Northwestern Mutual Investment Management Company LLC decreased its holdings in shares of Equifax, Inc. (NYSE:EFX) by 81.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,539 shares of the credit services provider’s stock after selling 19,699 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Equifax were worth $583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Equifax by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 11,433,584 shares of the credit services provider’s stock valued at $1,563,429,000 after acquiring an additional 373,774 shares during the period. BlackRock Inc. grew its position in shares of Equifax by 1,540.8% during the 1st quarter. BlackRock Inc. now owns 9,280,680 shares of the credit services provider’s stock valued at $1,269,041,000 after acquiring an additional 8,715,062 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Equifax by 3.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,997,177 shares of the credit services provider’s stock valued at $820,055,000 after acquiring an additional 212,392 shares during the period. Wellington Management Group LLP grew its position in shares of Equifax by 2.6% during the 1st quarter. Wellington Management Group LLP now owns 5,351,242 shares of the credit services provider’s stock valued at $731,730,000 after acquiring an additional 134,056 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Equifax by 13.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,491,995 shares of the credit services provider’s stock valued at $205,030,000 after acquiring an additional 174,149 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.
EFX has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on shares of Equifax from $144.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday. J P Morgan Chase & Co restated a “buy” rating on shares of Equifax in a research note on Friday. Cowen and Company restated a “buy” rating and set a $151.00 target price on shares of Equifax in a research note on Friday, July 28th. Deutsche Bank AG restated a “buy” rating and set a $160.00 target price (up previously from $140.00) on shares of Equifax in a research note on Thursday, July 27th. Finally, BidaskClub upgraded shares of Equifax from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Equifax currently has a consensus rating of “Buy” and a consensus price target of $147.50.
Equifax, Inc. (NYSE EFX) opened at 113.12 on Tuesday. Equifax, Inc. has a one year low of $110.87 and a one year high of $147.02. The company has a market capitalization of $13.62 billion, a P/E ratio of 23.96 and a beta of 0.93. The company’s 50-day moving average is $142.17 and its 200 day moving average is $138.15.
Equifax (NYSE:EFX) last issued its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.03. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The company had revenue of $856.70 million for the quarter, compared to the consensus estimate of $860.48 million. During the same period in the previous year, the firm earned $1.43 earnings per share. Equifax’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts anticipate that Equifax, Inc. will post $6.07 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, August 23rd. Equifax’s dividend payout ratio (DPR) is presently 33.05%.
In other Equifax news, CFO John W. Gamble, Jr. sold 6,500 shares of Equifax stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total transaction of $946,400.00. Following the completion of the sale, the chief financial officer now directly owns 42,078 shares in the company, valued at $6,126,556.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph Michael Loughran III sold 4,000 shares of Equifax stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $146.02, for a total transaction of $584,080.00. Following the sale, the insider now owns 42,723 shares of the company’s stock, valued at $6,238,412.46. The disclosure for this sale can be found here. Insiders have sold 12,219 shares of company stock worth $1,780,938 over the last ninety days. 1.29% of the stock is owned by insiders.
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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