CrestPoint Capital Management LLC acquired a new stake in Equifax, Inc. (NYSE:EFX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 5,700 shares of the credit services provider’s stock, valued at approximately $783,000.
A number of other hedge funds and other institutional investors have also modified their holdings of EFX. William Blair Investment Management LLC boosted its stake in Equifax by 99.4% in the first quarter. William Blair Investment Management LLC now owns 1,305,063 shares of the credit services provider’s stock valued at $178,454,000 after buying an additional 650,550 shares during the period. Bank of America Corp DE boosted its stake in Equifax by 3.4% in the first quarter. Bank of America Corp DE now owns 523,024 shares of the credit services provider’s stock valued at $71,519,000 after buying an additional 17,202 shares during the period. Kentucky Retirement Systems purchased a new stake in Equifax during the fourth quarter valued at approximately $1,027,000. Legal & General Group Plc boosted its stake in Equifax by 4.3% in the first quarter. Legal & General Group Plc now owns 575,961 shares of the credit services provider’s stock valued at $78,757,000 after buying an additional 23,905 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Equifax during the first quarter valued at approximately $1,345,000. 89.55% of the stock is currently owned by institutional investors.
Shares of Equifax, Inc. (NYSE:EFX) traded down 0.50% during trading on Friday, reaching $141.35. 351,561 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $141.64 and its 200 day moving average price is $135.59. The firm has a market capitalization of $17.01 billion, a PE ratio of 29.94 and a beta of 0.91. Equifax, Inc. has a 52 week low of $110.87 and a 52 week high of $147.02.
Equifax (NYSE:EFX) last released its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.03. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The firm had revenue of $856.70 million for the quarter, compared to the consensus estimate of $860.48 million. During the same quarter in the prior year, the company posted $1.43 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. Analysts predict that Equifax, Inc. will post $6.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 1.10%. Equifax’s dividend payout ratio is currently 33.05%.
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Several analysts have recently commented on EFX shares. Deutsche Bank AG restated a “buy” rating and issued a $160.00 target price (up previously from $140.00) on shares of Equifax in a research note on Thursday, July 27th. BidaskClub cut shares of Equifax from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Argus assumed coverage on shares of Equifax in a research note on Tuesday, June 13th. They issued a “buy” rating and a $166.00 price objective for the company. Stephens cut shares of Equifax from an “overweight” rating to an “equal weight” rating in a research note on Friday, April 28th. Finally, Zacks Investment Research cut shares of Equifax from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $145.45.
In other Equifax news, insider Joseph Michael Loughran III sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $146.02, for a total transaction of $584,080.00. Following the transaction, the insider now owns 42,723 shares in the company, valued at $6,238,412.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Rodolfo O. Ploder sold 1,719 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $145.70, for a total value of $250,458.30. Following the transaction, the insider now owns 43,648 shares in the company, valued at approximately $6,359,513.60. The disclosure for this sale can be found here. Insiders sold 26,219 shares of company stock worth $3,691,098 in the last 90 days. 1.29% of the stock is currently owned by corporate insiders.
Equifax Company Profile
Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.
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