TransUnion (TRU) Downgraded by Zacks Investment Research
TransUnion (NYSE:TRU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
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. 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. The continuing strength of the U.S. dollar against major currencies has further eroded margins. Seasonality issues remains another significant challenge for the company.”
Several other equities analysts have also recently weighed in on TRU. Barclays PLC reissued an “overweight” rating and issued a $48.00 target price (up from $45.00) on shares of TransUnion in a research note on Friday, June 16th. TheStreet raised shares of TransUnion from a “c” rating to a “b-” rating in a research note on Monday, June 26th. Morgan Stanley reissued an “overweight” rating and issued a $47.00 target price (up from $45.00) on shares of TransUnion in a research note on Tuesday, July 18th. Cowen and Company reissued a “buy” rating and issued a $48.00 target price on shares of TransUnion in a research note on Friday, July 28th. Finally, BidaskClub raised shares of TransUnion from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $47.44.
Shares of TransUnion (TRU) traded up 0.82% on Tuesday, reaching $45.49. 716,977 shares of the company were exchanged. The stock has a market capitalization of $8.27 billion, a P/E ratio of 39.15 and a beta of 0.60. TransUnion has a 12 month low of $28.92 and a 12 month high of $48.65. The stock has a 50 day moving average price of $44.07 and a 200-day moving average price of $44.07.
TransUnion (NYSE:TRU) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The company had revenue of $474.80 million for the quarter, compared to the consensus estimate of $464.77 million. During the same period last year, the company earned $0.37 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. On average, equities analysts expect that TransUnion will post $1.83 EPS for the current fiscal year.
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In other news, EVP Samuel A. Hamood sold 21,341 shares of TransUnion stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $42.95, for a total transaction of $916,595.95. Following the completion of the sale, the executive vice president now owns 20,243 shares of the company’s stock, valued at $869,436.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Goldman Sachs Group Inc sold 13,734,177 shares of TransUnion stock in a transaction on Friday, August 4th. The stock was 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 14,108,060 shares of company stock valued at $643,354,118 in the last three months. Insiders own 2.10% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of TransUnion by 17.6% during the second quarter. Vanguard Group Inc. now owns 9,731,758 shares of the business services provider’s stock worth $421,483,000 after buying an additional 1,458,148 shares in the last quarter. Atlanta Capital Management Co. L L C lifted its holdings 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 worth $362,043,000 after buying an additional 2,536,898 shares in the last quarter. FMR LLC lifted its holdings in shares of TransUnion by 25.8% during the second quarter. FMR LLC now owns 7,589,877 shares of the business services provider’s stock worth $328,718,000 after buying an additional 1,557,572 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of TransUnion by 49.1% during the second quarter. BlackRock Inc. now owns 4,841,716 shares of the business services provider’s stock worth $209,693,000 after buying an additional 1,594,833 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of TransUnion by 20.0% during the first quarter. Citadel Advisors LLC now owns 2,633,301 shares of the business services provider’s stock worth $100,987,000 after buying an additional 438,417 shares in the last quarter.
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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