Zacks Investment Research upgraded shares of TransUnion (NYSE:TRU) from a hold rating to a buy rating in a report published on Wednesday morning. They currently have $56.00 price objective on the business services provider’s stock.
According to Zacks, “TransUnion is poised for impressive growth in several of its end markets, especially the burgeoning Big Data and analytics market, with an attractive business model, significant operating leverage, low capital requirements and strong and stable cash flows. Increased risk of identity theft due to data breaches and high consumer awareness about the usage of credit information are propelling the demand for its consumer solutions. As emerging market economies continue to develop and mature, the company is well-positioned to gain from the associated favorable socio-economic trends. TransUnion has also outperformed the industry year to date. Management further increased its guidance on healthy growth dynamics and sustained investments. However, the company is vulnerable to the overall macroeconomic conditions, industry trends and stiff competitive pressures, which limit its profitability to some extent.”
A number of other research analysts have also weighed in on the stock. Cowen and Company reissued a buy rating and issued a $48.00 target price on shares of TransUnion in a report on Thursday, September 7th. TheStreet raised shares of TransUnion from a c rating to a b- rating in a report on Monday, June 26th. SunTrust Banks, Inc. initiated coverage on shares of TransUnion in a report on Tuesday, September 5th. They issued a buy rating and a $54.00 target price for the company. Deutsche Bank AG reissued a buy rating on shares of TransUnion in a report on Friday, September 8th. Finally, Morgan Stanley reissued an overweight rating and issued a $47.00 target price (up from $45.00) on shares of TransUnion in a report on Tuesday, July 18th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. TransUnion has an average rating of Buy and an average target price of $48.33.
TransUnion (NYSE TRU) traded down 0.02% during trading on Wednesday, reaching $49.69. 718,021 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $46.46 and its 200-day moving average is $46.46. TransUnion has a 12-month low of $28.92 and a 12-month high of $50.15. The company has a market cap of $9.04 billion, a P/E ratio of 42.76 and a beta of 0.58.
TransUnion (NYSE:TRU) last posted its earnings results on Tuesday, July 25th. The business services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The firm had revenue of $474.80 million during the quarter, compared to analyst estimates of $464.77 million. During the same period last year, the firm posted $0.37 earnings per share. TransUnion’s revenue for the quarter was up 11.5% compared to the same quarter last year. Analysts predict that TransUnion will post $1.83 EPS for the current fiscal year.
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In related news, EVP Samuel A. Hamood sold 21,341 shares of TransUnion stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $42.95, for a total value of $916,595.95. Following the completion of the sale, the executive vice president now directly owns 20,243 shares in the company, valued at $869,436.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 13,734,177 shares of TransUnion stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $45.60, for a total value of $626,278,471.20. The disclosure for this sale can be found here. Insiders have sold 14,108,242 shares of company stock valued at $643,363,096 over the last ninety days. 2.10% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. State of Wisconsin Investment Board raised its holdings in shares of TransUnion by 141.8% in the second quarter. State of Wisconsin Investment Board now owns 25,408 shares of the business services provider’s stock valued at $1,100,000 after acquiring an additional 14,900 shares in the last quarter. Morgan Stanley raised its holdings in shares of TransUnion by 1,433.7% in the first quarter. Morgan Stanley now owns 769,615 shares of the business services provider’s stock valued at $29,514,000 after acquiring an additional 719,436 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in shares of TransUnion in the second quarter valued at about $41,015,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of TransUnion by 1,297.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 164,900 shares of the business services provider’s stock valued at $7,142,000 after acquiring an additional 153,100 shares in the last quarter. Finally, Caldera Capital LLC raised its holdings in shares of TransUnion by 78.1% in the first quarter. Caldera Capital LLC now owns 283,399 shares of the business services provider’s stock valued at $10,868,000 after acquiring an additional 124,291 shares in the last quarter.
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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