TransUnion (NYSE:TRU) Price Target Lowered to $117.00 at Wells Fargo & Company

TransUnion (NYSE:TRU - Free Report) had its price objective decreased by Wells Fargo & Company from $130.00 to $117.00 in a research note released on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the business services provider's stock.

A number of other analysts also recently issued reports on TRU. Bank of America started coverage on TransUnion in a research report on Thursday, April 10th. They issued an "underperform" rating and a $84.00 target price for the company. Morgan Stanley dropped their price objective on TransUnion from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Barclays decreased their target price on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Oppenheimer reduced their price target on shares of TransUnion from $115.00 to $112.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Finally, William Blair reaffirmed an "outperform" rating on shares of TransUnion in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $111.23.

TransUnion Stock Down 1.2 %

NYSE TRU traded down $0.87 during trading hours on Monday, reaching $72.88. 1,111,010 shares of the company's stock were exchanged, compared to its average volume of 1,677,482. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.70 and a current ratio of 1.70. TransUnion has a one year low of $66.07 and a one year high of $113.17. The company has a market capitalization of $14.22 billion, a price-to-earnings ratio of 49.92, a price-to-earnings-growth ratio of 1.18 and a beta of 1.67. The company's 50-day moving average is $85.00 and its two-hundred day moving average is $94.25.

TransUnion (NYSE:TRU - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. TransUnion had a return on equity of 15.85% and a net margin of 6.80%. On average, analysts forecast that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion declared that its Board of Directors has approved a stock buyback program on Thursday, February 13th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the business services provider to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

TransUnion Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.63%. This is a boost from TransUnion's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, February 27th. TransUnion's payout ratio is presently 31.51%.

Insider Activity at TransUnion

In other news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $95.95, for a total value of $95,950.00. Following the transaction, the insider now owns 58,488 shares in the company, valued at approximately $5,611,923.60. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Venkat Achanta sold 1,821 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total transaction of $174,342.54. Following the completion of the sale, the executive vice president now directly owns 105,443 shares in the company, valued at approximately $10,095,112.82. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,021 shares of company stock valued at $372,751. Insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On TransUnion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRU. Wellington Management Group LLP boosted its holdings in TransUnion by 52.5% in the fourth quarter. Wellington Management Group LLP now owns 6,749,849 shares of the business services provider's stock valued at $625,779,000 after acquiring an additional 2,323,339 shares in the last quarter. Norges Bank purchased a new position in shares of TransUnion in the fourth quarter worth $180,011,000. Point72 Asset Management L.P. purchased a new position in shares of TransUnion in the 4th quarter worth $74,283,000. William Blair Investment Management LLC raised its position in TransUnion by 30.6% in the 4th quarter. William Blair Investment Management LLC now owns 3,370,742 shares of the business services provider's stock worth $312,501,000 after purchasing an additional 789,497 shares during the period. Finally, FMR LLC grew its stake in TransUnion by 11.1% in the fourth quarter. FMR LLC now owns 5,044,865 shares of the business services provider's stock worth $467,709,000 after purchasing an additional 503,969 shares in the last quarter.

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.