Wellington Management Group LLP decreased its position in Equifax Inc. (NYSE:EFX - Free Report) by 31.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,102 shares of the credit services provider's stock after selling 37,492 shares during the period. Wellington Management Group LLP owned approximately 0.07% of Equifax worth $24,126,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp grew its stake in shares of Equifax by 1.1% in the 3rd quarter. State Street Corp now owns 4,816,186 shares of the credit services provider's stock worth $1,415,284,000 after buying an additional 52,489 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Equifax by 4.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,276,798 shares of the credit services provider's stock valued at $1,036,952,000 after purchasing an additional 200,665 shares during the last quarter. FMR LLC lifted its holdings in shares of Equifax by 37.4% during the 3rd quarter. FMR LLC now owns 3,233,744 shares of the credit services provider's stock valued at $950,268,000 after purchasing an additional 880,162 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Equifax by 2.4% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,044,561 shares of the credit services provider's stock valued at $738,184,000 after purchasing an additional 70,091 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position 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 worth $282,212,000 after acquiring an additional 959,115 shares during the period. Institutional investors own 96.20% of the company's stock.
Insider Activity
In related news, EVP Lisa M. Nelson sold 551 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $260.39, for a total transaction of $143,474.89. Following the transaction, the executive vice president now owns 11,697 shares in the company, valued at $3,045,781.83. This trade represents a 4.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John J. Kelley III sold 1,000 shares of the business's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $272.92, for a total value of $272,920.00. Following the completion of the sale, the executive vice president now owns 11,269 shares of the company's stock, valued at approximately $3,075,535.48. This represents a 8.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,855 shares of company stock worth $16,187,044. Corporate insiders own 1.57% of the company's stock.
Equifax Stock Up 0.2 %
Shares of EFX traded up $0.52 during mid-day trading on Friday, hitting $265.81. 816,277 shares of the company's stock were exchanged, compared to its average volume of 874,433. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $32.95 billion, a price-to-earnings ratio of 59.10, a P/E/G ratio of 3.26 and a beta of 1.57. The stock's 50-day moving average is $267.78 and its 200-day moving average is $269.78. Equifax Inc. has a fifty-two week low of $213.02 and a fifty-two week high of $309.63.
Equifax (NYSE:EFX - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The credit services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.01. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.44 billion. Equifax had a return on equity of 18.56% and a net margin of 10.07%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.76 EPS. On average, sell-side analysts anticipate that Equifax Inc. will post 7.28 earnings per share for the current fiscal year.
Equifax Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 22nd were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, November 22nd. Equifax's dividend payout ratio (DPR) is presently 34.67%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. BNP Paribas raised shares of Equifax from an "underperform" rating to a "neutral" rating and set a $310.00 price objective for the company in a report on Thursday, September 19th. The Goldman Sachs Group increased their price target on Equifax from $277.00 to $307.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. Barclays boosted their price objective on Equifax from $300.00 to $380.00 and gave the company an "overweight" rating in a research report on Friday, September 13th. Robert W. Baird increased their target price on Equifax from $290.00 to $333.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Equifax from $304.00 to $283.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $311.67.
Check Out Our Latest Analysis on EFX
Equifax Profile
(
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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