Investors Sell Equifax, Inc. (EFX) on Strength (EFX)
Traders sold shares of Equifax, Inc. (NYSE:EFX) on strength during trading on Tuesday. $3.72 million flowed into the stock on the tick-up and $8.30 million flowed out of the stock on the tick-down, for a money net flow of $4.58 million out of the stock. Of all equities tracked, Equifax had the 0th highest net out-flow for the day. Equifax traded up $0.04 for the day and closed at $141.63
EFX has been the topic of several research analyst reports. Cowen and Company reiterated a “buy” rating and issued a $151.00 price objective on shares of Equifax in a research note on Friday, July 28th. Morgan Stanley reiterated an “equal weight” rating and issued a $144.00 price objective (up previously from $142.00) on shares of Equifax in a research note on Tuesday, July 18th. Zacks Investment Research downgraded Equifax from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub downgraded Equifax from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Argus started coverage on Equifax in a research note on Tuesday, June 13th. They issued a “buy” rating and a $166.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $145.45.
The firm has a market cap of $17.02 billion, a price-to-earnings ratio of 29.95 and a beta of 0.93. The stock’s 50 day moving average price is $142.78 and its 200 day moving average price is $138.03.
Equifax (NYSE:EFX) last issued its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.03. The business had revenue of $856.70 million for the quarter, compared to analysts’ expectations of $860.48 million. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 EPS. Equities analysts forecast that Equifax, Inc. will post $6.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, August 23rd. Equifax’s dividend payout ratio is presently 33.05%.
In other news, insider Rodolfo O. Ploder sold 1,719 shares of Equifax stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $145.70, for a total transaction of $250,458.30. Following the transaction, the insider now owns 43,648 shares in the company, valued at approximately $6,359,513.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John W. Gamble, Jr. sold 6,500 shares of Equifax stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $145.60, for a total transaction of $946,400.00. Following the transaction, the chief financial officer now owns 42,078 shares in the company, valued at approximately $6,126,556.80. 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 in the last quarter. Corporate insiders own 1.29% of the company’s stock.
Several institutional investors have recently modified their holdings of EFX. IFP Advisors Inc boosted its stake in shares of Equifax by 9.4% during the 1st quarter. IFP Advisors Inc now owns 745 shares of the credit services provider’s stock worth $102,000 after acquiring an additional 64 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its stake in shares of Equifax by 23.8% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 744 shares of the credit services provider’s stock valued at $102,000 after buying an additional 143 shares in the last quarter. Sun Life Financial INC lifted its stake in shares of Equifax by 9,722.2% during the 2nd quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock valued at $121,000 after buying an additional 875 shares in the last quarter. ETF Managers Group LLC purchased a new position in shares of Equifax during the 2nd quarter valued at $137,000. Finally, SNS Financial Group LLC purchased a new position in shares of Equifax during the 2nd quarter valued at $200,000. Institutional investors and hedge funds own 90.01% of the company’s stock.
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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.