QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Equifax Inc. (NYSE:EFX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,900 shares of the credit services provider’s stock, valued at approximately $248,000.
Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Equifax by 0.4% during the 2nd quarter. BlackRock Inc. now owns 9,462,269 shares of the credit services provider’s stock valued at $1,183,824,000 after buying an additional 35,620 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of Equifax by 12,329.7% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,353,220 shares of the credit services provider’s stock valued at $10,893,000 after buying an additional 1,342,333 shares during the last quarter. Senator Investment Group LP acquired a new stake in shares of Equifax during the 2nd quarter valued at about $125,110,000. Meritage Group LP lifted its holdings in shares of Equifax by 1.4% during the 2nd quarter. Meritage Group LP now owns 920,000 shares of the credit services provider’s stock valued at $115,101,000 after buying an additional 12,304 shares during the last quarter. Finally, USS Investment Management Ltd acquired a new stake in shares of Equifax during the 2nd quarter valued at about $82,322,000. Institutional investors and hedge funds own 92.04% of the company’s stock.
EFX has been the subject of several research reports. Zacks Investment Research upgraded Equifax from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Morgan Stanley reduced their target price on Equifax from $120.00 to $117.00 and set an “equal weight” rating for the company in a report on Thursday, July 26th. ValuEngine lowered Equifax from a “hold” rating to a “sell” rating in a report on Thursday, July 26th. JPMorgan Chase & Co. boosted their target price on Equifax from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Finally, Wells Fargo & Co boosted their target price on Equifax from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $126.09.
Equifax (NYSE:EFX) last posted its earnings results on Wednesday, October 24th. The credit services provider reported $1.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.01). Equifax had a return on equity of 21.48% and a net margin of 13.07%. The company had revenue of $834.20 million during the quarter, compared to analyst estimates of $857.51 million. During the same quarter last year, the firm posted $1.53 earnings per share. Equities analysts expect that Equifax Inc. will post 5.73 earnings per share for the current year.
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.
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