Zacks Investment Research upgraded shares of TransUnion (NYSE:TRU) from a hold rating to a buy rating in a report released on Friday morning. Zacks Investment Research currently has $64.00 price objective on the business services provider’s stock.
According to Zacks, “TransUnion is poised for impressive growth in several of its end markets 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 brokerages have also issued reports on TRU. SunTrust Banks reissued a buy rating and issued a $56.00 price target on shares of TransUnion in a research note on Friday, October 13th. Deutsche Bank reissued a buy rating and issued a $55.00 price target (up from $50.00) on shares of TransUnion in a research note on Tuesday, October 24th. Cowen reissued a buy rating and issued a $48.00 price target on shares of TransUnion in a research note on Thursday, October 12th. Barclays reissued an overweight rating and issued a $50.00 price target (up from $48.00) on shares of TransUnion in a research note on Thursday, September 14th. Finally, Royal Bank of Canada reissued a buy rating and issued a $57.00 price target on shares of TransUnion in a research note on Friday, October 27th. 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 a consensus price target of $57.55.
TransUnion (NYSE:TRU) last issued its quarterly earnings results on Friday, October 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. TransUnion had a return on equity of 21.37% and a net margin of 13.17%. The firm had revenue of $498.00 million for the quarter, compared to analyst estimates of $475.52 million. During the same period last year, the company earned $0.38 EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. research analysts expect that TransUnion will post 1.71 EPS for the current year.
In other 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 stock was sold at an average price of $52.25, for a total value of $193,227,658.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James M. Peck sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $54.74, for a total value of $10,948,000.00. Following the completion of the transaction, the chief executive officer now owns 402,343 shares in the company, valued at $22,024,255.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,630,224 shares of company stock worth $243,986,497. Company insiders own 2.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. ETRADE Capital Management LLC purchased a new position in shares of TransUnion in the 3rd quarter worth about $204,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of TransUnion by 17.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,780 shares of the business services provider’s stock valued at $207,000 after buying an additional 694 shares during the period. SG Americas Securities LLC purchased a new stake in shares of TransUnion during the 2nd quarter valued at about $212,000. Alpine Global Management LLC purchased a new stake in shares of TransUnion during the 2nd quarter valued at about $217,000. Finally, Wolverine Trading LLC purchased a new stake in shares of TransUnion during the 2nd quarter valued at about $232,000.
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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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