Peak6 LLC Purchases Shares of 17,065 TransUnion (NYSE:TRU)

PEAK6 LLC bought a new stake in TransUnion (NYSE:TRU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,065 shares of the business services provider's stock, valued at approximately $1,582,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in shares of TransUnion by 82.1% in the fourth quarter. Versant Capital Management Inc now owns 428 shares of the business services provider's stock valued at $40,000 after purchasing an additional 193 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in TransUnion in the 4th quarter worth about $40,000. Huntington National Bank grew its holdings in TransUnion by 58.7% in the 4th quarter. Huntington National Bank now owns 454 shares of the business services provider's stock valued at $42,000 after buying an additional 168 shares during the period. Retirement Wealth Solutions LLC acquired a new position in shares of TransUnion during the 4th quarter valued at about $44,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of TransUnion during the 4th quarter worth about $47,000.

TransUnion Stock Up 2.1 %

Shares of TransUnion stock traded up $1.62 during trading hours on Wednesday, hitting $77.18. 2,343,366 shares of the company's stock traded hands, compared to its average volume of 1,679,784. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. TransUnion has a twelve month low of $66.38 and a twelve month high of $113.17. The stock has a 50 day simple moving average of $83.17 and a 200-day simple moving average of $93.39. The company has a market cap of $15.06 billion, a PE ratio of 52.86, a PEG ratio of 1.18 and a beta of 1.67.

TransUnion (NYSE:TRU - Get Free Report) last announced its earnings results 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 business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Equities research analysts anticipate that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 27th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from TransUnion's previous quarterly dividend of $0.11. TransUnion's dividend payout ratio is 31.51%.

TransUnion announced that its Board of Directors has authorized a stock buyback program on Thursday, February 13th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

TRU has been the subject of a number of recent analyst reports. 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 report on Monday, April 14th. William Blair reaffirmed an "outperform" rating on shares of TransUnion in a research report on Monday, March 24th. Oppenheimer lowered their price target on TransUnion from $115.00 to $112.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Morgan Stanley cut their price objective on TransUnion from $130.00 to $127.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of TransUnion in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $111.23.

Insider Buying and Selling

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 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 trade represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven M. Chaouki sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $83.31, for a total value of $83,310.00. Following the transaction, the insider now directly owns 77,393 shares of the company's stock, valued at $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. Over the last three months, insiders sold 4,021 shares of company stock worth $372,751. Corporate insiders own 0.25% of the company's stock.

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.