Cinctive Capital Management LP Invests $3.03 Million in TransUnion (NYSE:TRU)

Cinctive Capital Management LP bought a new stake in TransUnion (NYSE:TRU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 32,712 shares of the business services provider's stock, valued at approximately $3,033,000.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP increased its stake in TransUnion by 52.5% in the 4th quarter. Wellington Management Group LLP now owns 6,749,849 shares of the business services provider's stock valued at $625,779,000 after buying an additional 2,323,339 shares during the period. Norges Bank purchased a new stake in shares of TransUnion in the fourth quarter valued at about $180,011,000. William Blair Investment Management LLC increased its stake in shares of TransUnion by 30.6% during the fourth 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 during the period. Massachusetts Financial Services Co. MA raised its holdings in TransUnion by 1.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 19,540,131 shares of the business services provider's stock worth $1,811,566,000 after purchasing an additional 359,569 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in TransUnion by 7.4% in the fourth quarter. Van ECK Associates Corp now owns 5,139,607 shares of the business services provider's stock valued at $476,493,000 after purchasing an additional 356,306 shares during the period.

Wall Street Analyst Weigh In

TRU has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on TransUnion from $135.00 to $126.00 and set an "overweight" rating on the stock in a research report on Friday, January 10th. UBS Group lifted their price target on TransUnion from $102.00 to $104.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. William Blair reiterated an "outperform" rating on shares of TransUnion in a research report on Monday, March 24th. Oppenheimer decreased their target price on shares of TransUnion from $115.00 to $112.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of TransUnion in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, TransUnion has a consensus rating of "Moderate Buy" and an average target price of $112.54.

Remove Ads

Insider Activity at TransUnion

In other TransUnion news, EVP Venkat Achanta sold 1,821 shares of the firm'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 of the company's stock, valued at $10,095,112.82. This trade represents a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $83.31, for a total transaction of $83,310.00. Following the sale, the insider now owns 77,393 shares of the company's stock, valued at approximately $6,447,610.83. This trade represents a 1.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,021 shares of company stock valued at $372,751 over the last quarter. Insiders own 0.22% of the company's stock.

TransUnion Price Performance

NYSE TRU traded up $2.61 during trading hours on Tuesday, reaching $73.25. The company's stock had a trading volume of 1,009,990 shares, compared to its average volume of 1,639,653. 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 stock has a market cap of $14.29 billion, a PE ratio of 50.21, a PEG ratio of 1.18 and a beta of 1.67. The company's 50-day moving average is $89.57 and its two-hundred day moving average is $96.18. TransUnion has a fifty-two week low of $66.07 and a fifty-two week high of $113.17.

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

TransUnion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were given a $0.115 dividend. This is an increase from TransUnion's previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, February 27th. TransUnion's dividend payout ratio is currently 31.51%.

TransUnion announced that its Board of Directors has approved a share 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 buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

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.