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

Point72 Europe London LLP lifted its position in TransUnion (NYSE:TRU) by 64.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 100,800 shares of the business services provider’s stock after acquiring an additional 39,600 shares during the period. Point72 Europe London LLP’s holdings in TransUnion were worth $9,345,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in TransUnion by 52.5% in the fourth 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 during the last quarter. Norges Bank bought a new stake in TransUnion during the 4th quarter valued at about $180,011,000. William Blair Investment Management LLC grew its stake in TransUnion by 30.6% in 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 acquiring an additional 789,497 shares in the last quarter. FMR LLC increased its position in shares of TransUnion by 11.1% during the fourth quarter. FMR LLC now owns 5,044,865 shares of the business services provider’s stock worth $467,709,000 after acquiring an additional 503,969 shares during the period. Finally, Independent Franchise Partners LLP raised its stake in shares of TransUnion by 22.0% during the fourth quarter. Independent Franchise Partners LLP now owns 2,086,050 shares of the business services provider’s stock valued at $193,398,000 after acquiring an additional 375,736 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TRU shares. Oppenheimer lifted their target price on TransUnion from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. UBS Group lifted their price objective on TransUnion from $102.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Barclays lowered their price objective on shares of TransUnion from $105.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Wells Fargo & Company cut their target price on shares of TransUnion from $130.00 to $117.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Finally, Needham & Company LLC restated a “hold” rating on shares of TransUnion in a report on Friday, February 14th. One research 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 data from MarketBeat.com, TransUnion currently has an average rating of “Moderate Buy” and a consensus price target of $109.38.

Insider Transactions at TransUnion

In other TransUnion news, EVP Venkat Achanta sold 1,821 shares of TransUnion stock in a transaction dated 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 owns 105,443 shares in the company, valued at approximately $10,095,112.82. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $82.96, for a total value of $82,960.00. Following the sale, the insider now directly owns 76,393 shares in the company, valued at approximately $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. Insiders sold a total of 4,021 shares of company stock worth $359,761 over the last three months. 0.22% of the stock is currently owned by insiders.

TransUnion Stock Performance

Shares of TransUnion stock opened at $90.74 on Thursday. The company has a 50 day moving average price of $81.03 and a 200 day moving average price of $91.21. The firm has a market capitalization of $17.70 billion, a P/E ratio of 62.15, a PEG ratio of 1.18 and a beta of 1.67. 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 has a 52 week low of $66.38 and a 52 week high of $113.17.

TransUnion (NYSE:TRU) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.07. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business posted $0.92 EPS. TransUnion’s revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts expect that TransUnion will post 3.99 EPS for the current year.

TransUnion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Thursday, May 22nd will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, May 22nd. TransUnion’s payout ratio is 24.47%.

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

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.