Equifax (NYSE:EFX) CEO Mark Begor Sells 37,792 Shares of Company Stock

Equifax, Inc. (NYSE:EFX) CEO Mark Begor sold 37,792 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $182.80, for a total transaction of $6,908,377.60. Following the completion of the sale, the chief executive officer owned 289,922 shares of the company’s stock, valued at approximately $52,997,741.60. This trade represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Equifax Stock Down 1.8%

NYSE EFX opened at $175.26 on Wednesday. The firm’s fifty day simple moving average is $166.92 and its two-hundred day simple moving average is $178.06. Equifax, Inc. has a 12-month low of $137.01 and a 12-month high of $228.67.

Equifax (NYSE:EFX) last issued its quarterly earnings results on Tuesday, October 20th. The credit services provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.06. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the company posted $2.04 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts predict that Equifax, Inc. will post 8.50 earnings per share for the current fiscal year.

Equifax Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, August 31st.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EFX. Oppenheimer downgraded Equifax from an “outperform” rating to a “market perform” rating in a report on Friday, October 16th. Stifel Nicolaus cut their price objective on shares of Equifax from $235.00 to $217.00 and set a “buy” rating on the stock in a report on Wednesday, October 21st. Morgan Stanley dropped their target price on shares of Equifax from $225.00 to $205.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Loop Capital set a $169.00 price target on shares of Equifax in a research note on Tuesday, October 20th. Finally, Wells Fargo & Company cut their price target on shares of Equifax from $212.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $200.55.

Hedge Funds Weigh In On Equifax

Several hedge funds and other institutional investors have recently bought and sold shares of EFX. Raiffeisen Bank International AG raised its position in Equifax by 1.5% during the 2nd quarter. Raiffeisen Bank International AG now owns 3,590 shares of the credit services provider’s stock worth $569,000 after buying an additional 53 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Equifax by 3.8% during the 1st quarter. V Square Quantitative Management LLC now owns 1,730 shares of the credit services provider’s stock valued at $312,000 after acquiring an additional 64 shares during the period. Droms Strauss Advisors Inc. MO ADV boosted its holdings in shares of Equifax by 1.9% in the 1st quarter. Droms Strauss Advisors Inc. MO ADV now owns 5,435 shares of the credit services provider’s stock valued at $979,000 after acquiring an additional 100 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of Equifax by 0.8% in the 1st quarter. Glenmede Trust Co. NA now owns 13,647 shares of the credit services provider’s stock valued at $2,457,000 after acquiring an additional 102 shares during the last quarter. Finally, Empirical Finance LLC boosted its holdings in shares of Equifax by 3.4% in the 2nd quarter. Empirical Finance LLC now owns 4,314 shares of the credit services provider’s stock valued at $685,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Equifax Company Profile

Equifax Inc (NYSE: EFX) is a global data, analytics and technology company that provides information and services to help businesses, governments and consumers make informed financial and workforce decisions. The company is best known for its credit reporting activities, but its offerings also include identity verification, fraud prevention, income and employment verification, marketing services and risk management solutions.

Equifax provides consumer and commercial credit information, credit reports and related analytics to lenders and other businesses.