Envestnet Asset Management Inc. Increases Stock Holdings in TransUnion (NYSE:TRU)

Envestnet Asset Management Inc. lifted its position in TransUnion (NYSE:TRU - Free Report) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 494,349 shares of the business services provider's stock after purchasing an additional 23,979 shares during the quarter. Envestnet Asset Management Inc. owned about 0.25% of TransUnion worth $41,026,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of TransUnion by 1.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 19,540,131 shares of the business services provider's stock valued at $1,811,566,000 after purchasing an additional 359,569 shares during the period. Vanguard Group Inc. grew its holdings in shares of TransUnion by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 18,066,657 shares of the business services provider's stock valued at $1,674,960,000 after purchasing an additional 241,019 shares during the period. Wellington Management Group LLP boosted its stake in TransUnion by 52.5% during the fourth quarter. Wellington Management Group LLP now owns 6,749,849 shares of the business services provider's stock worth $625,779,000 after buying an additional 2,323,339 shares during the period. FMR LLC boosted its stake in TransUnion by 11.1% during the fourth quarter. FMR LLC now owns 5,044,865 shares of the business services provider's stock worth $467,709,000 after buying an additional 503,969 shares during the period. Finally, William Blair Investment Management LLC boosted its stake in TransUnion by 30.6% during the fourth quarter. William Blair Investment Management LLC now owns 3,370,742 shares of the business services provider's stock worth $312,501,000 after buying an additional 789,497 shares during the period.

TransUnion Stock Down 4.0%

Shares of NYSE:TRU opened at $91.18 on Friday. The firm's 50 day moving average price is $87.71 and its 200 day moving average price is $87.66. The stock has a market cap of $17.79 billion, a price-to-earnings ratio of 48.50, a price-to-earnings-growth ratio of 2.51 and a beta of 1.63. TransUnion has a fifty-two week low of $66.38 and a fifty-two week high of $113.17. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 1.13.

TransUnion (NYSE:TRU - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.07 billion. TransUnion had a net margin of 8.63% and a return on equity of 16.18%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share. As a group, equities research analysts predict that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Thursday, May 22nd were issued a $0.115 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.46 annualized dividend and a yield of 0.50%. TransUnion's dividend payout ratio (DPR) is 24.47%.

Insiders Place Their Bets

In related news, insider Steven M. Chaouki sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $87.14, for a total value of $87,140.00. Following the sale, the insider owned 74,393 shares of the company's stock, valued at $6,482,606.02. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $255,010 over the last 90 days. 0.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TRU has been the subject of several research analyst reports. Oppenheimer set a $108.00 target price on shares of TransUnion and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Wall Street Zen raised shares of TransUnion from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Wells Fargo & Company lowered their target price on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. William Blair reaffirmed an "outperform" rating on shares of TransUnion in a research note on Monday, March 24th. Finally, Bank of America initiated coverage on shares of TransUnion in a research note on Thursday, April 10th. They set an "underperform" rating and a $84.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $110.64.

TransUnion 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.

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