Equifax, Inc. (NYSE:EFX) had its price target lowered by Morgan Stanley from $144.00 to $140.00 in a research note published on Friday. The brokerage currently has an equal weight rating on the credit services provider’s stock.
Several other research firms have also issued reports on EFX. J P Morgan Chase & Co reiterated a buy rating on shares of Equifax in a research note on Friday. Cowen and Company reiterated a buy rating and issued a $151.00 target price on shares of Equifax in a research note on Friday, July 28th. Deutsche Bank AG reiterated a buy rating and issued a $160.00 target price (up previously from $140.00) on shares of Equifax in a research note on Thursday, July 27th. BidaskClub upgraded Equifax from a hold rating to a buy rating in a research note on Saturday, June 17th. Finally, Royal Bank Of Canada reiterated a buy rating on shares of Equifax in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $147.50.
Shares of Equifax (NYSE:EFX) opened at 113.12 on Friday. The company’s 50-day moving average is $142.17 and its 200 day moving average is $138.15. The stock has a market capitalization of $13.62 billion, a P/E ratio of 23.96 and a beta of 0.93. Equifax has a 12 month low of $110.87 and a 12 month high of $147.02.
Equifax (NYSE:EFX) last posted its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.03. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The company had revenue of $856.70 million for the quarter, compared to analyst estimates of $860.48 million. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts predict that Equifax will post $6.07 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.38%. Equifax’s payout ratio is 33.05%.
In related news, insider Joseph Michael Loughran III sold 4,000 shares of Equifax stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $146.02, for a total transaction of $584,080.00. Following the completion of the sale, the insider now owns 42,723 shares of the company’s stock, valued at $6,238,412.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John W. Gamble, Jr. sold 6,500 shares of Equifax stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $145.60, for a total value of $946,400.00. Following the sale, the chief financial officer now directly owns 42,078 shares of the company’s stock, valued at approximately $6,126,556.80. The disclosure for this sale can be found here. Insiders have sold 12,219 shares of company stock worth $1,780,938 in the last 90 days. Insiders own 1.29% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its holdings in shares of Equifax by 9.4% during the first quarter. IFP Advisors Inc now owns 745 shares of the credit services provider’s stock worth $102,000 after purchasing an additional 64 shares during the period. YorkBridge Wealth Partners LLC lifted its holdings in shares of Equifax by 23.8% during the first quarter. YorkBridge Wealth Partners LLC now owns 744 shares of the credit services provider’s stock worth $102,000 after purchasing an additional 143 shares during the period. Sun Life Financial INC lifted its holdings in shares of Equifax by 9,722.2% during the second quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock worth $121,000 after purchasing an additional 875 shares during the period. ETF Managers Group LLC acquired a new stake in shares of Equifax during the second quarter worth about $137,000. Finally, SNS Financial Group LLC acquired a new stake in shares of Equifax during the second quarter worth about $200,000. 90.02% of the stock is owned by hedge funds and other institutional investors.
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.
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