Point72 Hong Kong Ltd lowered its holdings in shares of TransUnion (NYSE:TRU) by 18.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,971 shares of the business services provider’s stock after selling 664 shares during the period. Point72 Hong Kong Ltd’s holdings in TransUnion were worth $254,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Oxford Asset Management LLP grew its position in shares of TransUnion by 567.6% during the 4th quarter. Oxford Asset Management LLP now owns 87,946 shares of the business services provider’s stock worth $7,529,000 after buying an additional 74,773 shares during the period. Worldquant Millennium Advisors LLC bought a new stake in TransUnion in the third quarter valued at $3,969,000. Virtu Financial LLC acquired a new position in shares of TransUnion during the third quarter valued at about $835,000. State of Michigan Retirement System acquired a new position in shares of TransUnion during the fourth quarter valued at about $14,982,000. Finally, Bank of America Corp DE raised its holdings in shares of TransUnion by 3.3% during the fourth quarter. Bank of America Corp DE now owns 1,481,165 shares of the business services provider’s stock valued at $126,803,000 after purchasing an additional 46,700 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.
TRU traded up $4.93 during midday trading on Thursday, reaching $70.70. 2,746,077 shares of the company were exchanged, compared to its average volume of 1,557,186. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 1.67 and a beta of 0.92. TransUnion has a one year low of $52.50 and a one year high of $101.16. The company’s fifty day moving average price is $85.32 and its 200 day moving average price is $85.04. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.55 and a current ratio of 1.55.
TransUnion (NYSE:TRU) last announced its earnings results on Tuesday, February 18th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.05. The company had revenue of $686.00 million for the quarter, compared to analysts’ expectations of $674.23 million. TransUnion had a return on equity of 22.88% and a net margin of 13.06%. TransUnion’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share. As a group, sell-side analysts anticipate that TransUnion will post 2.86 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Thursday, March 12th. TransUnion’s dividend payout ratio is 11.76%.
A number of analysts recently commented on the company. Stifel Nicolaus boosted their target price on TransUnion from $96.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. SunTrust Banks boosted their price objective on TransUnion from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Jefferies Financial Group began coverage on TransUnion in a research report on Wednesday, November 27th. They set a “hold” rating and a $86.00 target price on the stock. Robert W. Baird cut TransUnion from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $109.00 to $76.00 in a report on Friday, March 13th. Finally, Zacks Investment Research cut TransUnion from a “hold” rating to a “sell” rating and set a $110.00 target price on the stock. in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. TransUnion has an average rating of “Buy” and a consensus price target of $97.90.
In related news, insider David M. Neenan sold 37,948 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $81.50, for a total transaction of $3,092,762.00. Following the completion of the sale, the insider now owns 226,698 shares in the company, valued at $18,475,887. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David E. Wojczynski sold 9,053 shares of TransUnion stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $100.00, for a total transaction of $905,300.00. Following the completion of the sale, the insider now directly owns 35,357 shares in the company, valued at approximately $3,535,700. The disclosure for this sale can be found here. Insiders have sold a total of 88,653 shares of company stock worth $7,944,382 over the last ninety days. Insiders own 0.92% of the company’s stock.
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.
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