TD Asset Management Inc. reduced its holdings in Equifax Inc. (NYSE:EFX) by 6.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,158 shares of the credit services provider’s stock after selling 5,265 shares during the period. TD Asset Management Inc. owned approximately 0.06% of Equifax worth $10,571,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in EFX. NuWave Investment Management LLC raised its stake in Equifax by 933.3% in the second quarter. NuWave Investment Management LLC now owns 186 shares of the credit services provider’s stock valued at $25,000 after buying an additional 168 shares during the period. Ellis Investment Partners LLC acquired a new stake in shares of Equifax during the 1st quarter worth about $36,000. Parallel Advisors LLC boosted its holdings in shares of Equifax by 139.0% during the 1st quarter. Parallel Advisors LLC now owns 380 shares of the credit services provider’s stock worth $45,000 after buying an additional 221 shares during the period. Trustcore Financial Services LLC bought a new stake in shares of Equifax during the 1st quarter worth about $54,000. Finally, Quadrant Capital Group LLC grew its stake in Equifax by 944.6% in the 1st quarter. Quadrant Capital Group LLC now owns 585 shares of the credit services provider’s stock valued at $67,000 after buying an additional 529 shares during the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have issued reports on EFX. Stephens raised their price objective on shares of Equifax from $130.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. TD Securities upgraded Equifax to a “buy” rating in a research note on Wednesday, September 4th. Zacks Investment Research upgraded Equifax from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Robert W. Baird increased their target price on shares of Equifax from $129.00 to $153.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Deutsche Bank boosted their price target 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 assigned a buy rating to the stock. Equifax presently has an average rating of “Hold” and an average price target of $130.09.
EFX stock traded down $4.50 during midday trading on Tuesday, reaching $140.00. 1,345,000 shares of the stock were exchanged, compared to its average volume of 903,622. The company has a fifty day moving average price of $142.58 and a 200 day moving average price of $128.50. The stock has a market capitalization of $16.92 billion, a PE ratio of 24.18, a P/E/G ratio of 3.00 and a beta of 1.23. Equifax Inc. has a 52 week low of $88.68 and a 52 week high of $148.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.54 and a quick ratio of 0.54.
Equifax (NYSE:EFX) last posted its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $1.40 earnings per share for the quarter, beating the Zacks’ 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 prior year, the business posted $1.56 earnings per share. Equifax’s quarterly revenue was up .4% on a year-over-year basis. As a group, analysts anticipate that Equifax Inc. will post 5.59 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 23rd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, August 22nd. Equifax’s dividend payout ratio (DPR) is presently 26.94%.
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.
Further Reading: Example of operating income, EBIT and EBITDA
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