TransUnion TRU recently announced that it has completed the acquisition of Verisk Financial Services, the financial services division of Verisk Analytics, Inc. VRSK, for $515 million in cash. The deal was originally announced on February 22.
So far this year, shares of TransUnion are down 19%, compared to a 10.9% loss for the industry to which it belongs.
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How will TransUnion benefit?
Completion of the agreement adds Verisk Financial’s datasets for credit and debit card accounts and demand deposit account behavior to TransUnion’s portfolio. This should strengthen TransUnion’s position as an innovative solutions provider on a global scale.
Together, they should offer insights and solutions that should increase financial inclusion, create new accounts, and improve fraud prevention and risk management.
Given the growing demand for digital technology in financial institutions and businesses across all industries around the world, the agreement is expected to strengthen TransUnion’s competitive position in the industry.
Chris Cartwright, President and CEO of TransUnion, said, “Providing effective online solutions to the financial needs of today’s sophisticated consumers is critical, and the combined capabilities of TransUnion and Verisk Financial will help our customers by enabling them to do better and faster. the decisions.”
Zacks Ranking and Stocks to Consider
TransUnion currently carries a Zacks rank #4 (sell).
You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some higher-ranked stocks in the broader business services sector that investors can consider are Cross Country Health Care CCRN and Global NV5 NVEEs, each sporting a #1 Zacks rank.
Cross Country Healthcare has a four-quarter earnings surprise of 41.5% on average.
Shares of Cross Country Healthcare have jumped 59.3% over the past year. The company has long-term earnings growth of 6.5%.
NV5 Global has an expected earnings growth rate of 6.1% for the current year. It generated a surprise on the profits of the last four quarters of 22.2% on average.
Shares of NV5 Global have jumped 42% over the past year. The company is posting long-term earnings growth of 14.2%.
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Cross Country Healthcare, Inc. (CCRN): Free Inventory Analysis Report
Verisk Analytics, Inc. (VRSK): Free Stock Analysis Report
NV5 Global, Inc. (NVEE): Free Stock Analysis Report
TransUnion (TRU): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.