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

Handelsbanken Fonder AB grew its stake in TransUnion (NYSE:TRU) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 quarter.

A number of other hedge funds have also modified their holdings of the company. Ieq Capital LLC increased its stake 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 in the last quarter. Kestra Investment Management LLC bought a new stake in shares of TransUnion in the 4th quarter valued at $51,000. Venturi Wealth Management LLC lifted its holdings in TransUnion by 617.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,737 shares of the business services provider’s stock worth $161,000 after acquiring an additional 1,495 shares in the last quarter. Truist Financial Corp grew its stake in TransUnion by 29.1% in the fourth quarter. Truist Financial Corp now owns 24,326 shares of the business services provider’s stock valued at $2,255,000 after acquiring an additional 5,479 shares during the period. Finally, CIBC Asset Management Inc increased its holdings in shares of TransUnion by 13.9% in the fourth quarter. CIBC Asset Management Inc now owns 7,815 shares of the business services provider’s stock worth $725,000 after acquiring an additional 956 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TRU shares. Wells Fargo & Company decreased their price objective on TransUnion from $135.00 to $126.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Jefferies Financial Group reduced their price target on shares of TransUnion from $125.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Needham & Company LLC restated a “hold” rating on shares of TransUnion in a 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 for the company in a research note on Tuesday, January 28th. Finally, UBS Group lifted their price target on TransUnion from $102.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $111.64.

Insider Activity at TransUnion

In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $93.60, for a total value of $93,600.00. Following the transaction, the insider now directly owns 59,488 shares of the company’s stock, valued at $5,568,076.80. This represents a 1.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Todd C. Skinner sold 3,090 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $101.48, for a total value of $313,573.20. Following the sale, the insider now owns 24,333 shares of the company’s stock, valued at approximately $2,469,312.84. This represents a 11.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,590 shares of company stock worth $654,218. Company insiders own 0.22% of the company’s stock.

TransUnion Stock Performance

NYSE TRU opened at $91.75 on Monday. The firm has a market capitalization of $17.90 billion, a P/E ratio of 62.84, a price-to-earnings-growth ratio of 1.18 and a beta of 1.63. 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 firm’s fifty day moving average price is $94.86 and its two-hundred day moving average price is $98.35. TransUnion has a 1 year low of $66.07 and a 1 year high of $113.17.

TransUnion (NYSE:TRU) last issued 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 firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. As a group, research analysts anticipate that TransUnion will post 3.99 EPS for the current year.

TransUnion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 27th will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is 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 0.50%. TransUnion’s payout ratio is presently 31.51%.

TransUnion announced that its board has authorized a stock buyback program on Thursday, February 13th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management 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.