Handelsbanken Fonder AB Buys 3,443 Shares of TransUnion (NYSE:TRU)

Handelsbanken Fonder AB grew its position in TransUnion (NYSE:TRU) by 10.2% in the fourth quarter, Holdings Channel reports. The fund owned 37,355 shares of the business services provider’s stock after acquiring an additional 3,443 shares during the quarter. Handelsbanken Fonder AB’s holdings in TransUnion were worth $3,463,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TRU. Ieq Capital LLC raised its position in TransUnion by 399.1% in the fourth quarter. Ieq Capital LLC now owns 34,180 shares of the business services provider’s stock valued at $3,169,000 after purchasing an additional 27,331 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of TransUnion in the fourth quarter valued at approximately $51,000. Venturi Wealth Management LLC increased its stake in shares of TransUnion by 617.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,737 shares of the business services provider’s stock valued at $161,000 after buying an additional 1,495 shares during the period. Truist Financial Corp raised its holdings in TransUnion by 29.1% in the 4th quarter. Truist Financial Corp now owns 24,326 shares of the business services provider’s stock valued at $2,255,000 after buying an additional 5,479 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in TransUnion by 13.9% during the 4th quarter. CIBC Asset Management Inc now owns 7,815 shares of the business services provider’s stock worth $725,000 after buying an additional 956 shares during the period.

Analysts Set New Price Targets

Several brokerages have issued reports on TRU. Jefferies Financial Group decreased their price target on shares of TransUnion from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Oppenheimer decreased their target price on shares of TransUnion from $115.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Needham & Company LLC reissued a “hold” rating on shares of TransUnion in a research note on Friday, February 14th. Morgan Stanley dropped their price target on TransUnion from $130.00 to $127.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company cut their price objective on shares of TransUnion from $135.00 to $126.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $111.64.

Insider Buying and Selling at TransUnion

In other news, insider Steven M. Chaouki sold 1,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $100.73, for a total transaction of $151,095.00. Following the completion of the transaction, the insider now directly owns 60,488 shares of the company’s stock, valued at $6,092,956.24. This represents a 2.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd C. Skinner sold 3,090 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $101.48, for a total value of $313,573.20. Following the completion of the sale, the insider now owns 24,333 shares in the company, valued at approximately $2,469,312.84. The trade was a 11.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,590 shares of company stock worth $654,218 in the last quarter. 0.22% of the stock is currently owned by company insiders.

TransUnion Price Performance

Shares of NYSE:TRU opened at $91.75 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.18. The stock has a market cap of $17.90 billion, a PE ratio of 62.84, a price-to-earnings-growth ratio of 1.18 and a beta of 1.63. The stock’s fifty day simple moving average is $94.86 and its two-hundred day simple moving average is $98.35. TransUnion has a 1-year low of $66.07 and a 1-year high of $113.17.

TransUnion (NYSE:TRU) 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). TransUnion had a net margin of 6.80% and a return on equity of 15.85%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. As a group, analysts forecast that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 27th will be given a $0.115 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.46 annualized dividend and a yield of 0.50%. This is a boost from TransUnion’s previous quarterly dividend of $0.11. TransUnion’s payout ratio is currently 31.51%.

TransUnion declared that its board has approved a share buyback program 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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.