Assenagon Asset Management S.A. decreased its holdings in Equifax Inc. (NYSE:EFX) by 82.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,862 shares of the credit services provider’s stock after selling 68,698 shares during the period. Assenagon Asset Management S.A.’s holdings in Equifax were worth $1,941,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in shares of Equifax in the 3rd quarter valued at about $248,000. Enterprise Financial Services Corp bought a new stake in shares of Equifax in the 3rd quarter valued at about $114,000. Sawtooth Solutions LLC bought a new stake in shares of Equifax in the 3rd quarter valued at about $215,000. Russell Investments Group Ltd. grew its position in shares of Equifax by 92.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 20,037 shares of the credit services provider’s stock valued at $2,615,000 after buying an additional 9,605 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Equifax by 39.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 10,211 shares of the credit services provider’s stock valued at $1,333,000 after buying an additional 2,885 shares during the last quarter. Institutional investors own 91.90% of the company’s stock.
A number of equities research analysts have commented on EFX shares. Zacks Investment Research upgraded Equifax from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Morgan Stanley dropped their price objective on Equifax from $120.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 26th. ValuEngine downgraded Equifax from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. JPMorgan Chase & Co. boosted their price objective on Equifax from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Finally, Wells Fargo & Co boosted their price objective on Equifax from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $127.10.
Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, October 24th. The credit services provider reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.01). The business had revenue of $834.20 million during the quarter, compared to analyst estimates of $857.51 million. Equifax had a net margin of 13.07% and a return on equity of 21.48%. During the same period in the prior year, the firm earned $1.53 earnings per share. On average, equities research analysts forecast that Equifax Inc. will post 5.73 EPS for the current fiscal year.
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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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