Point72 Hong Kong Ltd Invests $1.68 Million in TransUnion (NYSE:TRU)

Point72 Hong Kong Ltd acquired a new position in shares of TransUnion (NYSE:TRU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,151 shares of the business services provider's stock, valued at approximately $1,683,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Quantinno Capital Management LP boosted its position in shares of TransUnion by 42.7% during the 4th quarter. Quantinno Capital Management LP now owns 28,898 shares of the business services provider's stock worth $2,679,000 after purchasing an additional 8,644 shares during the period. Nissay Asset Management Corp Japan ADV raised its holdings in shares of TransUnion by 0.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 23,697 shares of the business services provider's stock valued at $2,220,000 after purchasing an additional 203 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of TransUnion by 4.8% in the 4th quarter. Nuveen Asset Management LLC now owns 527,805 shares of the business services provider's stock valued at $48,933,000 after purchasing an additional 24,354 shares in the last quarter. OMERS ADMINISTRATION Corp raised its holdings in shares of TransUnion by 20.6% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,064 shares of the business services provider's stock valued at $748,000 after purchasing an additional 1,377 shares in the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in TransUnion during the 4th quarter worth $900,000.

Analyst Upgrades and Downgrades

TRU has been the topic of several research analyst reports. 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. Stifel Nicolaus dropped their price target 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. Bank of America initiated coverage on shares of TransUnion in a research report on Thursday, April 10th. They set an "underperform" rating and a $84.00 target price on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of TransUnion in a report on Friday, February 14th. Finally, Barclays reduced their price target on shares of TransUnion from $105.00 to $85.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, TransUnion currently has a consensus rating of "Moderate Buy" and an average price target of $109.38.

TransUnion Trading Down 5.7%

Shares of TransUnion stock traded down $5.17 during trading hours on Wednesday, hitting $85.23. The company's stock had a trading volume of 2,646,666 shares, compared to its average volume of 1,933,895. The business has a fifty day moving average of $81.80 and a 200 day moving average of $90.84. The company has a market capitalization of $16.63 billion, a PE ratio of 58.37, a P/E/G ratio of 1.18 and a beta of 1.67. TransUnion has a 1-year low of $66.38 and a 1-year high of $113.17. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.18.

TransUnion (NYSE:TRU - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.07. The business 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%. The business's revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. As a group, equities analysts forecast that TransUnion will post 3.99 EPS for the current year.

TransUnion Dividend Announcement

The business 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 dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.46 dividend on an annualized basis and a yield of 0.54%. TransUnion's dividend payout ratio (DPR) is 24.47%.

TransUnion declared that its Board of Directors has initiated a stock buyback program 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 shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at TransUnion

In other TransUnion news, EVP Venkat Achanta sold 1,821 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total transaction of $174,342.54. Following the sale, the executive vice president now directly owns 105,443 shares in the company, valued at approximately $10,095,112.82. The trade was a 1.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the business's 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. This trade represents a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,021 shares of company stock worth $359,761. 0.22% of the stock is currently owned by insiders.

TransUnion 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.