BlackRock Inc. reduced its stake in shares of Equifax Inc. (NYSE:EFX) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,351,389 shares of the credit services provider’s stock after selling 110,880 shares during the quarter. BlackRock Inc. owned approximately 7.76% of Equifax worth $1,221,009,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Enterprise Financial Services Corp acquired a new stake in Equifax in the third quarter valued at approximately $114,000. Qube Research & Technologies Ltd lifted its stake in Equifax by 1,375.6% in the second quarter. Qube Research & Technologies Ltd now owns 1,151 shares of the credit services provider’s stock valued at $144,000 after acquiring an additional 1,073 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in Equifax in the second quarter valued at approximately $158,000. Piedmont Investment Advisors LLC acquired a new stake in Equifax in the second quarter valued at approximately $175,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Equifax by 105.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,431 shares of the credit services provider’s stock valued at $187,000 after acquiring an additional 735 shares during the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.
A number of analysts have issued reports on the stock. Morgan Stanley reiterated a “hold” rating and issued a $127.00 target price on shares of Equifax in a research note on Thursday, September 13th. ValuEngine upgraded shares of Equifax from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Wells Fargo & Co boosted their price objective on shares of Equifax from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, October 1st. Bank of America began coverage on shares of Equifax in a research note on Tuesday, October 23rd. They issued an “underperform” rating and a $123.00 price objective for the company. Finally, BMO Capital Markets restated a “buy” rating on shares of Equifax in a research note on Tuesday, November 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $128.44.
Shares of Equifax stock opened at $99.28 on Thursday. Equifax Inc. has a 1-year low of $90.54 and a 1-year high of $138.69. The firm has a market capitalization of $11.97 billion, a PE ratio of 16.63, a PEG ratio of 2.41 and a beta of 1.11. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.81.
Equifax (NYSE:EFX) last announced its earnings results on Wednesday, October 24th. The credit services provider reported $1.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.01). Equifax had a return on equity of 21.48% and a net margin of 13.07%. The company had revenue of $834.20 million for the quarter, compared to the consensus estimate of $857.51 million. During the same period last year, the firm posted $1.53 EPS. As a group, analysts anticipate that Equifax Inc. will post 5.73 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, November 21st. Equifax’s dividend payout ratio (DPR) is currently 26.13%.
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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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