Cresset Asset Management LLC Lowers Position in Equifax, Inc. $EFX

Key Points

• Cresset Asset Management LLC reduced its stake in Equifax, Inc. by 32.8%, selling 2,330 shares and leaving it with 4,769 shares valued at approximately $1.16 million.
• Equifax's quarterly earnings beat estimates with earnings per share of $2.00 and revenue of $1.54 billion, reflecting a 7.4% increase from the previous year.
• The company announced a quarterly dividend of $0.50 per share, set to be paid on September 15th, representing a 0.8% yield based on an annualized dividend rate.

Cresset Asset Management LLC trimmed its stake in shares of Equifax, Inc. (NYSE:EFX - Free Report) by 32.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,769 shares of the credit services provider's stock after selling 2,330 shares during the quarter. Cresset Asset Management LLC's holdings in Equifax were worth $1,162,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EFX. Integrated Advisors Network LLC increased its holdings in Equifax by 2.8% in the fourth quarter. Integrated Advisors Network LLC now owns 1,595 shares of the credit services provider's stock valued at $406,000 after purchasing an additional 44 shares during the period. Axxcess Wealth Management LLC increased its holdings in Equifax by 3.8% in the first quarter. Axxcess Wealth Management LLC now owns 1,395 shares of the credit services provider's stock valued at $340,000 after purchasing an additional 51 shares during the period. LRI Investments LLC increased its holdings in Equifax by 5.3% in the fourth quarter. LRI Investments LLC now owns 1,046 shares of the credit services provider's stock valued at $266,000 after purchasing an additional 53 shares during the period. First Horizon Advisors Inc. increased its holdings in Equifax by 9.5% in the first quarter. First Horizon Advisors Inc. now owns 738 shares of the credit services provider's stock valued at $180,000 after purchasing an additional 64 shares during the period. Finally, Thompson Investment Management Inc. boosted its stake in shares of Equifax by 0.4% in 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 purchasing an additional 67 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Equifax Stock Performance

Shares of NYSE EFX traded down $2.75 during trading on Tuesday, reaching $248.02. 303,816 shares of the stock traded hands, compared to its average volume of 1,049,137. Equifax, Inc. has a 52-week low of $199.98 and a 52-week high of $309.63. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.77 and a quick ratio of 0.77. The company has a 50-day moving average of $252.32 and a 200-day moving average of $250.28. The stock has a market capitalization of $30.70 billion, a P/E ratio of 48.57, a price-to-earnings-growth ratio of 3.07 and a beta of 1.64.

Equifax (NYSE:EFX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The credit services provider reported $2.00 EPS for the quarter, beating analysts' consensus estimates of $1.92 by $0.08. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.51 billion. Equifax had a return on equity of 18.89% and a net margin of 10.95%.The business's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 EPS. Equifax has set its Q3 2025 guidance at 1.870-1.970 EPS. FY 2025 guidance at 7.330-7.630 EPS. Analysts forecast that Equifax, Inc. will post 7.58 EPS for the current fiscal year.

Equifax Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 2nd. Equifax's dividend payout ratio (DPR) is 39.14%.

Insider Activity at Equifax

In other news, CEO Mark W. Begor sold 48,264 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EFX shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $305.00 price objective (up from $295.00) on shares of Equifax in a research note on Tuesday, June 10th. Royal Bank Of Canada restated an "outperform" rating and issued a $300.00 target price on shares of Equifax in a report on Wednesday, June 18th. Wells Fargo & Company dropped their target price on shares of Equifax from $310.00 to $300.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. BMO Capital Markets dropped their target price on shares of Equifax from $280.00 to $260.00 and set a "market perform" rating on the stock in a report on Wednesday, July 23rd. Finally, Barclays dropped their target price on shares of Equifax from $260.00 to $240.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $283.53.

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.