Frontier Capital Management Co. LLC Decreases Position in Equifax, Inc. (EFX)

Frontier Capital Management Co. LLC lowered its stake in shares of Equifax, Inc. (NYSE:EFX) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,062,286 shares of the credit services provider’s stock after selling 7,063 shares during the period. Equifax accounts for 1.1% of Frontier Capital Management Co. LLC’s portfolio, making the stock its 9th largest position. Frontier Capital Management Co. LLC owned approximately 0.88% of Equifax worth $145,979,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in shares of Equifax by 9.4% in the first quarter. IFP Advisors Inc now owns 745 shares of the credit services provider’s stock valued at $102,000 after buying an additional 64 shares during the last quarter. Parsec Financial Management Inc. boosted its position in shares of Equifax by 3.4% in the first quarter. Parsec Financial Management Inc. now owns 127,769 shares of the credit services provider’s stock valued at $17,471,000 after buying an additional 4,205 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its position in shares of Equifax by 63.2% in the first quarter. Nikko Asset Management Americas Inc. now owns 3,100 shares of the credit services provider’s stock valued at $424,000 after buying an additional 1,200 shares during the last quarter. Shell Asset Management Co. boosted its position in shares of Equifax by 3.7% in the first quarter. Shell Asset Management Co. now owns 24,974 shares of the credit services provider’s stock valued at $3,415,000 after buying an additional 887 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Equifax by 65.1% in the first quarter. Janney Montgomery Scott LLC now owns 22,565 shares of the credit services provider’s stock valued at $3,086,000 after buying an additional 8,896 shares during the last quarter. 89.63% of the stock is currently owned by institutional investors.

Equifax, Inc. (NYSE:EFX) traded down 0.16% on Friday, hitting $140.41. The stock had a trading volume of 35,137 shares. Equifax, Inc. has a 12 month low of $110.87 and a 12 month high of $147.02. The stock has a market cap of $16.90 billion, a P/E ratio of 29.74 and a beta of 0.91. The company’s 50 day moving average is $142.00 and its 200-day moving average is $136.27.

Equifax (NYSE:EFX) last issued its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.03. The company had revenue of $856.70 million for the quarter, compared to the consensus estimate of $860.48 million. Equifax had a return on equity of 24.88% and a net margin of 17.44%. Equifax’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 earnings per share. Analysts forecast that Equifax, Inc. will post $6.08 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 1.11%. Equifax’s dividend payout ratio is currently 33.05%.

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Several research analysts have issued reports on EFX shares. Cowen and Company reissued a “buy” rating and issued a $151.00 target price on shares of Equifax in a research report on Friday, July 28th. Morgan Stanley reissued an “equal weight” rating and issued a $144.00 target price (up from $142.00) on shares of Equifax in a research report on Tuesday, July 18th. Zacks Investment Research cut Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub cut Equifax from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Argus started coverage on Equifax in a research report on Tuesday, June 13th. They issued a “buy” rating and a $166.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $145.45.

In other Equifax news, insider Rodolfo O. Ploder sold 1,719 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $145.70, for a total transaction of $250,458.30. Following the transaction, the insider now owns 43,648 shares in the company, valued at $6,359,513.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John W. Gamble, Jr. sold 14,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $136.44, for a total value of $1,910,160.00. Following the transaction, the chief financial officer now owns 48,578 shares in the company, valued at approximately $6,627,982.32. The disclosure for this sale can be found here. Insiders have sold 26,219 shares of company stock worth $3,691,098 in the last quarter. 1.29% of the stock is currently owned by company insiders.

Equifax Company Profile

Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.

Institutional Ownership by Quarter for Equifax (NYSE:EFX)

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