Consulting services can be delivered in multiple areas of business. The most well-known segment of consulting is management consulting. Companies like McKinsey, BCG, and Bain are amongst the most renowned management consulting firms in the world. However, there is also IT consulting, marketing consulting, and financial consulting. Companies that have built insights and extensive research/knowledge capabilities are able to guide their clients towards better decision-making through their consulting services. Customer credit trends can be beneficial in making important decisions in the field of finance and insurance. The largest credit reporting agencies are TransUnion, Equifax, and Experian. They have built up extensive databases over decades. Such companies are now cashing in on that data. Therefore, if you are looking for consulting services stocks to buy 2021, then TransUnion could be an option.
The Credit Business
Lending is increasingly becoming a competitive space. In the previous decades, major banks and financial institutions enjoyed a significant market share when it came to consumer lending. However, fintech companies are now innovating and disrupting at a fast pace. Companies with the minimal financial background are entering the lending business. Speed and efficiency are now amongst the most essential qualities for successful credit businesses. Having the right data allows lenders to quickly underwrite a loan, evaluate the creditworthiness of the borrower, and disburse money to the borrower’s bank account. Interest rates have also hit historic lows, and there is plenty of capital looking to find its way to earn returns. In such an environment, having access to the kind of database that TransUnion has built can be extremely valuable. If you are looking for consulting services stocks to invest in, then TransUnion is worth exploring in greater detail.
Consulting Services Stocks To Buy 2021
TransUnion’s stock was trading at $116 on 24th September 2021. The stock was up 28% over the preceding six months. TransUnion has been on a steady uptrend during the preceding five years, with the only major fall happening during the March 2020 crash.