Viking Global Investors LP boosted its stake in shares of Equifax Inc. (NYSE:EFX) by 334.5% during the 4th quarter, Holdings Channel reports. The fund owned 2,336,753 shares of the credit services provider’s stock after purchasing an additional 1,798,947 shares during the period. Equifax accounts for about 1.7% of Viking Global Investors LP’s holdings, making the stock its 25th largest position. Viking Global Investors LP’s holdings in Equifax were worth $275,550,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of EFX. Capital International Investors bought a new stake in Equifax during the third quarter worth approximately $513,940,000. Iridian Asset Management LLC CT bought a new stake in Equifax during the fourth quarter worth approximately $104,558,000. OppenheimerFunds Inc. increased its stake in Equifax by 74.7% during the fourth quarter. OppenheimerFunds Inc. now owns 2,029,934 shares of the credit services provider’s stock worth $239,369,000 after acquiring an additional 867,664 shares during the last quarter. Mackenzie Financial Corp increased its stake in Equifax by 280.1% during the fourth quarter. Mackenzie Financial Corp now owns 973,410 shares of the credit services provider’s stock worth $114,785,000 after acquiring an additional 717,320 shares during the last quarter. Finally, Meritage Group LP bought a new stake in Equifax during the third quarter worth approximately $50,723,000. 92.62% of the stock is currently owned by institutional investors.
Equifax Inc. (EFX) opened at $124.92 on Friday. The company has a market capitalization of $15,005.89, a P/E ratio of 20.96, a PEG ratio of 2.11 and a beta of 0.99. Equifax Inc. has a 52 week low of $89.59 and a 52 week high of $147.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.60 and a current ratio of 0.60.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Monday, March 12th will be issued a $0.39 dividend. The ex-dividend date is Friday, March 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.25%. Equifax’s payout ratio is 32.30%.
EFX has been the topic of several analyst reports. Zacks Investment Research raised Equifax from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Royal Bank of Canada boosted their price objective on Equifax from $113.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Monday, November 13th. Robert W. Baird reissued a “buy” rating and set a $137.00 price objective on shares of Equifax in a research note on Tuesday, January 9th. SunTrust Banks boosted their price objective on Equifax to $140.00 and gave the stock a “buy” rating in a research note on Monday, March 5th. Finally, Barclays reduced their price objective on Equifax from $120.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Monday, March 5th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $130.07.
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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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