Fiduciary Trust Co. lessened its stake in shares of Equifax Inc. (NYSE:EFX) by 8.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,464 shares of the credit services provider’s stock after selling 1,166 shares during the period. Fiduciary Trust Co.’s holdings in Equifax were worth $1,684,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Independent Franchise Partners LLP acquired a new stake in shares of Equifax in the first quarter worth $458,468,000. Neuberger Berman Group LLC grew its stake in shares of Equifax by 101.8% in the first quarter. Neuberger Berman Group LLC now owns 2,214,694 shares of the credit services provider’s stock worth $260,913,000 after acquiring an additional 1,117,226 shares during the last quarter. Farallon Capital Management LLC grew its stake in shares of Equifax by 8.1% in the first quarter. Farallon Capital Management LLC now owns 1,404,828 shares of the credit services provider’s stock worth $165,503,000 after acquiring an additional 105,653 shares during the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of Equifax by 12,329.7% in the second quarter. Cornerstone Wealth Management LLC now owns 1,353,220 shares of the credit services provider’s stock worth $10,893,000 after acquiring an additional 1,342,333 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Equifax by 178.6% in the first quarter. JPMorgan Chase & Co. now owns 746,891 shares of the credit services provider’s stock worth $87,991,000 after acquiring an additional 478,764 shares during the last quarter. Institutional investors own 91.88% of the company’s stock.
EFX has been the topic of several research analyst reports. Morgan Stanley raised their price objective on shares of Equifax from $119.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, April 27th. ValuEngine downgraded shares of Equifax from a “hold” rating to a “sell” rating in a research note on Friday, May 4th. Zacks Investment Research downgraded shares of Equifax from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Equifax from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $123.54.
Shares of Equifax opened at $128.40 on Friday, Marketbeat.com reports. The firm has a market capitalization of $15.36 billion, a P/E ratio of 21.58, a PEG ratio of 2.90 and a beta of 0.88. Equifax Inc. has a one year low of $89.59 and a one year high of $143.41. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.40 and a quick ratio of 1.40.
Equifax (NYSE:EFX) last issued its earnings results on Wednesday, July 25th. The credit services provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.54 by $0.02. The firm had revenue of $876.90 million during the quarter, compared to analysts’ expectations of $886.00 million. Equifax had a return on equity of 22.03% and a net margin of 14.76%. Equifax’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $1.60 earnings per share. sell-side analysts predict that Equifax Inc. will post 5.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 24th will be given a $0.39 dividend. The ex-dividend date is Thursday, August 23rd. This represents a $1.56 annualized dividend and a yield of 1.21%. Equifax’s dividend payout ratio (DPR) is currently 26.13%.
Equifax Company Profile
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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