Geode Capital Management LLC boosted its stake in Equifax Inc. (NYSE:EFX – Get Rating) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,233,579 shares of the credit services provider’s stock after acquiring an additional 102,843 shares during the period. Geode Capital Management LLC owned about 1.83% of Equifax worth $652,242,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Foyston Gordon & Payne Inc increased its stake in Equifax by 13.2% in the fourth quarter. Foyston Gordon & Payne Inc now owns 37,351 shares of the credit services provider’s stock valued at $10,936,000 after purchasing an additional 4,365 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Equifax by 6.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,335 shares of the credit services provider’s stock worth $391,000 after acquiring an additional 86 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Equifax by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 559,682 shares of the credit services provider’s stock worth $163,869,000 after acquiring an additional 12,905 shares during the period. Ensign Peak Advisors Inc increased its stake in shares of Equifax by 10.6% during the fourth quarter. Ensign Peak Advisors Inc now owns 79,070 shares of the credit services provider’s stock worth $23,152,000 after acquiring an additional 7,572 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of Equifax by 5.8% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 7,174 shares of the credit services provider’s stock worth $2,100,000 after acquiring an additional 392 shares during the period. Institutional investors own 90.92% of the company’s stock.
NYSE EFX opened at $194.61 on Monday. Equifax Inc. has a 12 month low of $185.76 and a 12 month high of $300.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market capitalization of $23.81 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 1.63 and a beta of 1.50. The company’s fifty day moving average price is $217.23 and its two-hundred day moving average price is $243.51.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, May 25th will be given a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, May 24th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.80%. Equifax’s payout ratio is currently 25.20%.
In related news, CEO Mark W. Begor sold 15,000 shares of the stock in a transaction dated Wednesday, April 27th. The shares were sold at an average price of $204.74, for a total value of $3,071,100.00. Following the sale, the chief executive officer now owns 43,692 shares of the company’s stock, valued at approximately $8,945,500.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sid Singh sold 19,222 shares of the stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $215.93, for a total transaction of $4,150,606.46. The disclosure for this sale can be found here. Company insiders own 1.57% of the company’s stock.
EFX has been the topic of a number of recent analyst reports. Credit Suisse Group dropped their price target on shares of Equifax from $285.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, April 22nd. Morgan Stanley decreased their price objective on shares of Equifax from $274.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, April 22nd. Zacks Investment Research raised shares of Equifax from a “sell” rating to a “hold” rating and set a $246.00 price target on the stock in a report on Friday, February 11th. The Goldman Sachs Group reduced their price target on shares of Equifax from $255.00 to $221.00 and set a “neutral” rating on the stock in a report on Thursday, April 21st. Finally, TheStreet raised shares of Equifax from a “c+” rating to a “b-” rating in a report on Wednesday, April 27th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $260.54.
Equifax Company Profile (Get Rating)
Equifax Inc provides information solutions and human resources business process automation outsourcing services for businesses, governments, and consumers. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers employment, income, criminal history, and social security number verification services, as well as payroll-based transaction, employment tax management, and identity theft protection products.
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