TransUnion (NYSE:TRU) Upgraded at Zacks Investment Research

TransUnion (NYSE:TRUGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports. The firm currently has a $100.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 7.40% from the company’s previous close.

According to Zacks, “TransUnion has an attractive business model with highly recurring and diversified revenue streams, significant operating leverage, low capital requirements and stable cash flows. Huge data base is its most distinguishing asset and perhaps the biggest barrier to entry for competitors. Buyouts act as a growth catalyst, helping the company expanding in vertical markets as well as expand international footprint. However, TransUnion operates in a highly competitive market, which restricts its pricing power and limits profitability to some extent. Adverse developments in the debt, consumer credit and financial services markets could hamper the company’s growth. The company's operating segments experiences seasonality, which continues to be a major concern. Partly due to these headwinds, shares of TransUnion have declined in the past year.”

TRU has been the topic of several other research reports. Morgan Stanley raised their price objective on shares of TransUnion from $102.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 16th. Bank of America began coverage on TransUnion in a research report on Friday, March 11th. They set a “buy” rating on the stock. Credit Suisse Group cut their price objective on TransUnion from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, March 16th. Truist Financial cut TransUnion from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Thursday, January 27th. Finally, Stifel Nicolaus cut their target price on TransUnion from $120.00 to $118.00 and set a “buy” rating for the company in a research note on Wednesday, February 23rd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $116.46.

TransUnion stock opened at $93.11 on Wednesday. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.12 and a beta of 1.37. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.56. The business has a 50-day simple moving average of $98.56 and a 200 day simple moving average of $107.84. TransUnion has a 52 week low of $83.47 and a 52 week high of $125.35.

TransUnion (NYSE:TRUGet Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The business services provider reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.02). The business had revenue of $789.80 million for the quarter, compared to analysts’ expectations of $816.79 million. TransUnion had a return on equity of 20.58% and a net margin of 44.73%. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. On average, research analysts anticipate that TransUnion will post 3.64 earnings per share for the current year.

In other news, EVP Richard Dane Mauldin sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $87.99, for a total value of $307,965.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Suzanne Patricia Clark bought 277 shares of the business’s stock in a transaction dated Friday, February 25th. The shares were bought at an average cost of $90.35 per share, for a total transaction of $25,026.95. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 6,515 shares of company stock valued at $583,714. Insiders own 0.21% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its holdings in TransUnion by 66.7% in the third quarter. Global Retirement Partners LLC now owns 225 shares of the business services provider’s stock worth $25,000 after purchasing an additional 90 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of TransUnion by 5.2% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,040 shares of the business services provider’s stock worth $229,000 after acquiring an additional 100 shares in the last quarter. West Oak Capital LLC increased its stake in shares of TransUnion by 8.7% in the 4th quarter. West Oak Capital LLC now owns 1,250 shares of the business services provider’s stock worth $148,000 after acquiring an additional 100 shares in the last quarter. First Manhattan Co. lifted its position in TransUnion by 27.1% during the 3rd quarter. First Manhattan Co. now owns 586 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 125 shares during the period. Finally, IndexIQ Advisors LLC grew its holdings in TransUnion by 4.6% in the third quarter. IndexIQ Advisors LLC now owns 3,284 shares of the business services provider’s stock worth $369,000 after purchasing an additional 143 shares during the period. Institutional investors own 97.07% of the company’s stock.

TransUnion Company Profile (Get Rating)

TransUnion engages in the provision of information and risk management solutions. It also provides consumer reports, risk scores, analytical services and decision making capabilities to businesses. The firm operates through the following segments: U.S. Markets, International, Consumer Interactive, and Corporate.

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