TransUnion (NYSE:TRU) Price Target Cut to $127.00 by Analysts at Morgan Stanley

TransUnion (NYSE:TRU) had its price objective lowered by Morgan Stanley from $130.00 to $127.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the business services provider’s stock.

Several other equities analysts have also issued reports on the company. Stifel Nicolaus upped their price target on TransUnion from $103.00 to $120.00 and gave the company a “buy” rating in a research note 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 on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $121.00 price target on shares of TransUnion in a research note on Thursday, October 24th. Robert W. Baird raised their price objective on shares of TransUnion from $104.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company dropped their target price on shares of TransUnion from $135.00 to $126.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, TransUnion has an average rating of “Moderate Buy” and a consensus price target of $108.00.

TransUnion Stock Up 0.5 %

NYSE:TRU opened at $98.34 on Tuesday. The company has a market cap of $19.17 billion, a price-to-earnings ratio of 85.51, a P/E/G ratio of 1.16 and a beta of 1.62. 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 fifty day moving average price is $95.92 and its two-hundred day moving average price is $96.65. TransUnion has a 52-week low of $66.07 and a 52-week high of $113.17.

TransUnion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 22nd were given a $0.105 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.42 annualized dividend and a dividend yield of 0.43%. TransUnion’s dividend payout ratio is presently 36.52%.

Insider Buying and Selling

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $93.60, for a total transaction of $93,600.00. Following the completion of the transaction, the insider now owns 59,488 shares in the company, valued at approximately $5,568,076.80. This represents a 1.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Todd C. Skinner sold 3,090 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $101.48, for a total value of $313,573.20. Following the completion of the sale, the insider now owns 24,333 shares in the company, valued at approximately $2,469,312.84. This trade represents a 11.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,090 shares of company stock valued at $1,916,758. 0.22% of the stock is owned by corporate insiders.

Institutional Trading of TransUnion

A number of institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. increased its stake in TransUnion by 12.1% in 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 buying an additional 140,952 shares during the last quarter. FMR LLC raised its holdings in 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 in the last quarter. Captrust Financial Advisors bought a new stake in TransUnion during the third quarter worth about $892,000. Artemis Investment Management LLP bought a new position in TransUnion in the third quarter valued at approximately $32,008,000. Finally, Assetmark Inc. grew its stake in TransUnion by 6,720.7% in the third quarter. Assetmark Inc. now owns 128,706 shares of the business services provider’s stock valued at $13,476,000 after purchasing an additional 126,819 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.