Point72 Asset Management L.P. Makes New Investment in TransUnion (NYSE:TRU)

Point72 Asset Management L.P. bought a new stake in TransUnion (NYSE:TRU - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 801,236 shares of the business services provider's stock, valued at approximately $74,283,000. Point72 Asset Management L.P. owned approximately 0.41% of TransUnion as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of TRU. Massachusetts Financial Services Co. MA increased its position in shares of TransUnion by 1.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 19,540,131 shares of the business services provider's stock worth $1,811,566,000 after acquiring an additional 359,569 shares in the last quarter. Vanguard Group Inc. boosted its stake in TransUnion by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 18,066,657 shares of the business services provider's stock worth $1,674,960,000 after purchasing an additional 241,019 shares during the period. Wellington Management Group LLP increased its holdings in 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 purchasing an additional 2,323,339 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of TransUnion by 7.4% in the 4th quarter. Van ECK Associates Corp now owns 5,139,607 shares of the business services provider's stock valued at $476,493,000 after purchasing an additional 356,306 shares during the period. Finally, FMR LLC lifted its holdings in shares of TransUnion by 11.1% in the fourth quarter. FMR LLC now owns 5,044,865 shares of the business services provider's stock valued at $467,709,000 after purchasing an additional 503,969 shares in the last quarter.

Insider Buying and Selling at TransUnion

In related news, EVP Venkat Achanta sold 1,821 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total value of $174,342.54. Following the transaction, the executive vice president now owns 105,443 shares in the company, valued at approximately $10,095,112.82. This trade represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.96, for a total transaction of $82,960.00. Following the sale, the insider now owns 76,393 shares in the company, valued at $6,337,563.28. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,021 shares of company stock valued at $359,761 in the last quarter. Company insiders own 0.22% of the company's stock.

TransUnion Stock Performance

TRU traded down $6.78 on Wednesday, reaching $83.61. The company had a trading volume of 2,843,504 shares, compared to its average volume of 1,675,243. The company's fifty day moving average is $81.80 and its 200 day moving average is $90.84. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market cap of $16.31 billion, a P/E ratio of 57.37, a P/E/G ratio of 1.18 and a beta of 1.67. TransUnion has a fifty-two week low of $66.38 and a fifty-two week high of $113.17.

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

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

TransUnion Announces Dividend

The firm also recently disclosed 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. This represents a $0.46 annualized dividend and a yield of 0.55%. The ex-dividend date is Thursday, May 22nd. TransUnion's dividend payout ratio (DPR) is 24.47%.

Analyst Ratings Changes

Several research firms have commented on TRU. Barclays cut their target price on TransUnion from $105.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Morgan Stanley decreased their target price on shares of TransUnion from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. UBS Group boosted their price target on shares of TransUnion from $102.00 to $104.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. William Blair restated an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of TransUnion in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, TransUnion currently has an average rating of "Moderate Buy" and a consensus target price of $109.38.

About TransUnion

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.