Assetmark Inc. Boosts Stock Position in TransUnion (NYSE:TRU)

Assetmark Inc. boosted its position in shares of TransUnion (NYSE:TRU - Free Report) by 64.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,006 shares of the business services provider's stock after buying an additional 83,300 shares during the period. Assetmark Inc. owned approximately 0.11% of TransUnion worth $19,655,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in TransUnion by 17.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 19,180,562 shares of the business services provider's stock valued at $2,008,205,000 after acquiring an additional 2,840,800 shares during the last quarter. Van ECK Associates Corp increased its position in TransUnion by 7.4% during 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 purchasing an additional 356,306 shares in the last quarter. FMR LLC lifted its stake in TransUnion by 307.7% in the 3rd quarter. FMR LLC now owns 4,540,896 shares of the business services provider's stock valued at $475,432,000 after purchasing an additional 3,427,199 shares during the last quarter. Wellington Management Group LLP boosted its position in TransUnion by 16.8% in the third quarter. Wellington Management Group LLP now owns 4,426,510 shares of the business services provider's stock valued at $463,456,000 after buying an additional 635,581 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in TransUnion by 2.4% in the third quarter. Janus Henderson Group PLC now owns 3,154,262 shares of the business services provider's stock valued at $330,251,000 after buying an additional 75,410 shares in the last quarter.

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Insider Buying and Selling at TransUnion

In related news, EVP Venkat Achanta sold 1,821 shares of the company's 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 sale, the executive vice president now owns 105,443 shares in the company, valued at approximately $10,095,112.82. This represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $95.95, for a total value of $95,950.00. Following the transaction, the insider now owns 58,488 shares in the company, valued at approximately $5,611,923.60. This trade represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,021 shares of company stock valued at $383,041. Corporate insiders own 0.22% of the company's stock.

TransUnion Trading Down 6.3 %

Shares of NYSE:TRU traded down $5.48 during midday trading on Monday, reaching $80.99. The company's stock had a trading volume of 4,045,234 shares, compared to its average volume of 1,534,884. TransUnion has a fifty-two week low of $66.07 and a fifty-two week high of $113.17. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a 50 day moving average price of $93.97 and a two-hundred day moving average price of $98.40. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 55.47, a PEG ratio of 1.18 and a beta of 1.70.

TransUnion (NYSE:TRU - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.14). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. As a group, analysts forecast that TransUnion will post 3.99 earnings per share for the current year.

TransUnion declared that its board has authorized a stock repurchase program on Thursday, February 13th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

TransUnion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.115 per share. This is an increase from TransUnion's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.46 annualized dividend and a yield of 0.57%. TransUnion's dividend payout ratio is presently 31.51%.

Wall Street Analyst Weigh In

TRU has been the topic of a number of research reports. William Blair restated an "outperform" rating on shares of TransUnion in a research report on Friday, February 14th. Oppenheimer lowered their price objective on TransUnion from $115.00 to $112.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Needham & Company LLC reiterated a "hold" rating on shares of TransUnion in a research report on Friday, February 14th. UBS Group upped their price target on shares of TransUnion from $102.00 to $104.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price target on shares of TransUnion from $135.00 to $126.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, TransUnion has a consensus rating of "Moderate Buy" and a consensus price target of $111.64.

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.