Evercore ISI reissued their outperform rating on shares of Equifax, Inc. (NYSE:EFX) in a research note released on Saturday. The brokerage currently has a $110.00 price objective on the credit services provider’s stock, down from their prior price objective of $174.00.
Other equities research analysts have also issued reports about the stock. J P Morgan Chase & Co decreased their price target on shares of Equifax from $167.00 to $135.00 and set an overweight rating on the stock in a report on Thursday, September 14th. Morgan Stanley reaffirmed an equal weight rating and set a $144.00 price target (up from $142.00) on shares of Equifax in a report on Tuesday, July 18th. Zacks Investment Research lowered shares of Equifax from a buy rating to a hold rating in a report on Monday, July 17th. Cowen and Company reaffirmed a buy rating and set a $151.00 price target on shares of Equifax in a report on Friday, July 28th. Finally, Argus assumed coverage on shares of Equifax in a report on Tuesday, June 13th. They set a buy rating and a $166.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. Equifax currently has a consensus rating of Buy and a consensus price target of $133.73.
Shares of Equifax (NYSE:EFX) opened at 94.87 on Friday. The company has a market capitalization of $11.42 billion, a PE ratio of 20.10 and a beta of 0.93. The stock’s 50 day moving average is $133.48 and its 200 day moving average is $136.54. Equifax has a 1-year low of $89.59 and a 1-year high of $147.02.
Equifax (NYSE:EFX) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.03. The company had revenue of $856.70 million for the quarter, compared to analyst estimates of $860.48 million. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 EPS. On average, equities research analysts anticipate that Equifax will post $6.01 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Wednesday, August 23rd. Equifax’s payout ratio is 33.05%.
In other news, insider Rodolfo O. Ploder sold 1,719 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 43,648 shares of the company’s stock, valued at approximately $6,359,513.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Joseph Michael Loughran III sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $146.02, for a total transaction of $584,080.00. Following the completion of the sale, the insider now directly owns 42,723 shares in the company, valued at $6,238,412.46. The disclosure for this sale can be found here. Insiders have sold a total of 12,219 shares of company stock worth $1,780,938 over the last three months. Insiders own 1.29% of the company’s stock.
Large investors have recently bought and sold shares of the company. Teachers Advisors LLC boosted its stake in shares of Equifax by 18.5% in the 2nd quarter. Teachers Advisors LLC now owns 480,790 shares of the credit services provider’s stock valued at $66,070,000 after purchasing an additional 75,144 shares during the last quarter. Swiss National Bank boosted its stake in shares of Equifax by 3.2% in the 2nd quarter. Swiss National Bank now owns 437,845 shares of the credit services provider’s stock valued at $60,169,000 after purchasing an additional 13,500 shares during the last quarter. Airain ltd boosted its stake in shares of Equifax by 166.0% in the 2nd quarter. Airain ltd now owns 12,161 shares of the credit services provider’s stock valued at $1,671,000 after purchasing an additional 7,590 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of Equifax by 99.4% in the 1st 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 purchasing an additional 650,550 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Equifax by 3.4% in the 1st quarter. Bank of America Corp DE now owns 523,024 shares of the credit services provider’s stock valued at $71,519,000 after purchasing an additional 17,202 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors.
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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