Equifax, Inc. (EFX) Hits New 52-Week Low at $109.30
Equifax, Inc. (NYSE:EFX)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $109.30 and last traded at $107.71, with a volume of 4,487,823 shares trading hands. The stock had previously closed at $115.96.
Several equities analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Equifax from $144.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday, September 8th. J P Morgan Chase & Co restated a “buy” rating on shares of Equifax in a research note on Friday, September 8th. Cowen and Company restated a “buy” rating and set a $151.00 target price on shares of Equifax in a research note on Friday, July 28th. Deutsche Bank AG restated a “buy” rating and set a $160.00 target price (up previously from $140.00) on shares of Equifax in a research note on Thursday, July 27th. Finally, BidaskClub upgraded shares of Equifax from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $141.29.
The company’s 50 day moving average is $137.80 and its 200-day moving average is $137.30. The firm has a market capitalization of $11.63 billion, a PE ratio of 20.46 and a beta of 0.93.
Equifax (NYSE:EFX) last released its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.03. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The firm had revenue of $856.70 million during the quarter, compared to the consensus estimate of $860.48 million. During the same quarter in the previous year, the company posted $1.43 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts expect that Equifax, Inc. will post $6.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Wednesday, August 23rd. Equifax’s dividend payout ratio (DPR) is 33.05%.
In related news, insider Joseph Michael Loughran III sold 4,000 shares of Equifax stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $146.02, for a total transaction of $584,080.00. Following the completion of the sale, the insider now owns 42,723 shares of the company’s stock, valued at $6,238,412.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John W. Gamble, Jr. sold 6,500 shares of Equifax stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $145.60, for a total value of $946,400.00. Following the sale, the chief financial officer now directly owns 42,078 shares of the company’s stock, valued at approximately $6,126,556.80. The disclosure for this sale can be found here. Insiders have sold 12,219 shares of company stock valued at $1,780,938 in the last ninety days. Corporate insiders own 1.29% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in EFX. Swiss National Bank lifted its holdings in Equifax by 3.2% in the second quarter. Swiss National Bank now owns 437,845 shares of the credit services provider’s stock valued at $60,169,000 after acquiring an additional 13,500 shares during the period. Airain ltd lifted its holdings in Equifax by 166.0% in the second quarter. Airain ltd now owns 12,161 shares of the credit services provider’s stock valued at $1,671,000 after acquiring an additional 7,590 shares during the period. William Blair Investment Management LLC lifted its holdings in Equifax by 99.4% in the first quarter. William Blair Investment Management LLC now owns 1,305,063 shares of the credit services provider’s stock valued at $178,454,000 after acquiring an additional 650,550 shares during the period. Bank of America Corp DE lifted its holdings in Equifax by 3.4% in the first quarter. Bank of America Corp DE now owns 523,024 shares of the credit services provider’s stock valued at $71,519,000 after acquiring an additional 17,202 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Equifax by 4.3% in the first quarter. Legal & General Group Plc now owns 575,961 shares of the credit services provider’s stock valued at $78,757,000 after acquiring an additional 23,905 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: “Equifax, Inc. (EFX) Hits New 52-Week Low at $109.30” was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/09/14/equifax-inc-efx-hits-new-52-week-low-at-109-30.html.
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.
Receive News & Ratings for Equifax Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equifax Inc. and related companies with MarketBeat.com's FREE daily email newsletter.