Report
Brett Horn
EUR 100.00 For Business Accounts Only

Mortgage Headwinds Slow TransUnion’s Growth in First Quarter

TransUnion’s growth was a little slow in the first quarter, but we see nothing that alters our long-term view and will maintain our narrow moat rating and $69 fair value estimate. Overall, revenue was up 15% year over year, or 6% excluding currency effects and acquisitions. The organic level is a bit below our long-term expectations.
Domestic credit bureau operations were the biggest drag in the quarter, posting a 3% year-over-year organic growth rate. Revenue related to the financial sector wa...
Underlying
TransUnion

TransUnion is an information and insights company. The company provides consumer reports, actionable insights and analytics such as credit and other scores, and decisioning capabilities to businesses. The company has the following reportable segments: United States Markets, which provides consumer reports, actionable insights and analytics such as credit and other scores, and decisioning capabilities to businesses; International, which provides services similar to its United States Markets segment to businesses in select regions outside the United States; and Consumer Interactive, which provides solutions that help consumers manage their personal finances and take precautions against identity theft.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brett Horn

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