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

TransUnion (NYSE:TRU) had its price objective lowered by analysts at Morgan Stanley from $130.00 to $127.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price target suggests a potential upside of 29.59% from the company’s current price.

Several other research analysts also recently commented on TRU. Wells Fargo & Company decreased their target price on shares of TransUnion from $135.00 to $126.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Jefferies Financial Group decreased their target price on shares of TransUnion from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. The Goldman Sachs Group lifted their price target on shares of TransUnion from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Wolfe Research upgraded shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a report on Thursday, October 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of TransUnion in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.00.

TransUnion Stock Performance

NYSE:TRU traded up $0.11 on Tuesday, reaching $98.00. 241,101 shares of the company’s stock were exchanged, compared to its average volume of 1,345,811. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market cap of $19.10 billion, a price-to-earnings ratio of 85.16, a P/E/G ratio of 1.16 and a beta of 1.62. TransUnion has a 52 week low of $66.07 and a 52 week high of $113.17. The stock has a fifty day simple moving average of $95.90 and a 200-day simple moving average of $96.52.

Insider Activity at TransUnion

In other TransUnion news, insider Todd C. Skinner sold 3,090 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $101.48, for a total value of $313,573.20. Following the sale, the insider now owns 24,333 shares in the company, valued at $2,469,312.84. This trade represents a 11.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $1,200,000.00. Following the completion of the sale, the director now owns 27,026 shares in the company, valued at approximately $2,702,600. The trade was a 30.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,090 shares of company stock worth $1,916,758. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On TransUnion

Several institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position in shares of TransUnion by 17.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 19,180,562 shares of the business services provider’s stock valued at $2,008,205,000 after buying an additional 2,840,800 shares during the last quarter. FMR LLC increased its holdings in TransUnion by 307.7% in the 3rd quarter. FMR LLC now owns 4,540,896 shares of the business services provider’s stock worth $475,432,000 after buying an additional 3,427,199 shares during the period. Wellington Management Group LLP increased its holdings in TransUnion by 16.8% in the 3rd quarter. Wellington Management Group LLP now owns 4,426,510 shares of the business services provider’s stock worth $463,456,000 after buying an additional 635,581 shares during the period. Janus Henderson Group PLC increased its holdings in TransUnion by 2.4% in the 3rd quarter. Janus Henderson Group PLC now owns 3,154,262 shares of the business services provider’s stock worth $330,251,000 after buying an additional 75,410 shares during the period. Finally, Ninety One UK Ltd grew its stake in shares of TransUnion by 6.6% during the 4th quarter. Ninety One UK Ltd now owns 3,054,632 shares of the business services provider’s stock worth $283,195,000 after purchasing an additional 188,300 shares during the period.

TransUnion Company Profile

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.