Several other research analysts have also recently issued reports on EFX. Stephens cut shares of Equifax from an overweight rating to an equal weight rating in a report on Friday, April 28th. Argus began coverage on shares of Equifax in a report on Tuesday, June 13th. They issued a buy rating and a $166.00 target price for the company. BidaskClub raised shares of Equifax from a hold rating to a buy rating in a report on Saturday, June 17th. Zacks Investment Research cut shares of Equifax from a buy rating to a hold rating in a report on Monday, July 17th. Finally, Morgan Stanley reaffirmed an equal weight rating and issued a $144.00 target price (up from $142.00) on shares of Equifax in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Equifax has an average rating of Buy and an average price target of $145.45.
Equifax (NYSE:EFX) traded down 0.53% during mid-day trading on Wednesday, hitting $139.89. The stock had a trading volume of 530,586 shares. The firm has a 50-day moving average of $142.07 and a 200-day moving average of $136.43. Equifax has a 52-week low of $110.87 and a 52-week high of $147.02. The stock has a market cap of $16.84 billion, a P/E ratio of 29.63 and a beta of 0.91.
Equifax (NYSE:EFX) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.03. The firm had revenue of $856.70 million during the quarter, compared to analysts’ expectations of $860.48 million. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. On average, analysts forecast that Equifax will post $6.08 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given 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 1.12%. Equifax’s dividend payout ratio (DPR) is currently 33.05%.
In related news, insider Rodolfo O. Ploder sold 1,719 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $145.70, for a total transaction of $250,458.30. Following the sale, the insider now owns 43,648 shares in the company, valued at $6,359,513.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John W. Gamble, Jr. sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $136.44, for a total transaction of $1,910,160.00. Following the sale, the chief financial officer now owns 48,578 shares in the company, valued at approximately $6,627,982.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,219 shares of company stock worth $3,691,098. 1.29% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its position in shares of Equifax by 58.2% in the fourth quarter. Macquarie Group Ltd. now owns 65,232 shares of the credit services provider’s stock worth $7,712,000 after buying an additional 24,011 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in shares of Equifax by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 104,416 shares of the credit services provider’s stock worth $14,278,000 after buying an additional 3,020 shares during the period. Raymond James Trust N.A. raised its position in shares of Equifax by 5.9% in the first quarter. Raymond James Trust N.A. now owns 2,477 shares of the credit services provider’s stock worth $339,000 after buying an additional 139 shares during the period. Creative Planning raised its position in shares of Equifax by 18.9% in the first quarter. Creative Planning now owns 7,135 shares of the credit services provider’s stock worth $976,000 after buying an additional 1,133 shares during the period. Finally, Gulf International Bank UK Ltd raised its position in shares of Equifax by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 36,985 shares of the credit services provider’s stock worth $5,057,000 after buying an additional 500 shares during the period. Institutional investors own 89.63% of the company’s stock.
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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