Mirabaud Asset Management Ltd Acquires 10,772 Shares of TransUnion (NYSE:TRU)

Mirabaud Asset Management Ltd lifted its position in shares of TransUnion (NYSE:TRU - Free Report) by 16.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,844 shares of the business services provider's stock after purchasing an additional 10,772 shares during the quarter. TransUnion comprises 3.3% of Mirabaud Asset Management Ltd's investment portfolio, making the stock its 12th biggest holding. Mirabaud Asset Management Ltd's holdings in TransUnion were worth $7,127,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of TransUnion by 1.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 19,540,131 shares of the business services provider's stock valued at $1,811,566,000 after buying an additional 359,569 shares in the last quarter. Vanguard Group Inc. boosted its stake in TransUnion by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 18,066,657 shares of the business services provider's stock worth $1,674,960,000 after acquiring an additional 241,019 shares in the last quarter. Wellington Management Group LLP grew its holdings 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 period. Van ECK Associates Corp increased its stake in shares of TransUnion by 7.4% during 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 in the last quarter. Finally, William Blair Investment Management LLC lifted its holdings 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 valued at $312,501,000 after purchasing an additional 789,497 shares during the last quarter.

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TransUnion Stock Performance

TRU traded down $8.44 during midday trading on Thursday, reaching $72.54. The company had a trading volume of 1,790,984 shares, compared to its average volume of 1,671,500. TransUnion has a 1 year low of $66.07 and a 1 year high of $113.17. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. The company has a market cap of $14.15 billion, a P/E ratio of 49.72, a P/E/G ratio of 1.18 and a beta of 1.67. The business has a 50-day moving average of $87.69 and a two-hundred day moving average of $95.47.

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 for the quarter, missing the consensus estimate of $0.97 by ($0.14). The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.03 billion. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. As a group, equities research analysts predict that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were issued a $0.115 dividend. The ex-dividend date was Thursday, February 27th. This is a boost from TransUnion's previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 0.63%. TransUnion's payout ratio is currently 31.51%.

TransUnion announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 13th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

TRU has been the subject of a number of analyst reports. Oppenheimer reduced their price objective on TransUnion from $115.00 to $112.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. UBS Group increased their price target on shares of TransUnion from $102.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Jefferies Financial Group decreased their price objective on shares of TransUnion from $125.00 to $115.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Morgan Stanley reduced their target price on TransUnion from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Finally, William Blair reaffirmed an "outperform" rating on shares of TransUnion in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, TransUnion presently has an average rating of "Moderate Buy" and an average target price of $111.92.

Insider Buying and Selling at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $95.95, for a total value of $95,950.00. Following the sale, the insider now owns 58,488 shares of the company's stock, valued at $5,611,923.60. The trade was a 1.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Venkat Achanta sold 1,821 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $95.74, for a total value of $174,342.54. Following the transaction, the executive vice president now owns 105,443 shares of the company's stock, valued at $10,095,112.82. This represents a 1.70 % 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 valued at $372,751 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

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.