Envestnet Asset Management Inc. Increases Stake in TransUnion (NYSE:TRU)

Envestnet Asset Management Inc. boosted its stake in shares of TransUnion (NYSE:TRU - Free Report) by 23.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 470,370 shares of the business services provider's stock after acquiring an additional 90,443 shares during the quarter. Envestnet Asset Management Inc. owned about 0.24% of TransUnion worth $43,608,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its position in TransUnion by 1.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,597 shares of the business services provider's stock valued at $1,261,000 after acquiring an additional 131 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of TransUnion by 14.4% during the fourth quarter. GAMMA Investing LLC now owns 1,094 shares of the business services provider's stock valued at $101,000 after buying an additional 138 shares during the period. Yousif Capital Management LLC grew its stake in shares of TransUnion by 4.0% during the fourth quarter. Yousif Capital Management LLC now owns 3,608 shares of the business services provider's stock valued at $334,000 after buying an additional 139 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of TransUnion by 5.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,642 shares of the business services provider's stock worth $245,000 after acquiring an additional 139 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in TransUnion by 28.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 733 shares of the business services provider's stock valued at $68,000 after acquiring an additional 164 shares during the period.

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Insider Buying and Selling

In related news, EVP Venkat Achanta sold 1,821 shares of the firm's 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 sale, the executive vice president now directly owns 105,443 shares of the company's stock, valued at approximately $10,095,112.82. This trade represents a 1.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven M. Chaouki sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $83.31, for a total transaction of $83,310.00. Following the completion of the transaction, the insider now directly owns 77,393 shares in the company, valued at $6,447,610.83. The trade was a 1.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,021 shares of company stock worth $372,751. Company insiders own 0.22% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TRU shares. Wells Fargo & Company lowered their target price on shares of TransUnion from $130.00 to $117.00 and set an "overweight" rating for the company in a research note on Monday. Bank of America initiated coverage on TransUnion in a report on Thursday, April 10th. They issued an "underperform" rating and a $84.00 target price for the company. UBS Group upped their price target on shares of TransUnion from $102.00 to $104.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. William Blair reissued an "outperform" rating on shares of TransUnion in a research note on Monday, March 24th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of TransUnion in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $111.23.

TransUnion Price Performance

Shares of TRU stock traded up $0.08 during trading hours on Tuesday, reaching $74.86. The company had a trading volume of 1,157,329 shares, compared to its average volume of 1,692,170. TransUnion has a 12-month low of $66.07 and a 12-month high of $113.17. The company has a market capitalization of $14.61 billion, a price-to-earnings ratio of 51.27, a PEG ratio of 1.18 and a beta of 1.67. 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 fifty day moving average of $86.28 and a 200-day moving average of $94.75.

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

TransUnion declared that its board has initiated a stock buyback 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 reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

TransUnion Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.61%. This is a positive change from TransUnion's previous quarterly dividend of $0.11. The ex-dividend date was Thursday, February 27th. TransUnion's dividend payout ratio is presently 31.51%.

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.