Cortland Associates Inc. MO Invests $12.06 Million in Equifax, Inc. $EFX

Key Points

• Cortland Associates Inc. MO has invested approximately $12.06 million in Equifax, Inc., acquiring 46,485 shares, which constitutes around 1.4% of its portfolio.
• Insider trading revealed that CEO Mark W. Begor sold over 48,000 shares for approximately $11.67 million, reducing his ownership by 25.25%.
• Equifax recently announced a quarterly dividend of $0.50 per share, yielding an annualized total of $2.00 with a payout ratio of 39.14%.

Cortland Associates Inc. MO bought a new position in shares of Equifax, Inc. (NYSE:EFX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 46,485 shares of the credit services provider's stock, valued at approximately $12,057,000. Equifax comprises approximately 1.4% of Cortland Associates Inc. MO's portfolio, making the stock its 23rd biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Equifax by 2.2% during the first quarter. Vanguard Group Inc. now owns 14,708,331 shares of the credit services provider's stock worth $3,582,361,000 after acquiring an additional 318,826 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Equifax by 40.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,037,804 shares of the credit services provider's stock worth $1,714,129,000 after acquiring an additional 2,009,987 shares during the last quarter. Harris Associates L P raised its position in shares of Equifax by 27.6% during the first quarter. Harris Associates L P now owns 4,570,557 shares of the credit services provider's stock worth $1,113,205,000 after acquiring an additional 987,772 shares during the last quarter. Generation Investment Management LLP raised its position in shares of Equifax by 63.4% during the first quarter. Generation Investment Management LLP now owns 2,801,325 shares of the credit services provider's stock worth $682,291,000 after acquiring an additional 1,087,446 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Equifax by 119.3% during the first quarter. JPMorgan Chase & Co. now owns 1,453,618 shares of the credit services provider's stock worth $354,044,000 after acquiring an additional 790,919 shares during the last quarter. Institutional investors own 96.20% of the company's stock.

Insider Transactions at Equifax

In other Equifax news, CEO Mark W. Begor sold 48,264 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 142,872 shares of the company's stock, valued at approximately $34,533,591.12. The trade was a 25.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company's stock.

Equifax Stock Up 0.4%

NYSE:EFX opened at $238.29 on Wednesday. Equifax, Inc. has a 1 year low of $199.98 and a 1 year high of $294.92. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.79. The stock has a market cap of $29.50 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 2.78 and a beta of 1.68. The stock has a 50-day moving average price of $248.03 and a two-hundred day moving average price of $251.38.

Equifax (NYSE:EFX - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The credit services provider reported $2.00 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the previous year, the firm earned $1.82 earnings per share. The company's revenue was up 7.4% on a year-over-year basis. Equifax has set its Q3 2025 guidance at 1.870-1.970 EPS. FY 2025 guidance at 7.330-7.630 EPS. As a group, equities analysts expect that Equifax, Inc. will post 7.58 earnings per share for the current year.

Equifax Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. Equifax's payout ratio is presently 39.14%.

Analyst Ratings Changes

EFX has been the subject of a number of analyst reports. Bank of America decreased their price objective on Equifax from $285.00 to $250.00 and set a "neutral" rating for the company in a research note on Friday, October 3rd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $300.00 price objective on shares of Equifax in a research note on Wednesday, June 18th. Morgan Stanley reaffirmed an "overweight" rating on shares of Equifax in a research note on Friday. BMO Capital Markets decreased their price objective on Equifax from $280.00 to $260.00 and set a "market perform" rating for the company in a research note on Wednesday, July 23rd. Finally, Robert W. Baird decreased their price objective on Equifax from $310.00 to $289.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Equifax currently has an average rating of "Moderate Buy" and a consensus price target of $282.47.

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.

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