Zacks Investment Research upgraded shares of TransUnion (NYSE:TRU) from a hold rating to a buy rating in a report released on Monday morning, Zacks.com reports. They currently have $89.00 price objective on the business services provider’s stock.
According to Zacks, “TransUnion’s second-quarter 2019 earnings and revenues surpassed the Zacks Consensus estimate. The company has an attractive business model with highly recurring and diversified revenue streams, significant operating leverage, low capital requirements and strong and stable cash flows. A huge base of data is its most distinguishing asset and perhaps the biggest barrier to entry for competitors. The company serves a broad range of customers across multiple geographies and verticals, and boasts millions of customers. Year to date, the company's shares have outperformed the industry. On the flip side, TransUnion operates in a highly competitive market, which restricts its pricing power and limits profitability to some extent. The company's operating segments experience seasonality. High debt may limit TransUnion’s future expansion.”
TRU has been the topic of several other reports. JPMorgan Chase & Co. boosted their price objective on shares of TransUnion from $78.00 to $92.00 and gave the stock an overweight rating in a research report on Wednesday, July 24th. Barclays reiterated a buy rating and issued a $80.00 price objective on shares of TransUnion in a research report on Sunday, May 5th. ValuEngine upgraded shares of TransUnion from a hold rating to a buy rating in a research report on Tuesday, June 11th. Morgan Stanley boosted their target price on shares of TransUnion from $82.00 to $83.00 and gave the company an equal weight rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank boosted their target price on shares of TransUnion from $75.00 to $78.00 and gave the company a buy rating in a research note on Tuesday, July 2nd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $79.42.
TransUnion (NYSE:TRU) last released its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.58 by $0.08. TransUnion had a net margin of 12.84% and a return on equity of 22.94%. The business had revenue of $661.90 million for the quarter, compared to analyst estimates of $644.73 million. During the same period in the previous year, the firm earned $0.62 EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, research analysts forecast that TransUnion will post 2.47 earnings per share for the current fiscal year.
In other news, CAO Timothy Elberfeld sold 2,500 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $75.00, for a total transaction of $187,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John T. Danaher sold 4,318 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.54, for a total transaction of $283,001.72. Following the transaction, the executive vice president now directly owns 69,491 shares of the company’s stock, valued at approximately $4,554,440.14. The disclosure for this sale can be found here. Insiders sold a total of 205,701 shares of company stock valued at $16,358,489 in the last three months. 0.92% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cullen Frost Bankers Inc. increased its position in TransUnion by 222.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 678 shares of the business services provider’s stock worth $50,000 after purchasing an additional 468 shares in the last quarter. CENTRAL TRUST Co acquired a new stake in TransUnion during the 2nd quarter worth approximately $54,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in TransUnion during the 1st quarter worth approximately $80,000. Rockefeller Capital Management L.P. acquired a new stake in TransUnion during the 1st quarter worth approximately $122,000. Finally, Strs Ohio increased its position in TransUnion by 23.9% during the 1st quarter. Strs Ohio now owns 2,343 shares of the business services provider’s stock worth $156,000 after purchasing an additional 452 shares in the last quarter.
TransUnion Company Profile
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.
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