Northwestern Mutual Wealth Management Co. Has $262,000 Stake in Equifax Inc. (EFX)
Northwestern Mutual Wealth Management Co. lifted its stake in Equifax Inc. (NYSE:EFX) by 144.0% during the fourth quarter, HoldingsChannel reports. The firm owned 2,223 shares of the credit services provider’s stock after purchasing an additional 1,312 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Equifax were worth $262,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Mutual of America Capital Management LLC boosted its position in shares of Equifax by 4.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 14,667 shares of the credit services provider’s stock worth $1,730,000 after purchasing an additional 682 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of Equifax in the 4th quarter worth approximately $203,000. Advisor Partners LLC bought a new stake in shares of Equifax in the 4th quarter worth approximately $244,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Equifax in the 4th quarter worth approximately $694,000. Finally, Lourd Capital LLC bought a new stake in shares of Equifax in the 4th quarter worth approximately $243,000. 94.22% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the company. Morgan Stanley boosted their price target on Equifax from $112.00 to $119.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Royal Bank of Canada boosted their price target on Equifax to $126.00 and gave the stock a “sector perform” rating in a research report on Friday, January 19th. Robert W. Baird reissued a “buy” rating and issued a $137.00 price target on shares of Equifax in a research report on Tuesday, January 9th. Zacks Investment Research raised Equifax from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Barclays cut Equifax from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $115.00 to $128.00 in a research report on Thursday, December 14th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $128.07.
Equifax (NYSE:EFX) last released its quarterly earnings data on Thursday, November 9th. The credit services provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.04. The business had revenue of $834.80 million for the quarter, compared to analysts’ expectations of $847.28 million. Equifax had a return on equity of 24.45% and a net margin of 16.18%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 EPS. equities analysts anticipate that Equifax Inc. will post 5.92 earnings per share for the current fiscal year.
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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