TransUnion (NYSE:TRU) had its price target hoisted by Barclays PLC from $50.00 to $55.00 in a research note issued to investors on Monday morning. Barclays PLC currently has an overweight rating on the business services provider’s stock.
TRU has been the topic of a number of other research reports. Deutsche Bank AG restated a buy rating on shares of TransUnion in a research report on Friday, September 8th. Morgan Stanley restated an overweight rating and issued a $50.00 price target (up previously from $47.00) on shares of TransUnion in a research report on Wednesday, July 26th. SunTrust Banks, Inc. initiated coverage on shares of TransUnion in a research report on Tuesday, September 5th. They issued a buy rating and a $54.00 price target on the stock. Zacks Investment Research upgraded shares of TransUnion from a hold rating to a buy rating and set a $52.00 price target on the stock in a research report on Wednesday, August 23rd. Finally, BidaskClub upgraded shares of TransUnion from a buy rating to a strong-buy rating in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $55.00.
TransUnion (NYSE:TRU) last issued its quarterly earnings results on Friday, October 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.06. The firm had revenue of $498.00 million for the quarter, compared to the consensus estimate of $475.52 million. TransUnion had a net margin of 13.17% and a return on equity of 21.37%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 EPS.
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In related news, insider James M. Peck sold 18,864 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $52.41, for a total transaction of $988,662.24. Following the transaction, the insider now owns 239,313 shares in the company, valued at approximately $12,542,394.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Samuel A. Hamood sold 21,341 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $42.95, for a total transaction of $916,595.95. Following the transaction, the executive vice president now owns 20,243 shares in the company, valued at approximately $869,436.85. The disclosure for this sale can be found here. Insiders have sold a total of 14,050,546 shares of company stock worth $640,871,367 in the last quarter. 2.10% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement Association of Colorado raised its holdings in TransUnion by 138.6% during the second quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock worth $174,000 after buying an additional 2,329 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in TransUnion by 17.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,780 shares of the business services provider’s stock worth $207,000 after buying an additional 694 shares during the last quarter. SG Americas Securities LLC acquired a new position in TransUnion during the second quarter worth $212,000. Alpine Global Management LLC acquired a new position in TransUnion during the second quarter worth $217,000. Finally, Schmidt P J Investment Management Inc. acquired a new position in TransUnion during the second quarter worth $230,000.
TransUnion is a risk and information solutions provider to businesses and consumers. The Company provides consumer reports, risk scores, analytical services and decision capabilities to businesses. The Company operates through three segments: U.S. Information Services (USIS), International and Consumer Interactive.
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