Smith Asset Management Group LP Buys Shares of 96,250 Equifax Inc. (EFX)
Smith Asset Management Group LP purchased a new position in Equifax Inc. (NYSE:EFX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 96,250 shares of the company’s stock, valued at approximately $12,359,000.
Several other large investors have also bought and sold shares of EFX. Daiwa SB Investments Ltd. purchased a new stake in shares of Equifax during the second quarter valued at approximately $123,000. 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 valued at $123,000 after buying an additional 118 shares during the last quarter. Springbok Capital Management LLC purchased a new stake in shares of Equifax during the first quarter valued at approximately $133,000. Financial Architects Inc increased its stake in shares of Equifax by 1,379.5% in the second quarter. Financial Architects Inc now owns 1,154 shares of the company’s stock valued at $149,000 after buying an additional 1,076 shares during the last quarter. Finally, Zions Bancorporation increased its stake in shares of Equifax by 14,380.0% in the first quarter. Zions Bancorporation now owns 1,448 shares of the company’s stock valued at $165,000 after buying an additional 1,438 shares during the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.
Shares of Equifax Inc. (NYSE:EFX) traded up 0.96% on Wednesday, reaching $133.12. 504,697 shares of the company traded hands. The company has a market capitalization 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 Inc. has a one year low of $91.72 and a one year high of $136.97.
Equifax (NYSE:EFX) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.43 earnings per share (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 firm earned $811.30 million during the quarter, compared to analyst estimates of $802.85 million. During the same quarter last year, the business earned $1.15 EPS. The company’s revenue was up 19.6% compared to the same quarter last year. Equities analysts forecast that Equifax Inc. will post ($0.47) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 19th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $1.32 annualized dividend and a yield of 0.99%. Equifax’s payout ratio is 34.38%.
Several research analysts have recently weighed in on EFX shares. Jefferies Group reiterated a “hold” rating and issued a $128.00 price target on shares of Equifax in a report on Thursday, July 28th. JPMorgan Chase & Co. upped their price target on shares of Equifax from $133.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Deutsche Bank AG upped their price target on shares of Equifax from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, July 29th. Stifel Nicolaus upped their price target 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, Zacks Investment Research upgraded shares of Equifax from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a report on Monday, August 1st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Equifax currently has an average rating of “Buy” and an average price target of $140.22.
In other Equifax news, insider J Dann Adams sold 4,422 shares of the firm’s stock in a transaction that occurred on 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 owns 57,804 shares in the company, valued at approximately $7,745,736. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paulino R. Barros sold 5,205 shares of the firm’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $132.00, for a total transaction of $687,060.00. Following the transaction, the insider now owns 10,786 shares of the company’s stock, valued at approximately $1,423,752. The disclosure for this sale can be found here. Company insiders own 2.01% of the company’s stock.
Equifax Company Profile
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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