Pictet Asset Management Ltd. trimmed its holdings in shares of Equifax Inc. (NYSE:EFX) by 26.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,946 shares of the credit services provider’s stock after selling 42,800 shares during the quarter. Pictet Asset Management Ltd. owned 0.10% of Equifax worth $15,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in EFX. Janney Montgomery Scott LLC grew its position in shares of Equifax by 76.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,159 shares of the credit services provider’s stock worth $771,000 after buying an additional 2,668 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Equifax during the 2nd quarter worth approximately $175,000. TD Asset Management Inc. grew its position in shares of Equifax by 0.8% during the 2nd quarter. TD Asset Management Inc. now owns 69,689 shares of the credit services provider’s stock worth $8,719,000 after buying an additional 571 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Equifax by 2.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 375,994 shares of the credit services provider’s stock worth $47,041,000 after buying an additional 8,954 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Equifax by 2.5% during the 2nd quarter. Victory Capital Management Inc. now owns 19,136 shares of the credit services provider’s stock worth $2,394,000 after buying an additional 463 shares during the period. Hedge funds and other institutional investors own 90.51% of the company’s stock.
Several equities research analysts have recently commented on EFX shares. BMO Capital Markets reiterated a “buy” rating on shares of Equifax in a research report on Tuesday, November 13th. ValuEngine upgraded shares of Equifax from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Deutsche Bank set a $128.00 price target on shares of Equifax and gave the stock a “buy” rating in a research report on Friday, October 26th. TheStreet cut shares of Equifax from a “b” rating to a “c” rating in a research report on Wednesday, October 24th. Finally, Barclays lowered their price target on shares of Equifax from $120.00 to $105.00 and set an “equal weight” rating for the company in a research report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Equifax presently has a consensus rating of “Hold” and an average target price of $128.44.
Equifax stock opened at $99.28 on Thursday. Equifax Inc. has a fifty-two week low of $90.54 and a fifty-two week high of $138.69. The company has a market cap of $11.97 billion, a P/E ratio of 16.63, a PEG ratio of 2.41 and a beta of 1.11. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.19 and a current ratio of 1.19.
Equifax (NYSE:EFX) last released its quarterly earnings data on Wednesday, October 24th. The credit services provider reported $1.41 earnings per share for the quarter, missing the 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 firm had revenue of $834.20 million for the quarter, compared to the consensus estimate of $857.51 million. During the same period in the previous year, the business earned $1.53 EPS. Analysts expect that Equifax Inc. will post 5.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.57%. The ex-dividend date is Wednesday, November 21st. Equifax’s payout ratio is 26.13%.
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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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