International Assets Investment Management LLC cut its holdings in Equifax Inc. (NYSE:EFX - Free Report) by 99.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,316 shares of the credit services provider's stock after selling 959,046 shares during the quarter. International Assets Investment Management LLC's holdings in Equifax were worth $330,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new position in Equifax in the second quarter worth approximately $618,000. Choreo LLC acquired a new stake in shares of Equifax during the second quarter worth $609,000. DekaBank Deutsche Girozentrale raised its holdings in Equifax by 30.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 49,263 shares of the credit services provider's stock worth $11,827,000 after buying an additional 11,361 shares during the period. Meeder Advisory Services Inc. lifted its stake in Equifax by 63.7% during the second quarter. Meeder Advisory Services Inc. now owns 2,883 shares of the credit services provider's stock valued at $699,000 after buying an additional 1,122 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Equifax by 2.9% in the second quarter. Federated Hermes Inc. now owns 281,319 shares of the credit services provider's stock worth $68,209,000 after buying an additional 7,990 shares during the period. 96.20% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Equifax news, CEO Mark W. Begor sold 58,304 shares of the business's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $270.49, for a total value of $15,770,648.96. Following the sale, the chief executive officer now owns 109,183 shares of the company's stock, valued at $29,532,909.67. The trade was a 34.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John J. Kelley III sold 1,000 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was 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. The trade was a 8.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 59,855 shares of company stock worth $16,187,044 in the last ninety days. Insiders own 1.57% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on EFX. Needham & Company LLC restated a "buy" rating and issued a $350.00 price target on shares of Equifax in a research report on Monday, October 28th. Morgan Stanley upgraded Equifax from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $275.00 to $320.00 in a report on Thursday, December 12th. BNP Paribas upgraded Equifax from a "neutral" rating to an "outperform" rating and set a $305.00 price target on the stock in a report on Monday, December 16th. Robert W. Baird increased their price objective on Equifax from $290.00 to $333.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Finally, Oppenheimer dropped their target price on Equifax from $315.00 to $286.00 and set an "outperform" rating on the stock in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $311.81.
Check Out Our Latest Stock Analysis on Equifax
Equifax Stock Down 1.7 %
Equifax stock traded down $4.14 during mid-day trading on Friday, hitting $243.97. 1,206,366 shares of the company's stock were exchanged, compared to its average volume of 864,244. Equifax Inc. has a 1-year low of $213.02 and a 1-year high of $309.63. The stock has a 50 day moving average of $259.05 and a two-hundred day moving average of $272.86. The stock has a market cap of $30.24 billion, a P/E ratio of 54.22, a P/E/G ratio of 3.30 and a beta of 1.57. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.
Equifax (NYSE:EFX - Get Free Report) last released its earnings results on Wednesday, October 16th. The credit services provider reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.01. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. Equifax had a net margin of 10.07% and a return on equity of 18.56%. The business's revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.76 EPS. As a group, analysts anticipate that Equifax Inc. will post 7.28 EPS for the current fiscal year.
Equifax Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 22nd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Friday, November 22nd. Equifax's dividend payout ratio (DPR) is presently 34.67%.
Equifax Company Profile
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Free Report)
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.
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