70,985 Shares in TransUnion (NYSE:TRU) Bought by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ purchased a new position in TransUnion (NYSE:TRU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 70,985 shares of the business services provider's stock, valued at approximately $6,581,000.

A number of other hedge funds also recently bought and sold shares of TRU. Wellington Management Group LLP boosted its stake in TransUnion by 52.5% in the 4th quarter. Wellington Management Group LLP now owns 6,749,849 shares of the business services provider's stock worth $625,779,000 after purchasing an additional 2,323,339 shares in the last quarter. Norges Bank bought a new position in TransUnion in the 4th quarter worth about $180,011,000. Point72 Asset Management L.P. bought a new position in TransUnion in the 4th quarter worth about $74,283,000. William Blair Investment Management LLC lifted its stake in TransUnion by 30.6% during the 4th quarter. William Blair Investment Management LLC now owns 3,370,742 shares of the business services provider's stock valued at $312,501,000 after acquiring an additional 789,497 shares during the period. Finally, FMR LLC lifted its stake in TransUnion by 11.1% during the 4th quarter. FMR LLC now owns 5,044,865 shares of the business services provider's stock valued at $467,709,000 after acquiring an additional 503,969 shares during the period.

TransUnion Stock Performance

TransUnion stock traded up $0.33 during midday trading on Friday, hitting $85.61. The stock had a trading volume of 2,482,670 shares, compared to its average volume of 1,713,206. The firm's fifty day moving average is $81.61 and its two-hundred day moving average is $89.84. The company has a market capitalization of $16.70 billion, a PE ratio of 58.64, a P/E/G ratio of 1.18 and a beta of 1.67. TransUnion has a 52-week low of $66.38 and a 52-week high of $113.17. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.18.

TransUnion (NYSE:TRU - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.07. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm posted $0.92 EPS. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts forecast that TransUnion will post 3.99 EPS for the current year.

TransUnion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Thursday, May 22nd will be paid a $0.115 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $0.46 annualized dividend and a yield of 0.54%. TransUnion's payout ratio is 24.47%.

TransUnion declared that its board has approved a share repurchase plan on Thursday, February 13th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have issued reports on TRU. Barclays lowered their target price on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. William Blair restated an "outperform" rating on shares of TransUnion in a research note on Monday, March 24th. Bank of America began coverage on shares of TransUnion in a research note on Thursday, April 10th. They set an "underperform" rating and a $84.00 target price on the stock. Wells Fargo & Company lowered their target price on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Stifel Nicolaus lowered their target price on shares of TransUnion from $120.00 to $112.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $109.69.

Insiders Place Their Bets

In other news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $82.96, for a total transaction of $82,960.00. Following the completion of the transaction, the insider now directly owns 76,393 shares in the company, valued at approximately $6,337,563.28. This represents a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is currently owned by corporate 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.