Proficio Capital Partners LLC Buys New Holdings in TransUnion (NYSE:TRU)

Proficio Capital Partners LLC purchased a new position in TransUnion (NYSE:TRU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 48,503 shares of the business services provider's stock, valued at approximately $49,000.

Other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its position in shares of TransUnion by 307.7% during the 3rd quarter. FMR LLC now owns 4,540,896 shares of the business services provider's stock valued at $475,432,000 after buying an additional 3,427,199 shares in the last quarter. Wellington Management Group LLP lifted its holdings in TransUnion by 16.8% during 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 purchasing an additional 635,581 shares in the last quarter. Van ECK Associates Corp grew its position in shares of 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. Principal Financial Group Inc. increased its stake in shares of TransUnion by 1,428.4% during the third quarter. Principal Financial Group Inc. now owns 226,771 shares of the business services provider's stock worth $23,743,000 after purchasing an additional 211,934 shares in the last quarter. Finally, KBC Group NV raised its position in shares of TransUnion by 317.6% during the 4th quarter. KBC Group NV now owns 260,007 shares of the business services provider's stock worth $24,105,000 after purchasing an additional 197,744 shares during the last quarter.

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Insiders Place Their Bets

In other news, EVP Venkat Achanta sold 1,821 shares of the firm's 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 completion of the transaction, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven M. Chaouki sold 1,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $95.95, for a total transaction of $95,950.00. Following the sale, the insider now directly owns 58,488 shares in the company, valued at approximately $5,611,923.60. The trade was a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,021 shares of company stock worth $383,041 over the last ninety days. Corporate insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TRU shares. Wells Fargo & Company cut their price objective on TransUnion from $135.00 to $126.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. UBS Group boosted their price target on TransUnion from $102.00 to $104.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Jefferies Financial Group decreased their price objective on TransUnion from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Morgan Stanley dropped their target price on shares of 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 reissued an "outperform" rating on shares of TransUnion in a research note on Monday, March 24th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $114.08.

TransUnion Trading Up 1.0 %

TRU traded up $0.80 during trading hours on Monday, reaching $83.05. The company's stock had a trading volume of 2,347,912 shares, compared to its average volume of 1,604,803. The stock has a market cap of $16.20 billion, a PE ratio of 56.88, a P/E/G ratio of 1.18 and a beta of 1.70. 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 current ratio of 1.70 and a quick ratio of 1.70. The business's 50-day moving average is $91.72 and its 200-day moving average is $97.14.

TransUnion (NYSE:TRU - Get Free Report) last released its quarterly earnings results 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). The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.03 billion. TransUnion had a return on equity of 15.85% and a net margin of 6.80%. As a group, equities research analysts predict that TransUnion will post 3.99 earnings per share for the current fiscal year.

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

TransUnion Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were given a $0.115 dividend. This is a positive change from TransUnion's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.46 dividend on an annualized basis and a yield of 0.55%. TransUnion's payout ratio is presently 31.51%.

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.