Quantbot Technologies LP Acquires Shares of 24,475 TransUnion (NYSE:TRU)

Quantbot Technologies LP bought a new stake in shares of TransUnion (NYSE:TRU - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,475 shares of the business services provider's stock, valued at approximately $2,269,000.

Several other hedge funds have also bought and sold shares of TRU. Natixis Advisors LLC grew its holdings in TransUnion by 1.8% during the 3rd quarter. Natixis Advisors LLC now owns 23,095 shares of the business services provider's stock valued at $2,418,000 after buying an additional 399 shares in the last quarter. Quest Partners LLC grew its stake in TransUnion by 45.5% during the third quarter. Quest Partners LLC now owns 3,204 shares of the business services provider's stock valued at $335,000 after acquiring an additional 1,002 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in TransUnion in the 3rd quarter valued at $1,002,000. Charles Schwab Investment Management Inc. lifted its stake in TransUnion by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,692 shares of the business services provider's stock worth $70,954,000 after purchasing an additional 16,445 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its holdings in shares of TransUnion by 61.1% during the 3rd quarter. Raymond James Trust N.A. now owns 5,003 shares of the business services provider's stock valued at $524,000 after purchasing an additional 1,898 shares during the last quarter.

TransUnion Stock Down 1.3 %

Shares of NYSE TRU traded down $1.07 during trading hours on Thursday, hitting $84.63. 1,399,034 shares of the stock were exchanged, compared to its average volume of 1,555,401. The firm has a fifty day moving average price of $92.18 and a 200-day moving average price of $97.32. 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 12 month low of $66.07 and a 12 month high of $113.17. The company has a market cap of $16.51 billion, a PE ratio of 57.96, a PEG ratio of 1.18 and a beta of 1.70.

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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 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. On average, sell-side analysts expect that TransUnion will post 3.99 EPS for the current year.

TransUnion declared that its board has authorized a share repurchase program on Thursday, February 13th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the business services provider to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

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. This represents a $0.46 annualized dividend and a yield of 0.54%. The ex-dividend date was Thursday, February 27th. This is an increase from TransUnion's previous quarterly dividend of $0.11. TransUnion's dividend payout ratio is 31.51%.

Insider Transactions at TransUnion

In other TransUnion news, EVP Venkat Achanta sold 1,821 shares of the 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 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 is accessible through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $95.95, for a total value of $95,950.00. Following the completion of the transaction, the insider now directly owns 58,488 shares of the company's stock, valued at approximately $5,611,923.60. This trade represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,021 shares of company stock worth $383,041 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TRU has been the topic of several recent research reports. Needham & Company LLC restated a "hold" rating on shares of TransUnion in a research report on Friday, February 14th. Morgan Stanley reduced their target price on shares of TransUnion from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Oppenheimer cut their price target on shares of TransUnion from $115.00 to $112.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. UBS Group boosted their price objective on TransUnion from $102.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, William Blair reissued an "outperform" rating on shares of TransUnion in a research report on Monday. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $114.08.

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.