Equifax, Inc. (NYSE:EFX) Shares Sold by AGF Management Ltd.

Key Points

• AGF Management Ltd. has reduced its stake in Equifax, Inc. by 8.4%, bringing its total holdings to 27,515 shares valued at approximately $6.7 million.
• Equifax's CEO, Mark W. Begor, sold 48,264 shares on July 28, resulting in a 25.25% decrease in his ownership of the company.
• Equifax reported $2.00 EPS for the last quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 7.4%.

AGF Management Ltd. cut its stake in shares of Equifax, Inc. (NYSE:EFX - Free Report) by 8.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,515 shares of the credit services provider's stock after selling 2,539 shares during the quarter. AGF Management Ltd.'s holdings in Equifax were worth $6,702,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Integrated Advisors Network LLC grew its stake in Equifax by 2.8% during the 4th quarter. Integrated Advisors Network LLC now owns 1,595 shares of the credit services provider's stock valued at $406,000 after acquiring an additional 44 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in Equifax by 3.8% during the 1st quarter. Axxcess Wealth Management LLC now owns 1,395 shares of the credit services provider's stock valued at $340,000 after acquiring an additional 51 shares in the last quarter. LRI Investments LLC grew its stake in Equifax by 5.3% during the 4th quarter. LRI Investments LLC now owns 1,046 shares of the credit services provider's stock valued at $266,000 after acquiring an additional 53 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Equifax by 9.5% during the 1st quarter. First Horizon Advisors Inc. now owns 738 shares of the credit services provider's stock valued at $180,000 after acquiring an additional 64 shares in the last quarter. Finally, Thompson Investment Management Inc. grew its stake in Equifax by 0.4% during the 1st quarter. Thompson Investment Management Inc. now owns 15,661 shares of the credit services provider's stock valued at $3,814,000 after acquiring an additional 67 shares in the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Equifax

In other news, CEO Mark W. Begor sold 48,264 shares of the firm's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $241.71, for a total value of $11,665,891.44. Following the sale, the chief executive officer directly owned 142,872 shares in the company, valued at approximately $34,533,591.12. This trade represents a 25.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company's stock.

Equifax Stock Down 0.1%

Equifax stock traded down $0.33 during mid-day trading on Friday, reaching $247.74. 648,630 shares of the company's stock were exchanged, compared to its average volume of 1,253,604. The company has a market cap of $30.67 billion, a P/E ratio of 48.48, a P/E/G ratio of 2.99 and a beta of 1.64. Equifax, Inc. has a twelve month low of $199.98 and a twelve month high of $309.63. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average of $254.62 and a 200-day moving average of $251.03.

Equifax (NYSE:EFX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The credit services provider reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.92 by $0.08. Equifax had a net margin of 10.95% and a return on equity of 18.89%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the business earned $1.82 EPS. The company's revenue was up 7.4% on a year-over-year basis. Sell-side analysts expect that Equifax, Inc. will post 7.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EFX shares. Robert W. Baird dropped their price objective on shares of Equifax from $310.00 to $289.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. UBS Group dropped their price target on shares of Equifax from $315.00 to $278.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Morgan Stanley reissued an "overweight" rating and issued a $305.00 price target (up previously from $295.00) on shares of Equifax in a research note on Tuesday, June 10th. Bank of America cut shares of Equifax from a "buy" rating to a "neutral" rating and dropped their price target for the company from $300.00 to $285.00 in a research note on Monday, June 23rd. Finally, Stifel Nicolaus increased their price target on shares of Equifax from $277.00 to $295.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $285.00.

Equifax Profile

Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship.