Bryce Point Capital LLC Trims Position in Equifax, Inc. (NYSE:EFX)

Key Points

• Bryce Point Capital LLC reduced its stake in Equifax, Inc. by 41.6% during the first quarter, holding 3,465 shares after selling 2,464 shares, which were valued at approximately $853,000.
• Several hedge funds, like Brighton Jones LLC and Teacher Retirement System of Texas, increased their investments in Equifax during the fourth quarter, with Brighton Jones raising its position by 49.2%.
• Equifax reported a quarterly earnings per share of $2.00, beating estimates of $1.92, and its revenue increased by 7.4% compared to the previous year.

Bryce Point Capital LLC cut its position in Equifax, Inc. (NYSE:EFX - Free Report) by 41.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,465 shares of the credit services provider's stock after selling 2,464 shares during the period. Bryce Point Capital LLC's holdings in Equifax were worth $853,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC raised its holdings in shares of Equifax by 1,920.0% during the fourth quarter. True Wealth Design LLC now owns 101 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 96 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in Equifax during the fourth quarter valued at approximately $28,000. Colonial Trust Co SC increased its holdings in Equifax by 505.0% during the fourth quarter. Colonial Trust Co SC now owns 121 shares of the credit services provider's stock valued at $31,000 after buying an additional 101 shares during the last quarter. City Holding Co. purchased a new stake in Equifax during the first quarter valued at approximately $34,000. Finally, ST Germain D J Co. Inc. purchased a new stake in Equifax during the first quarter valued at approximately $38,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EFX has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $300.00 target price on shares of Equifax in a report on Wednesday, June 18th. Oppenheimer dropped their price target on shares of Equifax from $296.00 to $279.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Morgan Stanley reiterated an "overweight" rating and issued a $305.00 price target (up from $295.00) on shares of Equifax in a research report on Tuesday, June 10th. JPMorgan Chase & Co. dropped their price target on shares of Equifax from $277.00 to $272.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus upped their price target on shares of Equifax from $277.00 to $295.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Equifax currently has an average rating of "Moderate Buy" and an average target price of $285.00.

Equifax Trading Up 0.2%

EFX stock traded up $0.47 during trading on Thursday, hitting $242.56. The company had a trading volume of 595,123 shares, compared to its average volume of 1,050,071. The firm has a market capitalization of $30.03 billion, a P/E ratio of 47.51, a PEG ratio of 2.74 and a beta of 1.60. Equifax, Inc. has a 52-week low of $199.98 and a 52-week high of $309.63. The company has a 50 day simple moving average of $259.57 and a 200-day simple moving average of $253.02. 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 quarterly 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. Equifax had a net margin of 10.95% and a return on equity of 18.89%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm posted $1.82 EPS. The firm's revenue was up 7.4% compared to the same quarter last year. As a group, research analysts forecast that Equifax, Inc. will post 7.58 earnings per share for the current fiscal year.

Insider Transactions at Equifax

In related news, EVP John W. Gamble, Jr. sold 2,000 shares of Equifax stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $259.10, for a total value of $518,200.00. Following the completion of the sale, the executive vice president directly owned 65,176 shares in the company, valued at $16,887,101.60. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark W. Begor sold 48,264 shares of Equifax stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $241.71, for a total transaction of $11,665,891.44. Following the completion of the sale, the chief executive officer owned 142,872 shares of the company's stock, valued at $34,533,591.12. This trade represents a 25.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

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.