TransUnion (TRU) Downgraded by Zacks Investment Research to Hold
TransUnion (NYSE:TRU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.
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. The company has over 30 petabytes of data, growing at an average of over 25% annually since 2010. Increased risk of identity theft due to data breaches and higher 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. However, it is vulnerable to the overall macroeconomic conditions, industry trends, seasonality issues, adverse foreign currency translation effects and developments in the credit market, which limit its profitability to some extent. TransUnion caters to a highly competitive market, such degree of competition restricts its pricing power.”
TRU has been the topic of several other reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $50.00 price objective (up from $47.00) on shares of TransUnion in a research note on Wednesday, July 26th. TheStreet raised TransUnion from a “c” rating to a “b-” rating in a research note on Monday, June 26th. BidaskClub raised TransUnion from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Barclays PLC reaffirmed an “overweight” rating and issued a $48.00 price objective (up from $45.00) on shares of TransUnion in a research note on Friday, June 16th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $48.00 price objective on shares of TransUnion in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $46.88.
Shares of TransUnion (NYSE:TRU) traded down 0.371% on Monday, reaching $46.985. 308,138 shares of the company’s stock traded hands. TransUnion has a 52 week low of $28.92 and a 52 week high of $47.75. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 40.435 and a beta of 0.61. The company has a 50 day moving average price of $45.67 and a 200 day moving average price of $41.39.
TransUnion (NYSE:TRU) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.03. The business had revenue of $474.80 million for the quarter, compared to analyst estimates of $464.77 million. TransUnion had a return on equity of 20.32% and a net margin of 12.08%. TransUnion’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. On average, equities research analysts predict that TransUnion will post $1.83 earnings per share for the current fiscal year.
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In other news, Director Christopher Egan sold 201,753 shares of TransUnion stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $45.60, for a total transaction of $9,199,936.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John W. Blenke sold 10,000 shares of TransUnion stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $46.24, for a total value of $462,400.00. Following the sale, the executive vice president now directly owns 79,717 shares in the company, valued at $3,686,114.08. The disclosure for this sale can be found here. Insiders have sold 14,047,490 shares of company stock worth $640,561,199 over the last three months. Insiders own 2.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Morgan Stanley raised its position in TransUnion by 1,433.7% in the first quarter. Morgan Stanley now owns 769,615 shares of the business services provider’s stock worth $29,514,000 after buying an additional 719,436 shares in the last quarter. Vanguard Group Inc. raised its position in TransUnion by 25.5% in the first quarter. Vanguard Group Inc. now owns 8,273,610 shares of the business services provider’s stock worth $317,293,000 after buying an additional 1,680,062 shares in the last quarter. Caldera Capital LLC raised its position in TransUnion by 78.1% in the first quarter. Caldera Capital LLC now owns 283,399 shares of the business services provider’s stock worth $10,868,000 after buying an additional 124,291 shares in the last quarter. Wellington Management Group LLP raised its position in TransUnion by 10.0% in the first quarter. Wellington Management Group LLP now owns 22,516,374 shares of the business services provider’s stock worth $863,504,000 after buying an additional 2,041,422 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in TransUnion by 37.3% in the first quarter. Great West Life Assurance Co. Can now owns 11,789 shares of the business services provider’s stock worth $451,000 after buying an additional 3,200 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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