Point72 Asset Management L.P. Purchases New Holdings in TransUnion (NYSE:TRU)

Point72 Asset Management L.P. bought a new position in shares of TransUnion (NYSE:TRU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 and other institutional investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its position in shares of TransUnion by 1.9% during the 4th 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 acquiring an additional 359,569 shares during the period. Vanguard Group Inc. lifted its position in TransUnion by 1.4% during 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 buying an additional 241,019 shares in the last quarter. Wellington Management Group LLP raised 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 valued at $625,779,000 after buying an additional 2,323,339 shares during the period. Van ECK Associates Corp lifted its holdings in 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 worth $476,493,000 after buying an additional 356,306 shares in the last quarter. Finally, FMR LLC grew 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 purchasing an additional 503,969 shares in the last quarter.

Insiders Place Their Bets

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $82.96, for a total value of $82,960.00. Following the transaction, the insider now owns 76,393 shares of the company's stock, valued at approximately $6,337,563.28. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Venkat Achanta sold 1,821 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $10,095,112.82. This trade represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,021 shares of company stock worth $359,761. Company insiders own 0.22% of the company's stock.

TransUnion Price Performance

Shares of TRU stock traded up $0.05 during trading hours on Monday, reaching $91.94. 1,348,103 shares of the company were exchanged, compared to its average volume of 1,666,448. The stock's fifty day moving average is $81.60 and its two-hundred day moving average is $90.85. The company has a market cap of $17.94 billion, a price-to-earnings ratio of 62.97, 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. 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 issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.98 by $0.07. The company had revenue of $1.10 billion during 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 in the previous year, the company earned $0.92 EPS. Sell-side analysts forecast that TransUnion will post 3.99 earnings per share for the current fiscal year.

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

TransUnion Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TRU. Bank of America began coverage on TransUnion in a research note on Thursday, April 10th. They set an "underperform" rating and a $84.00 price objective on the stock. William Blair reaffirmed an "outperform" rating on shares of TransUnion in a research note on Monday, March 24th. Stifel Nicolaus dropped their target price on TransUnion from $120.00 to $112.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Morgan Stanley decreased their target price on TransUnion from $130.00 to $127.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. Finally, Needham & Company LLC restated a "hold" rating on shares of TransUnion in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.