Envestnet Portfolio Solutions Inc. Buys 3,774 Shares of TransUnion (NYSE:TRU)

Envestnet Portfolio Solutions Inc. lifted its stake in shares of TransUnion (NYSE:TRU) by 35.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,317 shares of the business services provider’s stock after acquiring an additional 3,774 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in TransUnion were worth $1,327,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its position in TransUnion by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 700,518 shares of the business services provider’s stock worth $64,945,000 after purchasing an additional 22,826 shares during the period. FMR LLC boosted its holdings 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 worth $475,432,000 after buying an additional 3,427,199 shares during the period. Captrust Financial Advisors acquired a new position in TransUnion in the 3rd quarter valued at $892,000. Jones Financial Companies Lllp raised its holdings in TransUnion by 62.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,097 shares of the business services provider’s stock worth $194,000 after acquiring an additional 803 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in TransUnion by 22.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 26,308 shares of the business services provider’s stock worth $2,439,000 after acquiring an additional 4,743 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group dropped their price objective on TransUnion from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Oppenheimer cut their price target on TransUnion from $115.00 to $112.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. William Blair reissued an “outperform” rating on shares of TransUnion in a research report on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a research report on Friday, February 14th. Finally, Morgan Stanley decreased their price target on shares of TransUnion from $130.00 to $127.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, TransUnion has an average rating of “Moderate Buy” and an average target price of $111.64.

Insider Activity at TransUnion

In related news, insider Steven M. Chaouki sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 58,488 shares of the company’s stock, valued at $5,611,923.60. This trade represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Venkat Achanta sold 1,821 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total value of $174,342.54. Following the transaction, the executive vice president now directly owns 105,443 shares in the company, valued at approximately $10,095,112.82. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,021 shares of company stock valued at $383,041 over the last ninety days. 0.22% of the stock is owned by insiders.

TransUnion Trading Up 0.2 %

Shares of TransUnion stock opened at $85.41 on Friday. TransUnion has a 12-month low of $66.07 and a 12-month high of $113.17. The stock has a market capitalization of $16.66 billion, a P/E ratio of 58.50, a price-to-earnings-growth ratio of 1.18 and a beta of 1.70. The company has a 50-day simple moving average of $92.42 and a 200 day simple moving average of $97.48. 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 (NYSE:TRU) last posted 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). The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. TransUnion had a net margin of 6.80% and a return on equity of 15.85%. Research analysts expect that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion Increases Dividend

The firm 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. 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. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.54%. TransUnion’s dividend payout ratio (DPR) is 31.51%.

TransUnion declared that its Board of Directors has initiated a stock repurchase plan 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 plans are usually a sign that the company’s leadership believes its stock is undervalued.

About TransUnion

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.