HB Wealth Management LLC Has $4.63 Million Stock Holdings in Equifax, Inc. (NYSE:EFX)

Key Points

• HB Wealth Management LLC reduced its holdings in Equifax, Inc. by 13.5%, now owning 19,000 shares valued at approximately $4.63 million.
• Equifax reported $2.00 earnings per share for the last quarter, beating expectations, with revenue of $1.54 billion, a 7.4% increase year-over-year.
• A variety of institutional investors, including True Wealth Design LLC and Colonial Trust Co SC, have significantly increased their positions in Equifax during the fourth quarter.

HB Wealth Management LLC reduced its position in Equifax, Inc. (NYSE:EFX - Free Report) by 13.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,000 shares of the credit services provider's stock after selling 2,970 shares during the quarter. HB Wealth Management LLC's holdings in Equifax were worth $4,628,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of 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 in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Equifax in the 4th quarter valued at about $28,000. Colonial Trust Co SC lifted its stake in shares of Equifax by 505.0% in the 4th quarter. Colonial Trust Co SC now owns 121 shares of the credit services provider's stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. City Holding Co. acquired a new position in shares of Equifax in the 1st quarter valued at about $34,000. Finally, ST Germain D J Co. Inc. acquired a new position in Equifax during the 1st quarter worth approximately $38,000. 96.20% of the stock is owned by institutional investors and hedge funds.

Equifax Trading Up 0.4%

Shares of Equifax stock traded up $0.94 during trading hours on Thursday, hitting $243.03. The company's stock had a trading volume of 400,871 shares, compared to its average volume of 1,048,506. Equifax, Inc. has a 12 month low of $199.98 and a 12 month high of $309.63. The stock has a 50 day moving average of $259.57 and a 200 day moving average of $253.02. The company has a market capitalization of $30.09 billion, a PE ratio of 47.62, a price-to-earnings-growth ratio of 2.74 and a beta of 1.60. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.77 and a quick ratio of 0.77.

Equifax (NYSE:EFX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The credit services provider reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company earned $1.82 earnings per share. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts predict that Equifax, Inc. will post 7.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EFX shares. Bank of America downgraded Equifax from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $300.00 to $285.00 in a report on Monday, June 23rd. Oppenheimer reduced their price objective on Equifax from $296.00 to $279.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Stifel Nicolaus boosted their price target on Equifax from $277.00 to $295.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Citigroup reduced their price target on Equifax from $294.00 to $290.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Finally, BMO Capital Markets cut their price objective on Equifax from $280.00 to $260.00 and set a "market perform" rating for the company in a report on Wednesday, July 23rd. 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $285.00.

Insider Activity

In other news, CEO Mark W. Begor sold 48,264 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer directly owned 142,872 shares of the company's stock, valued at $34,533,591.12. This represents a 25.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John W. Gamble, Jr. sold 2,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $259.10, for a total value of $518,200.00. Following the transaction, the executive vice president directly owned 65,176 shares of the company's stock, valued at $16,887,101.60. This represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is 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.