Equifax Inc. (EFX) Stake Boosted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its position in Equifax Inc. (NYSE:EFX) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 425,784 shares of the company’s stock after buying an additional 6,374 shares during the period. Dimensional Fund Advisors LP owned about 0.36% of Equifax worth $54,665,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its stake in Equifax by 1.0% in the first quarter. State Street Corp now owns 4,723,812 shares of the company’s stock worth $539,881,000 after buying an additional 46,146 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Equifax by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 4,131,219 shares of the company’s stock worth $530,448,000 after buying an additional 182,007 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Equifax by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,359,393 shares of the company’s stock worth $383,945,000 after buying an additional 33,489 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Equifax by 8.6% in the second quarter. JPMorgan Chase & Co. now owns 2,505,304 shares of the company’s stock worth $321,681,000 after buying an additional 198,779 shares in the last quarter. Finally, Standard Life Investments LTD increased its stake in Equifax by 23.6% in the second quarter. Standard Life Investments LTD now owns 1,032,294 shares of the company’s stock worth $132,532,000 after buying an additional 196,930 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.
Shares of Equifax Inc. (NYSE:EFX) traded down 0.17% during trading on Thursday, hitting $131.83. 62,113 shares of the company traded hands. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of 34.32 and a beta of 0.87. The firm has a 50 day moving average price of $132.55 and a 200-day moving average price of $126.17. Equifax Inc. has a one year low of $91.72 and a one year high of $136.97.
Equifax (NYSE:EFX) last announced its earnings results 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 company earned $811.30 million during the quarter, compared to analysts’ expectations of $802.85 million. During the same period last year, the company posted $1.15 earnings per share. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. Analysts predict that Equifax Inc. will post ($0.47) EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 19th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Wednesday, August 17th. Equifax’s payout ratio is 34.38%.
EFX has been the topic of a number of research analyst reports. Barclays PLC boosted their price objective on shares of Equifax from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, September 21st. Zacks Investment Research raised shares of Equifax from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a report on Tuesday, September 27th. Deutsche Bank AG boosted their price objective on shares of Equifax from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of Equifax from $133.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $128.00 price target on shares of Equifax in a report on Thursday, July 28th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $140.11.
In other Equifax news, insider J Dann Adams sold 4,422 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $134.00, for a total value of $592,548.00. Following the completion of the transaction, the insider now directly owns 57,804 shares in the company, valued at $7,745,736. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Richard F. Smith sold 48,432 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $130.51, for a total transaction of $6,320,860.32. Following the completion of the transaction, the chairman now owns 253,228 shares of the company’s stock, valued at $33,048,786.28. The disclosure for this sale can be found here. 2.01% of the stock is currently owned by company insiders.
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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