Millennium Management LLC Buys 169,730 Shares of TransUnion (NYSE:TRU)

Millennium Management LLC increased its stake in shares of TransUnion (NYSE:TRU - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,305,821 shares of the business services provider's stock after purchasing an additional 169,730 shares during the period. Millennium Management LLC owned 0.67% of TransUnion worth $121,063,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of TransUnion by 52.5% during 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 buying an additional 2,323,339 shares during the last quarter. Norges Bank acquired a new stake in shares of TransUnion during the 4th quarter worth approximately $180,011,000. William Blair Investment Management LLC increased its holdings in shares of 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 worth $312,501,000 after buying an additional 789,497 shares during the last quarter. FMR LLC increased its holdings in shares of TransUnion by 11.1% during the 4th 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 last quarter. Finally, Independent Franchise Partners LLP increased its holdings in shares of TransUnion by 22.0% during the 4th quarter. Independent Franchise Partners LLP now owns 2,086,050 shares of the business services provider's stock worth $193,398,000 after buying an additional 375,736 shares during the last quarter.

Insider Buying and Selling

In other TransUnion news, EVP Venkat Achanta sold 1,821 shares of TransUnion stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total value 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 $10,095,112.82. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $83.31, for a total transaction of $83,310.00. Following the completion of the sale, the insider now owns 77,393 shares of the company's stock, valued at $6,447,610.83. The trade was a 1.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,021 shares of company stock worth $359,761. 0.22% of the stock is owned by company insiders.

TransUnion Stock Up 0.8%

NYSE TRU traded up $0.75 during trading hours on Friday, reaching $91.96. 1,209,917 shares of the company traded hands, compared to its average volume of 1,668,135. TransUnion has a 12 month low of $66.38 and a 12 month 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. The stock has a market capitalization of $17.94 billion, a PE ratio of 62.99, a PEG ratio of 1.18 and a beta of 1.67. The company has a 50 day moving average of $81.42 and a two-hundred day moving average of $91.06.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 6.80% and a return on equity of 15.85%. TransUnion's revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $0.92 earnings per share. As a group, equities analysts expect that TransUnion will post 3.99 earnings per share for the current year.

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

TransUnion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Thursday, May 22nd. TransUnion's dividend payout ratio is currently 24.47%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Oppenheimer lifted their target price on shares of TransUnion from $93.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Barclays dropped their target price on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Bank of America assumed coverage on shares of TransUnion in a report on Thursday, April 10th. They issued an "underperform" rating and a $84.00 target price for the company. Wells Fargo & Company dropped their target price on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, William Blair reiterated an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. One 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, TransUnion has a consensus rating of "Moderate Buy" and an average target price of $109.38.

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.