Traders Sell Shares of Equifax, Inc. (EFX) on Strength (EFX)
Investors sold shares of Equifax, Inc. (NYSE:EFX) on strength during trading hours on Wednesday. $0.50 million flowed into the stock on the tick-up and $11.44 million flowed out of the stock on the tick-down, for a money net flow of $10.94 million out of the stock. Of all stocks tracked, Equifax had the 0th highest net out-flow for the day. Equifax traded up $0.14 for the day and closed at $141.24
A number of brokerages have commented on EFX. Royal Bank Of Canada reissued a “buy” rating on shares of Equifax in a research report on Wednesday, August 9th. Cowen and Company reissued a “buy” rating and issued a $151.00 price objective on shares of Equifax in a research report on Friday, July 28th. Deutsche Bank AG reissued a “buy” rating and issued a $160.00 price objective (up from $140.00) on shares of Equifax in a research report on Thursday, July 27th. Morgan Stanley reissued an “equal weight” rating and issued a $144.00 price objective (up from $142.00) on shares of Equifax in a research report on Tuesday, July 18th. Finally, Zacks Investment Research downgraded shares of Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $145.45.
The company’s 50-day moving average price is $142.78 and its 200-day moving average price is $138.06. The company has a market cap of $17.18 billion, a PE ratio of 30.23 and a beta of 0.93.
Equifax (NYSE:EFX) last issued its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.03. The business had revenue of $856.70 million during 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 business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 earnings per share. On average, analysts predict that Equifax, Inc. will post $6.08 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $0.39 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.09%. Equifax’s dividend payout ratio (DPR) is presently 33.05%.
In related news, CFO John W. Gamble, Jr. sold 6,500 shares of Equifax stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total value of $946,400.00. Following the completion of the sale, the chief financial officer now owns 42,078 shares in the company, valued at $6,126,556.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Rodolfo O. Ploder sold 1,719 shares of Equifax stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $145.70, for a total transaction of $250,458.30. Following the completion of the sale, the insider now owns 43,648 shares of the company’s stock, valued at approximately $6,359,513.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,219 shares of company stock valued at $1,780,938. Insiders own 1.29% of the company’s stock.
Several large investors have recently modified their holdings of EFX. Intl Fcstone Inc. bought a new stake in Equifax during the second quarter valued at $1,438,000. Sentry Investment Management LLC increased its stake in Equifax by 1.4% during the second quarter. Sentry Investment Management LLC now owns 7,057 shares of the credit services provider’s stock valued at $970,000 after purchasing an additional 96 shares during the last quarter. Toronto Dominion Bank increased its stake in Equifax by 25.9% during the second quarter. Toronto Dominion Bank now owns 40,718 shares of the credit services provider’s stock valued at $5,594,000 after purchasing an additional 8,364 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Equifax during the second quarter valued at $1,055,000. Finally, Public Employees Retirement System of Ohio increased its stake in Equifax by 2.0% during the second quarter. Public Employees Retirement System of Ohio now owns 51,898 shares of the credit services provider’s stock valued at $7,132,000 after purchasing an additional 1,026 shares during the last quarter. 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.
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