Checchi Capital Advisers LLC raised its position in Equifax Inc. (NYSE:EFX – Get Rating) by 12.1% during the second quarter, Holdings Channel reports. The firm owned 1,246 shares of the credit services provider’s stock after purchasing an additional 134 shares during the period. Checchi Capital Advisers LLC’s holdings in Equifax were worth $260,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in shares of Equifax by 10.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 11,808,841 shares of the credit services provider’s stock valued at $2,799,876,000 after acquiring an additional 1,090,363 shares during the period. Harris Associates L P lifted its position in shares of Equifax by 1,169.5% during the 1st quarter. Harris Associates L P now owns 1,004,399 shares of the credit services provider’s stock valued at $238,143,000 after acquiring an additional 925,280 shares during the period. BlackRock Inc. lifted its position in shares of Equifax by 2.7% during the 1st quarter. BlackRock Inc. now owns 9,720,913 shares of the credit services provider’s stock valued at $2,304,828,000 after acquiring an additional 252,490 shares during the period. Liontrust Investment Partners LLP lifted its position in shares of Equifax by 728.5% during the 2nd quarter. Liontrust Investment Partners LLP now owns 251,718 shares of the credit services provider’s stock valued at $46,009,000 after acquiring an additional 221,336 shares during the period. Finally, Burgundy Asset Management Ltd. lifted its position in shares of Equifax by 29.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 967,899 shares of the credit services provider’s stock valued at $176,913,000 after acquiring an additional 220,143 shares during the period. Institutional investors and hedge funds own 91.81% of the company’s stock.
Wall Street Analyst Weigh In
EFX has been the topic of a number of research reports. Morgan Stanley dropped their target price on shares of Equifax from $212.00 to $192.00 and set an “equal weight” rating on the stock in a research report on Friday, October 21st. Jefferies Financial Group lowered shares of Equifax from a “buy” rating to a “hold” rating and decreased their price target for the company from $250.00 to $161.00 in a research note on Wednesday, October 19th. StockNews.com upgraded shares of Equifax from a “sell” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Equifax from $221.00 to $185.00 and set a “hold” rating for the company in a research note on Tuesday, October 18th. Finally, Royal Bank of Canada lowered shares of Equifax from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $195.00 to $158.00 in a research note on Thursday, October 20th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Equifax presently has an average rating of “Moderate Buy” and an average target price of $203.50.
Insider Activity at Equifax
Equifax Stock Performance
NYSE EFX opened at $197.93 on Thursday. Equifax Inc. has a 1 year low of $145.98 and a 1 year high of $300.11. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $24.23 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 1.96 and a beta of 1.43. The company has a fifty day moving average price of $174.43 and a 200-day moving average price of $188.44.
Equifax (NYSE:EFX – Get Rating) last posted its earnings results on Wednesday, October 19th. The credit services provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.10. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.21 billion. Equifax had a net margin of 13.72% and a return on equity of 25.88%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.85 EPS. As a group, equities research analysts predict that Equifax Inc. will post 7.53 EPS for the current fiscal year.
Equifax Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 23rd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $1.56 annualized dividend and a yield of 0.79%. Equifax’s payout ratio is currently 27.08%.
Equifax Inc provides information solutions and human resources business process automation outsourcing services for businesses, governments, and consumers. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers employment, income, criminal history, and social security number verification services, as well as payroll-based transaction, employment tax management, and identity theft protection products.
- Get a free copy of the StockNews.com research report on Equifax (EFX)
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