1,517 Shares in Equifax, Inc. (NYSE:EFX) Bought by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors has acquired a new stake in Equifax, Inc., purchasing 1,517 shares valued at approximately $370,000 during Q1.
• Institutional investors and hedge funds hold a substantial 96.20% of Equifax's shares, indicating strong institutional confidence in the company.
• Equifax reported an EPS of $2.00 for the last quarter, outperforming estimates and showing a 7.4% increase in revenue year-over-year.

Arkadios Wealth Advisors acquired a new stake in shares of Equifax, Inc. (NYSE:EFX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,517 shares of the credit services provider's stock, valued at approximately $370,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC grew its holdings in shares of Equifax by 12.0% in the first quarter. DAVENPORT & Co LLC now owns 2,212 shares of the credit services provider's stock worth $539,000 after purchasing an additional 237 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Equifax by 1,464.7% in the 1st quarter. Teacher Retirement System of Texas now owns 18,119 shares of the credit services provider's stock valued at $4,413,000 after acquiring an additional 16,961 shares during the period. OneDigital Investment Advisors LLC bought a new position in Equifax in the first quarter worth about $209,000. QRG Capital Management Inc. lifted its position in Equifax by 19.9% during the first quarter. QRG Capital Management Inc. now owns 1,611 shares of the credit services provider's stock valued at $392,000 after acquiring an additional 267 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Equifax by 44.2% during the 1st quarter. SG Americas Securities LLC now owns 5,229 shares of the credit services provider's stock worth $1,274,000 after buying an additional 1,602 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.

Equifax Trading Up 0.4%

Shares of EFX stock traded up $1.08 during trading hours on Thursday, reaching $241.66. 772,223 shares of the stock traded hands, compared to its average volume of 1,131,071. The business has a fifty day moving average price of $257.47 and a 200 day moving average price of $252.42. The firm has a market capitalization of $29.92 billion, a PE ratio of 32.08, a PEG ratio of 2.90 and a beta of 1.64. Equifax, Inc. has a 1-year low of $199.98 and a 1-year 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.

Equifax (NYSE:EFX - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The credit services provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.92 by $0.08. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.51 billion. Equifax had a net margin of 10.95% and a return on equity of 18.89%. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 earnings per share. On average, equities research analysts forecast that Equifax, Inc. will post 7.58 EPS for the current year.

Analyst Upgrades and Downgrades

EFX has been the topic of several research analyst reports. Morgan Stanley reiterated an "overweight" rating and set a $305.00 price target (up previously from $295.00) on shares of Equifax in a research note on Tuesday, June 10th. Wells Fargo & Company decreased their target price on Equifax from $310.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Bank of America lowered Equifax from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $300.00 to $285.00 in a research note on Monday, June 23rd. Robert W. Baird lowered their price objective on Equifax from $310.00 to $289.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Finally, Oppenheimer lowered their target price on shares of Equifax from $296.00 to $279.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $285.00.

Insider Buying and Selling at Equifax

In other news, CEO Mark W. Begor sold 48,264 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $241.71, for a total value of $11,665,891.44. Following the transaction, the chief executive officer directly owned 142,872 shares of the company's stock, valued at $34,533,591.12. The trade was a 25.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.40% of the company's stock.

Equifax Company 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.