Equifax, Inc. (NYSE:EFX) Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its stake in Equifax by 26.4% during the 1st quarter, now holding 7,067 shares valued at about $1.72 million.
• Equifax reported an earnings per share (EPS) of $2.00 for the last quarter, surpassing analysts' expectations of $1.92, with a year-over-year revenue growth of 7.4%.
• The company has seen significant interest from institutional investors, who collectively own 96.20% of Equifax's stock, reflecting strong market confidence.

Gulf International Bank UK Ltd lessened its position in shares of Equifax, Inc. (NYSE:EFX - Free Report) by 26.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,067 shares of the credit services provider's stock after selling 2,530 shares during the quarter. Gulf International Bank UK Ltd's holdings in Equifax were worth $1,721,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Equifax by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 14,708,331 shares of the credit services provider's stock worth $3,582,361,000 after purchasing an additional 318,826 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Equifax by 15.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,027,817 shares of the credit services provider's stock worth $1,281,340,000 after purchasing an additional 679,688 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in Equifax by 0.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,123,701 shares of the credit services provider's stock worth $796,075,000 after purchasing an additional 11,861 shares in the last quarter. JPMorgan Chase & Co. increased its position in Equifax by 119.3% during the 1st quarter. JPMorgan Chase & Co. now owns 1,453,618 shares of the credit services provider's stock worth $354,044,000 after purchasing an additional 790,919 shares in the last quarter. Finally, Northern Trust Corp increased its position in Equifax by 10.7% during the 4th quarter. Northern Trust Corp now owns 1,207,225 shares of the credit services provider's stock worth $307,661,000 after purchasing an additional 116,524 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company's stock.

Equifax Stock Performance

Shares of EFX opened at $248.19 on Friday. The business's 50 day moving average is $255.04 and its two-hundred day moving average is $251.35. Equifax, Inc. has a 52-week low of $199.98 and a 52-week high of $309.63. The firm has a market cap of $30.73 billion, a price-to-earnings ratio of 48.57, a PEG ratio of 3.05 and a beta of 1.64. 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 announced 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 company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the company posted $1.82 EPS. Equifax's quarterly revenue was up 7.4% on a year-over-year basis. Analysts forecast that Equifax, Inc. will post 7.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. BMO Capital Markets dropped their price objective on Equifax from $280.00 to $260.00 and set a "market perform" rating for the company in a research report on Wednesday, July 23rd. Robert W. Baird dropped their price objective on Equifax from $310.00 to $289.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Royal Bank Of Canada reiterated an "outperform" rating and set a $300.00 price objective on shares of Equifax in a research report on Wednesday, June 18th. Wells Fargo & Company lowered their price target on Equifax from $310.00 to $300.00 and set an "overweight" rating for the company 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 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 company. According to MarketBeat.com, the company 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 company'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 transaction of $11,665,891.44. Following the sale, the chief executive officer directly owned 142,872 shares of the company's stock, valued at approximately $34,533,591.12. This represents a 25.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company's stock.

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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