for a total value of $15,609,756.32. Following the transaction, the chief executive officer now owns 360,162 shares in the company, valued at $28,553,643.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 222,894 shares of company stock worth $17,988,156. 0.38% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new position in shares of TransUnion during the 2nd quarter valued at $388,000. UBS Group AG increased its position in shares of TransUnion by 48.9% during the 2nd quarter. UBS Group AG now owns 129,267 shares of the business services provider’s stock valued at $11,251,000 after purchasing an additional 42,445 shares during the period. Park Avenue Securities LLC increased its position in shares of TransUnion by 10.5% during the 2nd quarter. Park Avenue Securities LLC now owns 4,307 shares of the business services provider’s stock valued at $375,000 after purchasing an additional 411 shares during the period. Chartwell Investment Partners LLC increased its position in shares of TransUnion by 6.9% during the 2nd quarter. Chartwell Investment Partners LLC now owns 4,114 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 267 shares during the period. Finally, M&T Bank Corp increased its position in shares of TransUnion by 17.0% during the 2nd quarter. M&T Bank Corp now owns 68,367 shares of the business services provider’s stock valued at $5,950,000 after purchasing an additional 9,924 shares during the period. Institutional investors own 97.54% of the company’s stock.
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.
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