TransUnion (NYSE:TRU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm presently has a $64.00 target price on the business services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 12.18% from the company’s previous close.
According to Zacks, “TransUnion is poised for impressive growth in several of its end markets 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 further propelling demand. In addition, the inherent nature and significance of its solutions in customers’ decision-making endow it with high customer retention and revenue visibility. As emerging market economies continue to develop and mature, the company is well-positioned to gain from the associated favorable socio-economic trends. The company also outperformed the industry in the last three months. However, TransUnion operates in a highly competitive market, which restricts its pricing power and limits profitability to some extent.”
A number of other research analysts have also recently issued reports on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $57.00 price objective on shares of TransUnion in a report on Friday, October 27th. Barclays reiterated an “overweight” rating and set a $50.00 price objective (up from $48.00) on shares of TransUnion in a report on Thursday, September 14th. JPMorgan Chase & Co. lifted their price objective on shares of TransUnion from $54.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Atlantic Securities upgraded shares of TransUnion from a “neutral” rating to an “overweight” rating in a report on Friday, November 17th. Finally, Cowen reissued a “buy” rating and set a $48.00 price target on shares of TransUnion in a research report on Thursday, October 12th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. TransUnion presently has a consensus rating of “Buy” and an average price target of $57.55.
TransUnion (NYSE:TRU) last issued its quarterly earnings data on Friday, October 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The firm had revenue of $498.00 million during the quarter, compared to analysts’ expectations of $475.52 million. TransUnion had a net margin of 13.17% and a return on equity of 21.37%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. sell-side analysts anticipate that TransUnion will post 1.71 EPS for the current fiscal year.
In related news, major shareholder Goldman Sachs Group Inc sold 3,698,137 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $52.25, for a total transaction of $193,227,658.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James M. Peck sold 215,381 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $54.80, for a total transaction of $11,802,878.80. Following the transaction, the insider now directly owns 402,343 shares in the company, valued at $22,048,396.40. The disclosure for this sale can be found here. Insiders have sold 4,630,224 shares of company stock worth $243,986,497 over the last three months. 2.10% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TRU. Atlanta Capital Management Co. L L C lifted its position in shares of TransUnion by 43.6% during the second quarter. Atlanta Capital Management Co. L L C now owns 8,359,334 shares of the business services provider’s stock valued at $362,043,000 after purchasing an additional 2,536,898 shares in the last quarter. Egerton Capital UK LLP raised its position in TransUnion by 114.8% in the third quarter. Egerton Capital UK LLP now owns 4,574,259 shares of the business services provider’s stock worth $216,179,000 after acquiring an additional 2,444,617 shares during the period. Artisan Partners Limited Partnership bought a new stake in TransUnion in the third quarter worth about $99,632,000. TimesSquare Capital Management LLC raised its position in TransUnion by 80.4% in the third quarter. TimesSquare Capital Management LLC now owns 3,871,900 shares of the business services provider’s stock worth $182,986,000 after acquiring an additional 1,725,300 shares during the period. Finally, BlackRock Inc. raised its position in TransUnion by 49.1% in the second quarter. BlackRock Inc. now owns 4,841,716 shares of the business services provider’s stock worth $209,693,000 after acquiring an additional 1,594,833 shares during the period.
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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