BI Asset Management Fondsmaeglerselskab A S Acquires 13,703 Shares of TransUnion (NYSE:TRU)

BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of TransUnion (NYSE:TRU - Free Report) by 261.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,935 shares of the business services provider's stock after purchasing an additional 13,703 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in TransUnion were worth $1,755,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital International Inc. CA grew its holdings in shares of TransUnion by 62.3% during the fourth quarter. Capital International Inc. CA now owns 49,567 shares of the business services provider's stock worth $4,595,000 after purchasing an additional 19,032 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of TransUnion by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,642,413 shares of the business services provider's stock worth $152,273,000 after acquiring an additional 70,359 shares during the period. First Trust Advisors LP lifted its stake in shares of TransUnion by 312.2% in the fourth quarter. First Trust Advisors LP now owns 184,991 shares of the business services provider's stock worth $17,150,000 after acquiring an additional 140,110 shares during the period. Forum Financial Management LP lifted its stake in shares of TransUnion by 20.9% in the fourth quarter. Forum Financial Management LP now owns 3,848 shares of the business services provider's stock worth $357,000 after acquiring an additional 665 shares during the period. Finally, Capital International Ltd. CA acquired a new position in shares of TransUnion in the fourth quarter worth approximately $993,000.

Analysts Set New Price Targets

TRU has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price objective on TransUnion from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. William Blair reaffirmed an "outperform" rating on shares of TransUnion in a research note on Monday, March 24th. Stifel Nicolaus cut their price objective on TransUnion from $120.00 to $112.00 and set a "buy" rating on the stock in a research note on Friday. Morgan Stanley cut their price objective on TransUnion from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Finally, Needham & Company LLC reissued a "hold" rating on shares of TransUnion in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $109.38.

TransUnion Stock Down 0.4 %

Shares of NYSE TRU traded down $0.34 during mid-day trading on Friday, reaching $82.13. 2,125,656 shares of the company's stock traded hands, compared to its average volume of 1,668,397. The stock has a market cap of $16.03 billion, a P/E ratio of 56.25, a PEG ratio of 1.18 and a beta of 1.67. The business has a 50-day simple moving average of $82.52 and a 200 day simple moving average of $92.89. TransUnion has a 1-year low of $66.38 and a 1-year high of $113.17. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.70 and a quick ratio of 1.70.

TransUnion (NYSE:TRU - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14). TransUnion had a return on equity of 15.85% and a net margin of 6.80%. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.03 billion. On average, analysts expect that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were issued a dividend of $0.115 per share. The ex-dividend date was Thursday, February 27th. This is a boost from TransUnion's previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a yield of 0.56%. TransUnion's payout ratio is 24.47%.

TransUnion announced that its Board of Directors has approved a stock repurchase program on Thursday, February 13th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $83.31, for a total transaction of $83,310.00. Following the transaction, the insider now directly owns 77,393 shares in the company, valued at approximately $6,447,610.83. The trade was a 1.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Venkat Achanta sold 1,821 shares of TransUnion stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total transaction of $174,342.54. Following the completion of the sale, the executive vice president now directly owns 105,443 shares in the company, valued at approximately $10,095,112.82. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,021 shares of company stock worth $372,751. 0.22% of the stock is owned by insiders.

TransUnion Company Profile

TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates through U.S. Markets, International, and Consumer Interactive segments. The U.S. Markets segment provides consumer reports, actionable insights, and analytic services to businesses, which uses its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and mitigate fraud risk.