OppenheimerFunds Inc. lifted its stake in Equifax Inc. (NYSE:EFX) by 0.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,737,528 shares of the credit services provider’s stock after purchasing an additional 15,617 shares during the quarter. OppenheimerFunds Inc. owned about 1.44% of Equifax worth $205,897,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in EFX. Massachusetts Financial Services Co. MA raised its position in Equifax by 49.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,910,763 shares of the credit services provider’s stock worth $550,470,000 after buying an additional 1,954,808 shares during the last quarter. Norges Bank purchased a new position in Equifax during the 4th quarter worth approximately $102,210,000. Mackenzie Financial Corp grew its stake in shares of Equifax by 44.5% during the 4th quarter. Mackenzie Financial Corp now owns 2,764,891 shares of the credit services provider’s stock worth $257,494,000 after purchasing an additional 851,486 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Equifax by 91.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,581,017 shares of the credit services provider’s stock worth $147,240,000 after purchasing an additional 756,980 shares during the period. Finally, Fundsmith LLP acquired a new stake in shares of Equifax during the 4th quarter worth approximately $49,149,000. 94.48% of the stock is owned by hedge funds and other institutional investors.
EFX stock traded down $0.82 during midday trading on Friday, reaching $131.81. The stock had a trading volume of 6,842 shares, compared to its average volume of 709,906. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $15.83 billion, a P/E ratio of 22.77, a PEG ratio of 2.72 and a beta of 1.21. Equifax Inc. has a 52-week low of $88.68 and a 52-week high of $138.69.
Equifax (NYSE:EFX) last announced its quarterly earnings data on Friday, May 10th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The company had revenue of $846.10 million for the quarter, compared to analyst estimates of $850.07 million. Equifax had a positive return on equity of 21.95% and a negative net margin of 10.23%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 EPS. On average, equities analysts forecast that Equifax Inc. will post 5.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 1.18%. Equifax’s payout ratio is currently 26.94%.
A number of equities research analysts have recently commented on EFX shares. Morgan Stanley set a $103.00 price objective on shares of Equifax and gave the stock a “hold” rating in a research note on Friday, February 22nd. Robert W. Baird reaffirmed a “buy” rating and set a $119.00 price objective on shares of Equifax in a research note on Friday, February 22nd. SunTrust Banks reaffirmed a “buy” rating and set a $125.00 price objective on shares of Equifax in a research note on Friday, February 22nd. They noted that the move was a valuation call. BNP Paribas started coverage on shares of Equifax in a research note on Friday, March 15th. They set an “underperform” rating and a $106.00 price objective on the stock. Finally, Credit Suisse Group raised their price objective on shares of Equifax from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, February 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $121.27.
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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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