Todd C. Skinner, President of International at TransUnion (NYSE:TRU), has recently sold 3,090 shares of the company's common stock. The shares were sold at a weighted average price of $101.48, amounting to a total transaction value of approximately $313,573. Following this sale, Skinner retains ownership of 24,333 shares. The transaction was executed on November 29, 2024, as per the latest SEC filing.The sale comes as TransUnion, currently valued at $19.37 billion, has shown strong momentum with a 64.79% return over the past year. According to InvestingPro analysis, the company maintains a Fair financial health rating, though its stock price movements have been notably volatile. For deeper insights into TransUnion's valuation and over 15 additional ProTips, including exclusive Fair Value analysis and comprehensive research reports, investors can explore InvestingPro.
In other recent news, TransUnion has reported substantial growth in its third quarter, exceeding revenue expectations with a 12% increase, notably a 17% growth in U.S. financial services. The company's full-year earnings per share are projected at $3.87 to $3.93, marking a 14% improvement. Analyst firms Stifel and Baird have both responded positively to these developments, with Stifel raising TransUnion's stock target to $120 and Baird to $130. Meanwhile, B.Riley has maintained a Neutral rating on TransUnion's stock, despite raising the price target.
TransUnion's ongoing transformation program, expected to yield $200 million in free cash flow benefits by 2026, has also been highlighted. The company's capital expenditures are projected to decrease to 8% of revenues for 2024 and 2025, contributing to margin expansion. Despite a slowdown in the mortgage segment and consumer lending growth rates in India, these recent developments underline TransUnion's strategic direction and commitment to delivering value to its customers and shareholders.
Additionally, TransUnion has disclosed board changes and the upcoming retirement of executive Timothy J. Martin, currently serving as Executive Vice President and Chief Global Solutions Officer. A search for Martin's successor has been initiated, with Martin continuing in his role until a new executive is appointed. These corporate governance updates are part of TransUnion's regular reporting.
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