Vanguard Group Inc. Has $1.62 Billion Position in Equifax, Inc. (EFX)
Vanguard Group Inc. boosted its stake in shares of Equifax, Inc. (NYSE:EFX) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,801,839 shares of the credit services provider’s stock after buying an additional 368,255 shares during the period. Vanguard Group Inc. owned approximately 9.80% of Equifax worth $1,621,809,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Citigroup Inc. increased its position in Equifax by 51.3% during the 2nd quarter. Citigroup Inc. now owns 38,860 shares of the credit services provider’s stock valued at $5,340,000 after buying an additional 13,182 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Equifax by 7.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 435,077 shares of the credit services provider’s stock valued at $59,788,000 after buying an additional 31,054 shares in the last quarter. New York State Common Retirement Fund increased its position in Equifax by 2.8% during the 2nd quarter. New York State Common Retirement Fund now owns 350,984 shares of the credit services provider’s stock valued at $48,232,000 after buying an additional 9,483 shares in the last quarter. Thrivent Financial For Lutherans increased its position in Equifax by 0.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 410,190 shares of the credit services provider’s stock valued at $56,368,000 after buying an additional 1,190 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in Equifax during the 2nd quarter valued at approximately $1,331,000. 90.00% of the stock is owned by institutional investors.
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In other news, insider Rodolfo O. Ploder sold 1,719 shares of the business’s 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 sale, the insider now directly owns 43,648 shares of the company’s stock, valued at $6,359,513.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John W. Gamble, Jr. sold 6,500 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total transaction of $946,400.00. Following the sale, the chief financial officer now directly owns 42,078 shares in the company, valued at $6,126,556.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,219 shares of company stock worth $1,780,938. Insiders own 1.29% of the company’s stock.
A number of research analysts recently weighed in on EFX shares. Cowen and Company reaffirmed a “buy” rating and set a $151.00 price objective on shares of Equifax in a research report on Friday, July 28th. Morgan Stanley reaffirmed an “equal weight” rating and set a $144.00 price objective (up previously from $142.00) on shares of Equifax in a research report on Tuesday, July 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $149.00 price objective on shares of Equifax in a research report on Friday, September 8th. Zacks Investment Research lowered Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, BidaskClub lowered Equifax from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $133.73.
Shares of Equifax, Inc. (NYSE:EFX) opened at 105.04 on Friday. The stock has a market capitalization of $12.64 billion, a P/E ratio of 22.25 and a beta of 0.93. The firm’s 50-day moving average price is $133.48 and its 200 day moving average price is $136.54. Equifax, Inc. has a 52 week low of $89.59 and a 52 week high of $147.02.
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 for 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%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 earnings per share. Analysts expect that Equifax, Inc. will post $6.00 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Wednesday, August 23rd. Equifax’s payout ratio is presently 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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