Texas Permanent School Fund reduced its position in shares of Equifax, Inc. (NYSE:EFX) by 3.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,778 shares of the credit services provider’s stock after selling 1,256 shares during the period. Texas Permanent School Fund’s holdings in Equifax were worth $4,642,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its position in Equifax by 13.2% in the second quarter. Daiwa Securities Group Inc. now owns 23,256 shares of the credit services provider’s stock worth $3,196,000 after buying an additional 2,720 shares during the period. Rothschild Asset Management Inc. raised its position in Equifax by 4.6% in the second quarter. Rothschild Asset Management Inc. now owns 3,006 shares of the credit services provider’s stock worth $413,000 after buying an additional 133 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its position in Equifax by 6.0% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,119 shares of the credit services provider’s stock worth $291,000 after buying an additional 119 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Equifax by 11.9% in the second quarter. Janney Montgomery Scott LLC now owns 25,256 shares of the credit services provider’s stock worth $3,471,000 after buying an additional 2,691 shares during the last quarter. Finally, IBM Retirement Fund raised its stake in shares of Equifax by 120.8% in the second quarter. IBM Retirement Fund now owns 2,913 shares of the credit services provider’s stock worth $448,000 after buying an additional 1,594 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.
Shares of Equifax, Inc. (EFX) traded down 0.50% on Friday, hitting $141.35. The company had a trading volume of 351,561 shares. The firm has a market capitalization of $17.01 billion, a P/E ratio of 29.94 and a beta of 0.91. The firm has a 50 day moving average of $141.57 and a 200-day moving average of $135.42. Equifax, Inc. has a 12-month low of $110.87 and a 12-month high of $147.02.
Equifax (NYSE:EFX) last issued its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.03. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The business had revenue of $856.70 million for the quarter, compared to analysts’ expectations of $860.48 million. During the same quarter in the previous year, the firm posted $1.43 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts predict that Equifax, Inc. will post $6.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 1.10%. Equifax’s payout ratio is 33.05%.
A number of brokerages have commented on EFX. Royal Bank Of Canada restated a “buy” rating on shares of Equifax in a research report on Wednesday. Cowen and Company restated a “buy” rating and set a $151.00 price objective on shares of Equifax in a research report on Friday, July 28th. Deutsche Bank AG restated a “buy” rating and set a $160.00 price objective (up from $140.00) on shares of Equifax in a research report on Thursday, July 27th. BidaskClub lowered Equifax from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Zacks Investment Research lowered Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $145.45.
In other news, CFO John W. Gamble, Jr. sold 14,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $136.44, for a total value of $1,910,160.00. Following the transaction, the chief financial officer now owns 48,578 shares of the company’s stock, valued at $6,627,982.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Rodolfo O. Ploder sold 1,719 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $145.70, for a total transaction of $250,458.30. Following the completion of the transaction, the insider now directly owns 43,648 shares in the company, valued at approximately $6,359,513.60. The disclosure for this sale can be found here. Insiders have sold a total of 26,219 shares of company stock worth $3,691,098 in the last three months. Insiders own 1.29% of the company’s stock.
Equifax Company Profile
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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