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Steven M. Chaouki, President of U.S. Markets at TransUnion (NYSE:TRU), recently sold 1,000 shares of the company's common stock. The transaction, completed on January 2, 2025, was conducted at a price of $93.60 per share, amounting to a total sale value of $93,600. The sale comes as TransUnion, with its impressive market capitalization of $18 billion, has delivered a strong 45% return over the past year. According to InvestingPro analysis, the company maintains robust gross profit margins of 60%. This sale was executed as part of a pre-established Rule 10b5-1 trading plan. Following this transaction, Chaouki holds 59,488 shares of TransUnion stock. InvestingPro analysis suggests the stock is slightly undervalued, with additional insights available in the comprehensive Pro Research Report, one of 1,400+ detailed company analyses available to subscribers.
In other recent news, TransUnion has made significant strides in its financial performance and strategic direction. The company reported a robust 12% increase in third-quarter revenue, outperforming expectations. The earnings per share also improved by 14%, with full-year earnings per share projected at $3.87 to $3.93. Analyst firms Baird, Stifel, and B.Riley responded positively to these developments, raising TransUnion's stock target while maintaining their respective ratings.
TransUnion has also undergone a strategic financial restructuring, refinancing a substantial portion of its debt, aiming to optimize its debt structure. The company established new term loans totaling approximately $1.885 billion and refinanced part of the existing loans.
On the governance front, TransUnion announced board changes and an executive retirement. William P. Bosworth, a member of its Board of Directors, will resign at the end of 2024, and the Board will reduce its size from 11 to 10 members starting 2025. Additionally, Executive Vice President and Chief Global Solutions Officer, Timothy J. Martin, intends to retire in September 2026.
These recent developments are part of TransUnion's broader efforts to manage its capital structure efficiently and ensure the company remains well-positioned to meet its long-term financial obligations.
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