TransUnion (TRU) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of TransUnion (NYSE:TRU) from a hold rating to a buy rating in a research note issued to investors on Monday morning. They currently have $48.00 target price on the business services provider’s stock.
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. In addition, the significance of its solutions in customers’ decision-making process endows it with high customer retention and revenue visibility. 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.”
Other analysts also recently issued research reports about the stock. TheStreet upgraded shares of TransUnion from a c rating to a b- rating in a report on Monday, June 26th. Cowen and Company reiterated a buy rating and issued a $48.00 price objective on shares of TransUnion in a report on Thursday, September 7th. Deutsche Bank AG reiterated a buy rating on shares of TransUnion in a report on Friday, September 8th. SunTrust Banks, Inc. initiated coverage on shares of TransUnion in a report on Tuesday, September 5th. They issued a buy rating and a $54.00 price objective for the company. Finally, Barclays PLC reiterated an overweight rating and issued a $50.00 price objective (up previously from $48.00) on shares of TransUnion in a report on Thursday, September 14th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. TransUnion presently has a consensus rating of Buy and a consensus target price of $47.44.
Shares of TransUnion (NYSE:TRU) opened at 42.35 on Monday. The company has a market capitalization of $7.70 billion, a PE ratio of 36.45 and a beta of 0.60. TransUnion has a one year low of $28.92 and a one year high of $48.65. The stock has a 50 day moving average price of $44.38 and a 200 day moving average price of $43.47.
TransUnion (NYSE:TRU) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03. The company had revenue of $474.80 million during the quarter, compared to the consensus estimate of $464.77 million. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. TransUnion’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 EPS. On average, equities research analysts predict that TransUnion will post $1.83 earnings per share for the current year.
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In other news, Director Christopher Egan sold 201,753 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $45.60, for a total transaction of $9,199,936.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Timothy Elberfeld sold 902 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $45.43, for a total transaction of $40,977.86. Following the sale, the chief accounting officer now owns 15,423 shares of the company’s stock, valued at approximately $700,666.89. The disclosure for this sale can be found here. Insiders have sold a total of 14,108,060 shares of company stock valued at $643,354,118 in the last 90 days. Insiders own 2.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC acquired a new stake in shares of TransUnion during the 2nd quarter worth approximately $12,631,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of TransUnion during the 2nd quarter worth approximately $328,000. Public Employees Retirement System of Ohio increased its holdings in shares of TransUnion by 199.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 53,598 shares of the business services provider’s stock worth $2,321,000 after buying an additional 35,675 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of TransUnion by 116.1% during the 2nd quarter. California State Teachers Retirement System now owns 227,221 shares of the business services provider’s stock worth $9,841,000 after buying an additional 122,093 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C increased its holdings in shares of TransUnion by 43.6% during the 2nd 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 during 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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