Point72 Europe London LLP Acquires 39,600 Shares of TransUnion (NYSE:TRU)

Point72 Europe London LLP increased its stake in TransUnion (NYSE:TRU - Free Report) by 64.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 100,800 shares of the business services provider's stock after buying an additional 39,600 shares during the period. Point72 Europe London LLP owned 0.05% of TransUnion worth $9,345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd bought a new position in shares of TransUnion during the fourth quarter valued at $40,000. Huntington National Bank increased its stake in TransUnion by 58.7% during the 4th quarter. Huntington National Bank now owns 454 shares of the business services provider's stock valued at $42,000 after purchasing an additional 168 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of TransUnion in the fourth quarter worth approximately $47,000. Retirement Wealth Solutions LLC purchased a new stake in shares of TransUnion during the fourth quarter valued at approximately $44,000. Finally, Mizuho Bank Ltd. bought a new stake in shares of TransUnion during the fourth quarter valued at approximately $47,000.

Insider Activity at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $83.31, for a total transaction of $83,310.00. Following the completion of the transaction, the insider now owns 77,393 shares in the company, valued at $6,447,610.83. This trade represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Venkat Achanta sold 1,821 shares of TransUnion stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total transaction of $174,342.54. Following the completion of the transaction, the executive vice president now directly owns 105,443 shares of the company's stock, valued at $10,095,112.82. The trade was a 1.70% 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 valued at $359,761. Insiders own 0.22% of the company's stock.

TransUnion Stock Performance

NYSE:TRU opened at $90.74 on Thursday. The stock has a 50-day moving average price of $81.03 and a 200 day moving average price of $91.21. 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 has a 12-month low of $66.38 and a 12-month high of $113.17. The stock has a market capitalization of $17.70 billion, a P/E ratio of 62.15, a P/E/G ratio of 1.18 and a beta of 1.67.

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, topping analysts' consensus estimates of $0.98 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. TransUnion's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. Equities research analysts forecast that TransUnion will post 3.99 EPS for the current fiscal year.

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

TransUnion Dividend Announcement

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 paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Thursday, May 22nd. TransUnion's payout ratio is presently 24.47%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Morgan Stanley reduced their target price on TransUnion from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. 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. UBS Group lifted their price target on shares of TransUnion from $102.00 to $104.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Bank of America assumed coverage on shares of TransUnion in a research report on Thursday, April 10th. They set an "underperform" rating and a $84.00 price objective on the stock. Finally, Jefferies Financial Group dropped their target price on shares of TransUnion from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently 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.

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