Stock Monitor: Collectors UniversePost Earnings Reporting
LONDON, UK / ACCESSWIRE / May 22, 2018 / If you want access to our free research report on TransUnion (NYSE: TRU), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TRU as the Company's latest news hit the wire. On May 18, 2018, the Company announced that it plans to acquire Portland, Oregon-based iovation. iovation is a fraud and identity management Company and one of the most advanced providers of device-based information in the world. The deal is expected to strengthen TransUnion's leadership position in the area of fraud and identity management. Register today and get access to over 1,000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Collectors Universe Inc. (NASDAQ: CLCT), which also belongs to the Services sector as the Company TransUnion. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, TransUnion most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
The financial terms and other conditions of the deal were not disclosed. The deal is expected to close in late Q2 2018 or early Q3 2018, subject to the receipt of regulatory approvals and other closing conditions.
Commenting on the acquisition of iovation, Jim Peck, President and Chief Executive Officer (CEO) of TransUnion, said:
"TransUnion has long been at the forefront of developing innovative fraud and identity solutions, and together with iovation, we will create an unmatched network of offline and online identities that will help make transactions faster and more secure, while providing a frictionless experience for consumers."
Chris Cartwright, President of TransUnion's USIS division, added:
"Our combined solutions will empower trusted relationships by identifying, monitoring, and protecting both businesses and consumers as they interact online all around the world."
Greg Pierson, Founder, and CEO of iovation, stated:
"Our mission has always been to make the digital world a safer place for both businesses and consumers, which perfectly supports TransUnion's belief in using information for good."
Founded in 2004, iovation is the pioneer in the field of device-based fraud fighting solutions. It has the world's largest and most precise database of reputation insights, and cryptographically secure multi-factor authentication methods, and safeguards tens of millions of digital transactions each day. The Company has insight into nearly 5 billion unique devices from more than 35,000 leading brands, across more than 50 countries.
iovation's leading fraud-fighting technology can dynamically identify new fraud patterns as they emerge, making the internet a safer place to do business. The Company's comprehensive range of highly-advanced real-time fraud prevention products includes the below products, which are backed by a risk-based dynamic authentication suite, and a global consortium of shared fraud insights that deliver risk decisions in milliseconds.
- FraudForce - Real-time device reputation and verification insight identifies good customers, reduces reviews, and helps prevent online fraud;
- SureScore - Machine learning that predicts transaction outcomes based on device trust, transaction, and contextual or behavioral indicators;
- ClearKey - Passwordless authentication based on rigorous device fingerprinting and contextual insight;
- LaunchKey - Multi-factor authentication lets mobile apps deliver advanced knowledge factors, cutting-edge biometrics, and location and proximity methods for strong, simplified access to any site or service.
Benefits of the Acquisition
TransUnion expects that the acquisition of iovation would be highly beneficial to its fraud and identity management business. The customers will benefit greatly from the combined fraud fighting solutions offered by both Companies as they can quickly incorporate and adapt strategies according to the fast-changing and evolving fraud landscape. The Company will also expand its customer base and global footprint.
The acquisition of iovation will also complement the products and business of Callcredit. TransUnion announced the acquisition of UK-based Callcredit Information Group Ltd in April 2018, in an all-cash deal valued at £1 billion (approximately $1.4 billion). Callcredit is a consumer information services Company that provides data, analytics, and technology solutions. TransUnion currently provides fraud and identity solutions to customers globally in the financial services, government, healthcare, and insurance sectors. These acquisitions will expand its reach to include markets like gaming and retail.
TransUnion to acquire Healthcare Payment Specialists
In a separate announcement on the same day, i.e. May 18, 2018, TransUnion disclosed the signing of an agreement to acquire Healthcare Payment Specialists ("HPS"), which is a leader in helping healthcare providers optimize Medicare reimbursement. The acquisition is aimed at strengthening TransUnion Healthcare's Revenue Protection™ portfolio. TransUnion Healthcare is a wholly-owned subsidiary of TransUnion and a provider of Healthcare Revenue Protection™ for maximizing reimbursement, improving patient engagement, and preventing revenue leakage. The financial terms and other conditions of the deal were not disclosed. The deal is expected to close in Q2 2018, subject to the receipt of regulatory approvals.
Chicago, Illinois-based TransUnion is more than just a credit reporting agency. It is a sophisticated, global risk information provider that goes beyond credit data to offer the insights businesses and consumers need to make informed decisions and achieve great things. The Company has a worldwide presence in over 30 countries, including North America, Africa, Latin America, and Asia.
Stock Performance Snapshot
May 21, 2018 - At Monday's closing bell, TransUnion's stock slightly climbed 0.23%, ending the trading session at $68.96.
Volume traded for the day: 1.17 million shares.
Stock performance in the last month – up 3.17%; previous three-month period – up 18.43%; past twelve-month period – up 64.58%; and year-to-date - up 25.47%
After yesterday's close, TransUnion's market cap was at $12.71 billion.
Price to Earnings (P/E) ratio was at 44.52.
The stock has a dividend yield of 0.44%.
The stock is part of the Services sector, categorized under the Business Services industry. This sector was up 0.7% at the end of the session.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.