Connor Clark & Lunn Investment Management Ltd. Raises Holdings in Equifax, Inc. (NYSE:EFX)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in Equifax, Inc. by 75% in Q1, acquiring an additional 46,078 shares and now holding a total of 107,486 shares worth approximately $26.2 million.
• Several other large investors significantly raised their positions in Equifax, with Lazard Asset Management and GAMMA Investing increasing theirs by over 7,800% and 24,300%, respectively.
• Equifax reported earnings of $2.00 per share for the last quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 7.4%.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Equifax, Inc. (NYSE:EFX - Free Report) by 75.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,486 shares of the credit services provider's stock after acquiring an additional 46,078 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.09% of Equifax worth $26,179,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its position in Equifax by 1,920.0% during the 4th quarter. True Wealth Design LLC now owns 101 shares of the credit services provider's stock worth $26,000 after purchasing an additional 96 shares during the period. Ameriflex Group Inc. acquired a new position in Equifax during the 4th quarter worth approximately $28,000. N.E.W. Advisory Services LLC acquired a new position in Equifax during the 1st quarter worth approximately $28,000. Colonial Trust Co SC increased its position in Equifax by 505.0% during the 4th quarter. Colonial Trust Co SC now owns 121 shares of the credit services provider's stock worth $31,000 after purchasing an additional 101 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Equifax in the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 96.20% of the company's stock.

Equifax Trading Up 0.6%

Shares of Equifax stock traded up $1.44 during trading hours on Tuesday, reaching $241.07. 899,060 shares of the company's stock were exchanged, compared to its average volume of 1,225,270. Equifax, Inc. has a 52-week low of $199.98 and a 52-week high of $309.63. The firm has a market capitalization of $29.84 billion, a price-to-earnings ratio of 47.18, a price-to-earnings-growth ratio of 2.89 and a beta of 1.64. The company has a fifty day moving average of $255.67 and a 200-day moving average of $251.52. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.79.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. UBS Group lowered their price target on Equifax from $315.00 to $278.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Oppenheimer lowered their price target on Equifax from $296.00 to $279.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Bank of America cut Equifax from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $300.00 to $285.00 in a report on Monday, June 23rd. Robert W. Baird lowered their price target on Equifax from $310.00 to $289.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Finally, Needham & Company LLC restated a "buy" rating and issued a $295.00 price target on shares of Equifax in a report on Friday, June 20th. Seven investment 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 company. Based on data from MarketBeat, Equifax has an average rating of "Moderate Buy" and a consensus price target of $285.00.

Insider Buying and Selling at Equifax

In related news, CEO Mark W. Begor sold 48,264 shares of the stock in a transaction 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 approximately $34,533,591.12. This trade represents a 25.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate 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.