Wells Fargo & Company Cuts TransUnion (NYSE:TRU) Price Target to $126.00

TransUnion (NYSE:TRU) had its price target dropped by analysts at Wells Fargo & Company from $135.00 to $126.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 41.08% from the company’s previous close.

A number of other research analysts also recently issued reports on TRU. Oppenheimer lowered their price target on TransUnion from $115.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday. UBS Group assumed coverage on TransUnion in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 price objective on the stock. Barclays boosted their price objective on TransUnion from $80.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Stifel Nicolaus raised their target price on shares of TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley upped their price target on shares of TransUnion from $119.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $106.31.

TransUnion Price Performance

Shares of NYSE:TRU opened at $89.31 on Friday. The stock has a market cap of $17.41 billion, a PE ratio of 77.66, a PEG ratio of 1.37 and a beta of 1.62. TransUnion has a 52 week low of $66.07 and a 52 week high of $113.17. The company’s fifty day moving average is $98.04 and its 200 day moving average is $94.71. 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 posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company earned $0.80 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. Research analysts anticipate that TransUnion will post 3.44 earnings per share for the current year.

Insider Buying and Selling at TransUnion

In other news, insider Todd C. Skinner sold 3,090 shares of TransUnion 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 completion of the transaction, the insider now directly owns 24,333 shares of the company’s stock, valued at $2,469,312.84. The trade was a 11.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George M. Awad sold 12,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.00, for a total transaction of $1,200,000.00. Following the sale, the director now directly owns 27,026 shares of the company’s stock, valued at $2,702,600. The trade was a 30.75 % decrease in their position. 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. 0.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TransUnion

A number of institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in TransUnion by 12.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,308,028 shares of the business services provider’s stock valued at $136,951,000 after acquiring an additional 140,952 shares during the period. FMR LLC increased its position in shares of 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 acquiring an additional 3,427,199 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of TransUnion in the second quarter valued at $493,000. Captrust Financial Advisors purchased a new position in TransUnion in the third quarter valued at $892,000. Finally, Artemis Investment Management LLP acquired a new position in TransUnion during the 3rd quarter worth $32,008,000.

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.