CIBC Asset Management Inc Purchases 24,443 Shares of Equifax Inc. (NYSE:EFX)

CIBC Asset Management Inc raised its holdings in shares of Equifax Inc. (NYSE:EFX - Free Report) by 12.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 215,282 shares of the credit services provider's stock after purchasing an additional 24,443 shares during the period. CIBC Asset Management Inc owned 0.17% of Equifax worth $63,160,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its holdings in Equifax by 76,913.8% during the 3rd quarter. International Assets Investment Management LLC now owns 960,362 shares of the credit services provider's stock valued at $282,212,000 after buying an additional 959,115 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Equifax by 72.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,514,093 shares of the credit services provider's stock worth $405,051,000 after acquiring an additional 633,887 shares in the last quarter. Capital International Investors increased its holdings in shares of Equifax by 2.5% in the 1st quarter. Capital International Investors now owns 14,045,398 shares of the credit services provider's stock valued at $3,757,425,000 after acquiring an additional 342,170 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Equifax by 4.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,276,798 shares of the credit services provider's stock worth $1,036,952,000 after buying an additional 200,665 shares during the last quarter. Finally, Ceredex Value Advisors LLC increased its position in shares of Equifax by 127.1% during the second quarter. Ceredex Value Advisors LLC now owns 350,356 shares of the credit services provider's stock worth $84,947,000 after purchasing an additional 196,106 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

Equifax Stock Performance

Shares of NYSE EFX traded down $12.70 during trading hours on Friday, reaching $249.51. The stock had a trading volume of 1,489,898 shares, compared to its average volume of 860,150. The firm has a 50-day moving average of $283.54 and a 200-day moving average of $266.74. Equifax Inc. has a fifty-two week low of $197.13 and a fifty-two week high of $309.63. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a market cap of $30.93 billion, a price-to-earnings ratio of 58.25, a PEG ratio of 2.50 and a beta of 1.59.

Equifax (NYSE:EFX - Get Free Report) last issued its earnings results on Wednesday, October 16th. The credit services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.01. Equifax had a net margin of 10.07% and a return on equity of 18.56%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the firm earned $1.76 earnings per share. The business's quarterly revenue was up 9.3% compared to the same quarter last year. Equities research analysts predict that Equifax Inc. will post 7.29 earnings per share for the current year.

Equifax Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.63%. Equifax's payout ratio is currently 34.67%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Equifax from $263.00 to $304.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Barclays upped their target price on shares of Equifax from $300.00 to $380.00 and gave the stock an "overweight" rating in a report on Friday, September 13th. JPMorgan Chase & Co. boosted their price objective on Equifax from $300.00 to $304.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Wells Fargo & Company reaffirmed a "buy" rating on shares of Equifax in a research report on Friday, October 18th. Finally, Oppenheimer increased their price objective on shares of Equifax from $300.00 to $315.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Equifax presently has an average rating of "Moderate Buy" and a consensus price target of $310.47.

Insider Activity

In other news, CEO Mark W. Begor sold 58,304 shares of the business's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $270.49, for a total transaction of $15,770,648.96. Following the transaction, the chief executive officer now owns 109,183 shares in the company, valued at approximately $29,532,909.67. The trade was a 34.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John J. Kelley III sold 1,000 shares of Equifax stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $272.92, for a total transaction of $272,920.00. Following the transaction, the executive vice president now directly owns 11,269 shares of the company's stock, valued at $3,075,535.48. This represents a 8.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.57% of the company's stock.

About Equifax

Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship.