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

TransUnion (NYSE:TRU - Free Report) had its target price decreased by Wells Fargo & Company from $135.00 to $126.00 in a report published on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the business services provider's stock.

Several other equities analysts have also commented on TRU. Needham & Company LLC reissued a "hold" rating on shares of TransUnion in a research report on Thursday, October 24th. UBS Group initiated coverage on shares of TransUnion in a research note on Tuesday, October 1st. They issued a "neutral" rating and a $110.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of TransUnion from $97.00 to $109.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. Royal Bank of Canada reissued an "outperform" rating and issued a $121.00 price objective on shares of TransUnion in a research report on Thursday, October 24th. Finally, Stifel Nicolaus increased their price target on TransUnion from $103.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Seven research 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 has a consensus rating of "Moderate Buy" and an average price target of $106.31.

TransUnion Trading Down 4.0 %

TransUnion stock traded down $3.60 during trading on Friday, reaching $86.55. The company had a trading volume of 1,741,203 shares, compared to its average volume of 1,422,717. TransUnion has a 12-month low of $66.07 and a 12-month high of $113.17. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68. The stock's 50 day moving average price is $97.82 and its two-hundred day moving average price is $94.68. The firm 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 (NYSE:TRU - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.06 billion. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The company's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS. As a group, equities analysts expect that TransUnion will post 3.44 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, November 22nd. TransUnion's dividend payout ratio (DPR) is 36.52%.

Insiders Place Their Bets

In other TransUnion news, Director George M. Awad sold 12,000 shares of the 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 completion of the transaction, the director now directly owns 27,026 shares of the company's stock, valued at approximately $2,702,600. This trade represents a 30.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steven M. Chaouki sold 1,500 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $105.66, for a total value of $158,490.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,090 shares of company stock worth $1,916,758. Insiders own 0.28% of the company's stock.

Hedge Funds Weigh In On TransUnion

Several hedge funds have recently made changes to their positions in the business. West Oak Capital LLC boosted its position in shares of TransUnion by 684.0% in the 4th quarter. West Oak Capital LLC now owns 1,960 shares of the business services provider's stock valued at $182,000 after purchasing an additional 1,710 shares during the period. Harbor Capital Advisors Inc. raised its position in TransUnion by 2.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 17,281 shares of the business services provider's stock valued at $1,602,000 after buying an additional 335 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of TransUnion by 1.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,597 shares of the business services provider's stock valued at $1,261,000 after buying an additional 131 shares during the period. Nordea Investment Management AB grew its stake in TransUnion by 6.9% in the fourth quarter. Nordea Investment Management AB now owns 15,146 shares of the business services provider's stock valued at $1,412,000 after purchasing an additional 982 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of TransUnion during the 4th quarter worth about $251,000.

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.