TransUnion (NYSE:TRU) had its price target lifted by J P Morgan Chase & Co from $54.00 to $60.00 in a report issued on Monday. The firm currently has an overweight rating on the business services provider’s stock.
Several other equities analysts have also recently issued reports on TRU. Morgan Stanley reiterated an overweight rating and set a $47.00 target price (up previously from $45.00) on shares of TransUnion in a research report on Tuesday, July 18th. Zacks Investment Research upgraded TransUnion from a hold rating to a buy rating and set a $51.00 target price on the stock in a research report on Thursday, July 27th. Cowen and Company reiterated a buy rating and set a $48.00 target price on shares of TransUnion in a research report on Friday, July 28th. BidaskClub upgraded TransUnion from a buy rating to a strong-buy rating in a research report on Monday, August 14th. Finally, SunTrust Banks, Inc. started coverage on TransUnion in a research report on Tuesday, September 5th. They set a buy rating and a $54.00 target price on the stock. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $55.00.
TransUnion (NYSE:TRU) last released its earnings results on Friday, October 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06. TransUnion had a return on equity of 19.52% and a net margin of 14.44%. The company had revenue of $498.00 million for the quarter, compared to analysts’ expectations of $475.52 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis.
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In other news, EVP John W. Blenke sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $46.24, for a total transaction of $462,400.00. Following the sale, the executive vice president now owns 79,717 shares of the company’s stock, valued at approximately $3,686,114.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James M. Peck sold 39,229 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $47.83, for a total value of $1,876,323.07. Following the sale, the insider now directly owns 202,343 shares in the company, valued at approximately $9,678,065.69. The disclosure for this sale can be found here. Insiders have sold a total of 89,616 shares of company stock worth $4,252,959 in the last three months. Corporate insiders own 2.10% of the company’s stock.
Large investors have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado boosted its stake in shares of TransUnion by 138.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock worth $174,000 after acquiring an additional 2,329 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of TransUnion by 17.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,780 shares of the business services provider’s stock worth $207,000 after acquiring an additional 694 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of TransUnion during the 2nd quarter worth approximately $212,000. Alpine Global Management LLC purchased a new stake in shares of TransUnion during the 2nd quarter worth approximately $217,000. Finally, Harbor Advisors LLC purchased a new stake in shares of TransUnion during the 3rd quarter worth approximately $236,000.
TransUnion Company Profile
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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