Pitcairn Co. Acquires 584 Shares of Equifax Inc. (EFX)
Pitcairn Co. raised its stake in shares of Equifax Inc. (NYSE:EFX) by 12.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,330 shares of the company’s stock after buying an additional 584 shares during the period. Pitcairn Co.’s holdings in Equifax were worth $684,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in EFX. Cleararc Capital Inc. increased its stake in shares of Equifax by 0.6% in the first quarter. Cleararc Capital Inc. now owns 2,907 shares of the company’s stock worth $332,000 after buying an additional 17 shares during the period. Royce & Associates LP increased its stake in shares of Equifax by 0.4% in the first quarter. Royce & Associates LP now owns 23,712 shares of the company’s stock worth $2,710,000 after buying an additional 100 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Equifax by 14.1% in the second quarter. Checchi Capital Advisers LLC now owns 956 shares of the company’s stock worth $123,000 after buying an additional 118 shares during the period. Capital Investment Advisors LLC increased its stake in shares of Equifax by 7.0% in the second quarter. Capital Investment Advisors LLC now owns 2,099 shares of the company’s stock worth $270,000 after buying an additional 138 shares during the period. Finally, Hartford Investment Management Co. increased its stake in shares of Equifax by 0.5% in the second quarter. Hartford Investment Management Co. now owns 28,985 shares of the company’s stock worth $3,722,000 after buying an additional 145 shares during the period. 88.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of Equifax Inc. (NYSE:EFX) traded up 0.96% during midday trading on Wednesday, hitting $133.12. 504,697 shares of the stock were exchanged. Equifax Inc. has a 12-month low of $91.72 and a 12-month high of $136.97. The firm has a market cap of $15.89 billion, a PE ratio of 34.66 and a beta of 0.87. The firm has a 50-day moving average price of $132.15 and a 200 day moving average price of $124.41.
Equifax (NYSE:EFX) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.36 by $0.07. Equifax had a net margin of 16.11% and a return on equity of 24.51%. The business had revenue of $811.30 million for the quarter, compared to analyst estimates of $802.85 million. During the same period in the previous year, the firm earned $1.15 EPS. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. Analysts predict that Equifax Inc. will post ($0.47) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 19th were given a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $1.32 annualized dividend and a dividend yield of 0.99%. Equifax’s dividend payout ratio is presently 34.38%.
A number of analysts recently issued reports on EFX shares. Royal Bank Of Canada reissued a “buy” rating and set a $136.00 price target on shares of Equifax in a report on Wednesday, June 15th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Equifax in a report on Thursday, June 16th. Jefferies Group reaffirmed a “hold” rating and set a $128.00 price objective on shares of Equifax in a report on Thursday, July 28th. Stifel Nicolaus increased their price objective on shares of Equifax from $131.00 to $143.00 and gave the company a “buy” rating in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Equifax from $133.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $140.22.
In related news, Chairman Richard F. Smith sold 120,000 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $132.63, for a total value of $15,915,600.00. Following the completion of the transaction, the chairman now owns 264,796 shares of the company’s stock, valued at approximately $35,119,893.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider J Dann Adams sold 4,422 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $134.00, for a total transaction of $592,548.00. Following the completion of the transaction, the insider now directly owns 57,804 shares of the company’s stock, valued at approximately $7,745,736. The disclosure for this sale can be found here. 2.01% of the stock is currently owned by corporate insiders.
Equifax Inc is a provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Personal Solutions. USIS provides consumer and commercial information solutions to businesses in the United States, including online information, decisioning technology solutions, fraud and identity management services, portfolio management services, mortgage reporting and financial marketing services.
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