Janney Montgomery Scott LLC grew its stake in Equifax Inc. (NYSE:EFX) by 93.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,989 shares of the credit services provider’s stock after purchasing an additional 6,263 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Equifax were worth $1,757,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. NuWave Investment Management LLC increased its stake in shares of Equifax by 933.3% in the 2nd quarter. NuWave Investment Management LLC now owns 186 shares of the credit services provider’s stock worth $25,000 after acquiring an additional 168 shares during the last quarter. Ellis Investment Partners LLC purchased a new position in Equifax during the first quarter worth about $36,000. Parallel Advisors LLC raised its stake in shares of Equifax by 139.0% in the 1st quarter. Parallel Advisors LLC now owns 380 shares of the credit services provider’s stock valued at $45,000 after acquiring an additional 221 shares during the period. Trustcore Financial Services LLC acquired a new position in shares of Equifax in the 1st quarter worth approximately $54,000. Finally, Quadrant Capital Group LLC boosted its position in shares of Equifax by 944.6% during the 1st quarter. Quadrant Capital Group LLC now owns 585 shares of the credit services provider’s stock worth $67,000 after purchasing an additional 529 shares during the period. 97.02% of the stock is owned by institutional investors and hedge funds.
EFX stock traded down $4.50 during midday trading on Tuesday, reaching $140.00. 1,345,000 shares of the company were exchanged, compared to its average volume of 903,622. The stock’s 50-day simple moving average is $142.58 and its 200 day simple moving average is $128.50. The company has a market cap of $16.92 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 3.00 and a beta of 1.23. Equifax Inc. has a 1-year low of $88.68 and a 1-year high of $148.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.54 and a current ratio of 0.54.
Equifax (NYSE:EFX) last posted its earnings results on Wednesday, July 24th. The credit services provider reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.04. Equifax had a positive return on equity of 22.63% and a negative net margin of 12.52%. The business had revenue of $880.00 million during the quarter, compared to the consensus estimate of $873.74 million. During the same period in the previous year, the business earned $1.56 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis. On average, research analysts anticipate that Equifax Inc. will post 5.59 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 23rd will be issued a $0.39 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.11%. Equifax’s payout ratio is 26.94%.
A number of research analysts have commented on the company. Royal Bank of Canada initiated coverage on Equifax in a research note on Wednesday, July 3rd. They set an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Equifax from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. ValuEngine upgraded shares of Equifax from a “hold” rating to a “buy” rating in a report on Tuesday, May 28th. Morgan Stanley raised their price target on shares of Equifax from $115.00 to $129.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th. Finally, Deutsche Bank increased their price objective on Equifax from $110.00 to $136.00 and gave the company a “hold” rating in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $130.09.
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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