DNB Asset Management AS Has $2.37 Million Position in Equifax Inc. (EFX)
DNB Asset Management AS increased its stake in shares of Equifax Inc. (NYSE:EFX) by 2.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 20,021 shares of the credit services provider’s stock after acquiring an additional 468 shares during the quarter. DNB Asset Management AS’s holdings in Equifax were worth $2,372,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in EFX. Dimensional Fund Advisors LP raised its position in Equifax by 4.3% in the third quarter. Dimensional Fund Advisors LP now owns 509,836 shares of the credit services provider’s stock valued at $66,568,000 after purchasing an additional 20,845 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Equifax in the third quarter valued at $216,000. Deutsche Bank AG raised its position in Equifax by 25.6% in the third quarter. Deutsche Bank AG now owns 205,597 shares of the credit services provider’s stock valued at $26,839,000 after purchasing an additional 41,960 shares during the period. Paloma Partners Management Co purchased a new stake in Equifax in the third quarter valued at $979,000. Finally, Pacer Advisors Inc. raised its position in Equifax by 14.6% in the third quarter. Pacer Advisors Inc. now owns 6,412 shares of the credit services provider’s stock valued at $837,000 after purchasing an additional 816 shares during the period. Hedge funds and other institutional investors own 92.90% of the company’s stock.
NYSE:EFX opened at $126.27 on Wednesday. The stock has a market cap of $15.23 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 2.61 and a beta of 1.24. Equifax Inc. has a 1 year low of $88.68 and a 1 year high of $138.69. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.83.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 12th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Monday, March 11th. Equifax’s payout ratio is currently 26.94%.
A number of brokerages have recently weighed in on EFX. Deutsche Bank cut Equifax from a “buy” rating to a “hold” rating and dropped their price objective for the company from $128.00 to $110.00 in a research note on Tuesday, February 5th. They noted that the move was a valuation call. Robert W. Baird dropped their price objective on Equifax from $115.00 to $109.00 and set an “outperform” rating for the company in a research note on Wednesday, December 19th. Morgan Stanley set a $103.00 price objective on Equifax and gave the company a “hold” rating in a research note on Friday, February 22nd. SunTrust Banks reaffirmed a “buy” rating and set a $125.00 price objective on shares of Equifax in a research report on Friday, February 22nd. They noted that the move was a valuation call. Finally, Credit Suisse Group upped their price objective on Equifax from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Equifax has a consensus rating of “Hold” and a consensus target price of $119.45.
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Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage loan origination information; financial marketing; and identity management services.
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