Thrivent Financial For Lutherans Raises Position in Equifax, Inc. (EFX)
Thrivent Financial For Lutherans increased its position in shares of Equifax, Inc. (NYSE:EFX) by 0.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 410,190 shares of the credit services provider’s stock after purchasing an additional 1,190 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.34% of Equifax worth $56,368,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Stevens Capital Management LP purchased a new stake in shares of Equifax during the second quarter worth approximately $1,331,000. BT Investment Management Ltd purchased a new stake in shares of Equifax during the second quarter worth approximately $542,000. Amalgamated Bank increased its position in shares of Equifax by 56.3% during the second quarter. Amalgamated Bank now owns 14,051 shares of the credit services provider’s stock worth $1,931,000 after purchasing an additional 5,063 shares in the last quarter. Nicholas Company Inc. increased its position in shares of Equifax by 80.9% during the second quarter. Nicholas Company Inc. now owns 282,180 shares of the credit services provider’s stock worth $38,777,000 after purchasing an additional 126,185 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Equifax by 7.0% during the second quarter. BlackRock Inc. now owns 9,933,776 shares of the credit services provider’s stock worth $1,365,099,000 after purchasing an additional 653,096 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.
In other news, 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 value of $250,458.30. Following the completion of the sale, the insider now owns 43,648 shares of the company’s stock, valued at $6,359,513.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 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 three months. 1.29% of the stock is currently owned by company insiders.
Several analysts recently commented on the company. SunTrust Banks, Inc. boosted their price target on Equifax from $110.00 to $155.00 in a research report on Friday. Stephens reiterated a “hold” rating and set a $110.00 price target (down from $145.00) on shares of Equifax in a research report on Thursday. J P Morgan Chase & Co reiterated a “buy” rating on shares of Equifax in a research report on Friday, September 8th. Deutsche Bank AG reiterated a “buy” rating and set a $160.00 price target (up from $140.00) on shares of Equifax in a research report on Thursday, July 27th. Finally, Evercore ISI reiterated a “buy” rating and set a $174.00 price target on shares of Equifax in a research report on Saturday, September 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $137.93.
Shares of Equifax, Inc. (EFX) traded down 3.81% during mid-day trading on Friday, reaching $92.98. The company’s stock had a trading volume of 16,707,681 shares. The company’s 50-day moving average is $136.38 and its 200 day moving average is $137.03. Equifax, Inc. has a 1-year low of $89.59 and a 1-year high of $147.02. The firm has a market capitalization of $11.19 billion, a P/E ratio of 19.69 and a beta of 0.93.
Equifax (NYSE:EFX) last released its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.03. The company had revenue of $856.70 million during the quarter, compared to the consensus estimate of $860.48 million. Equifax had a return on equity of 24.88% and a net margin of 17.44%. Equifax’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 earnings per share. On average, analysts expect that Equifax, Inc. will post $6.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.68%. The ex-dividend date was Wednesday, August 23rd. Equifax’s payout ratio is 33.05%.
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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