TransUnion Collaborates With PeerIQ To Boost Performance

TransUnion (NYSE:TRU) has outperformed the Zacks categorized Business - Information Services industry with an average year-to-date return of 6.2% compared with 2.1% for the latter. In addition, over a period of 30 days, earnings estimates for the current quarter have risen. The improved performance of the company is a result of its combined organic and inorganic growth during the year.

Recently, TransUnion strategically collaborated with PeerIQ, a provider of data and analytics, to offer enhanced transparency and insight to various lending markets. This deal targets the primary concerns faced by investors in the lending markets.

Per the partnership, both the companies will be well positioned to cater to the customers’ growing demand for through-cycle data histories, robust models and indices, cross-asset class evaluations and consensus estimation.

Also, both the companies will collaborate to provide distribution and integration opportunities in the market. Per the partnership, TransUnion's executive vice president and head of its financial services business unit, Steve Chaouki, will become a PeerIQ board observer.

TransUnion is focused on organic growth to enhance its portfolio. These initiatives will help the company enhance its top line, going forward.

Headquartered in Chicago, IL, TransUnion is a consumer information services company that offers data and analytics solutions, particularly in credit risk management. The company is one of the three largest credit reporting agencies in the U.S.

What sets TransUnion apart is its distinctive and comprehensive datasets, next-generation technology and its analytics and decision-making capabilities that enable it to deliver insights across the complete consumer lifecycle. TransUnion boasts rich domain proficiency across a wide range of industry verticals, including insurance, healthcare and financial services. It also caters to verticals like wireless, real estate and general commercial/business information.

TransUnion currently has a Zacks Rank #2 (Buy). Some other favorably ranked stocks in the industry include Publicis Groupe SA (OTC:PUBGY) , Marin Software Inc. (NYSE:MRIN) , and Acacia Research Corp. (NASDAQ:ACTG) . Publicis Groupe and Marin Software carry a Zacks Rank #2, whereas Acacia Research sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Publicis Groupe has a long-term earnings growth expectation of 8% and is currently trading at a forward P/E of 12.7x.

Marin Software has a solid earnings history beating estimates on every occasion, with an average positive surprise of 47.9%.

Acacia Research has a long-term earnings growth expectation of 20.0% and is currently trading at a forward P/E of 14.2x.

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