Steven Chaouki, President of U.S. Markets at TransUnion (NYSE:TRU), recently sold 1,500 shares of the company's common stock. The transaction, completed on December 2, 2024, was executed at an average price of $100.73 per share, totaling approximately $151,095. The sale comes as TransUnion's stock has shown remarkable performance, with a 47.3% gain year-to-date and a market capitalization of $19.6 billion. According to InvestingPro analysis, the stock is currently trading near its Fair Value. Following this sale, Chaouki retains ownership of 60,488 shares. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, allowing executives to sell stock at predetermined times to avoid concerns about insider trading. InvestingPro data reveals that TransUnion has demonstrated strong momentum, with over 14 additional key insights available to subscribers through their comprehensive Pro Research Report, which provides deep-dive analysis of 1,400+ top US stocks.
In other recent news, TransUnion reported a robust 12% increase in Q3 revenue, significantly a 17% growth in U.S. financial services, exceeding expectations. 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 reacted positively to these developments, with Stifel raising TransUnion's stock target to $120 and Baird to $130. Conversely, B.Riley maintained a Neutral rating on TransUnion's stock, despite raising the price target.
TransUnion also announced board changes and the retirement of an executive. William P. Bosworth will resign from the Board of Directors, effective December 31, 2024, and Timothy J. Martin, Executive Vice President and Chief Global Solutions Officer, plans to retire in September 2026.
These recent developments highlight TransUnion's ongoing transformation program, expected to yield $200 million in free cash flow benefits by 2026. 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 updates underline TransUnion's strategic direction and commitment to delivering value to its shareholders.
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