Investors Sell Shares of Equifax, Inc. (EFX) on Strength (EFX)
Investors sold shares of Equifax, Inc. (NYSE:EFX) on strength during trading hours on Friday. $365.11 million flowed into the stock on the tick-up and $405.19 million flowed out of the stock on the tick-down, for a money net flow of $40.08 million out of the stock. Of all equities tracked, Equifax had the 0th highest net out-flow for the day. Equifax traded up $6.79 for the day and closed at $105.04
EFX has been the subject of several analyst reports. J P Morgan Chase & Co restated a “buy” rating on shares of Equifax in a report on Friday, September 8th. Morgan Stanley restated an “equal weight” rating and issued a $144.00 target price (up previously from $142.00) on shares of Equifax in a report on Tuesday, July 18th. Zacks Investment Research lowered shares of Equifax from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Cowen and Company restated a “buy” rating and issued a $151.00 target price on shares of Equifax in a report on Friday, July 28th. Finally, Wells Fargo & Company upgraded shares of Equifax from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $135.00 to $127.00 in a report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $133.31.
The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 22.25 and a beta of 0.93. The company’s 50-day moving average price is $133.48 and its 200-day moving average price is $136.54.
Equifax (NYSE:EFX) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.03. The company had revenue of $856.70 million for 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 firm’s 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. On average, analysts expect that Equifax, Inc. will post $6.00 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $1.56 annualized dividend and a yield of 1.49%. Equifax’s dividend payout ratio is currently 33.05%.
In other news, CFO John W. Gamble, Jr. sold 6,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly 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 is accessible through this hyperlink. Also, insider Rodolfo O. Ploder sold 1,719 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 43,648 shares in the company, valued at $6,359,513.60. The disclosure for this sale can be found here. Insiders sold 12,219 shares of company stock worth $1,780,938 over the last quarter. 1.29% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in EFX. BlackRock Inc. grew its position in shares of Equifax by 1,540.8% during the first quarter. BlackRock Inc. now owns 9,280,680 shares of the credit services provider’s stock worth $1,269,041,000 after acquiring an additional 8,715,062 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Equifax by 11,042.5% during the second quarter. Janus Henderson Group PLC now owns 1,729,992 shares of the credit services provider’s stock worth $237,735,000 after acquiring an additional 1,714,466 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of Equifax by 99.4% during the first quarter. William Blair Investment Management LLC now owns 1,305,063 shares of the credit services provider’s stock worth $178,454,000 after acquiring an additional 650,550 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Equifax by 3.4% during the first quarter. Vanguard Group Inc. now owns 11,433,584 shares of the credit services provider’s stock worth $1,563,429,000 after acquiring an additional 373,774 shares during the last quarter. Finally, FMR LLC grew its position in shares of Equifax by 5.8% during the second quarter. FMR LLC now owns 6,046,517 shares of the credit services provider’s stock worth $830,912,000 after acquiring an additional 329,481 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.
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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