Forsta AP Fonden Sells 1,200 Shares of Equifax, Inc. (NYSE:EFX)

Key Points

• Forsta AP Fonden has reduced its stake in Equifax, Inc. by 4.6%, selling 1,200 shares and now holding 25,000 shares valued at approximately $6.09 million.
• Equifax reported $2.00 earnings per share for the last quarter, exceeding expectations, with revenue of $1.54 billion, reflecting a 7.4% year-over-year increase.
• Institutional investors currently own 96.20% of Equifax, with several funds adjusting their positions, including Citigroup increasing their stake by 20.8%.

Forsta AP Fonden cut its holdings in shares of Equifax, Inc. (NYSE:EFX - Free Report) by 4.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,000 shares of the credit services provider's stock after selling 1,200 shares during the quarter. Forsta AP Fonden's holdings in Equifax were worth $6,089,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. DAVENPORT & Co LLC increased its holdings in shares of Equifax by 12.0% during the first quarter. DAVENPORT & Co LLC now owns 2,212 shares of the credit services provider's stock worth $539,000 after purchasing an additional 237 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Equifax by 1,464.7% during the 1st quarter. Teacher Retirement System of Texas now owns 18,119 shares of the credit services provider's stock worth $4,413,000 after acquiring an additional 16,961 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of Equifax during the 1st quarter worth approximately $209,000. QRG Capital Management Inc. boosted its position in shares of Equifax by 19.9% during the 1st quarter. QRG Capital Management Inc. now owns 1,611 shares of the credit services provider's stock worth $392,000 after acquiring an additional 267 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Equifax by 44.2% during the 1st quarter. SG Americas Securities LLC now owns 5,229 shares of the credit services provider's stock worth $1,274,000 after acquiring an additional 1,602 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

Insider Activity at Equifax

In other news, CEO Mark W. Begor sold 48,264 shares of Equifax stock in a transaction on Monday, July 28th. The shares were sold at an average price of $241.71, for a total transaction of $11,665,891.44. Following the transaction, the chief executive officer owned 142,872 shares in the company, valued at approximately $34,533,591.12. The trade was a 25.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

EFX has been the topic of several analyst reports. Barclays reduced their price target on shares of Equifax from $260.00 to $240.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. Bank of America lowered shares of Equifax from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $300.00 to $285.00 in a research report on Monday, June 23rd. Wells Fargo & Company reduced their price target on shares of Equifax from $310.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Royal Bank Of Canada reiterated an "outperform" rating and set a $300.00 price target on shares of Equifax in a research report on Wednesday, June 18th. Finally, Robert W. Baird reduced their price target on shares of Equifax from $310.00 to $289.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $285.00.

Equifax Trading Down 2.0%

Shares of NYSE:EFX traded down $5.11 during mid-day trading on Thursday, reaching $248.19. 871,767 shares of the company's stock were exchanged, compared to its average volume of 1,059,453. The firm has a market capitalization of $30.73 billion, a price-to-earnings ratio of 48.57, a PEG ratio of 2.90 and a beta of 1.64. The business's fifty day moving average price is $255.39 and its 200-day moving average price is $251.53. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.77 and a current ratio of 0.77. Equifax, Inc. has a twelve month low of $199.98 and a twelve month high of $309.63.

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, topping analysts' consensus estimates of $1.92 by $0.08. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.51 billion. Equifax had a net margin of 10.95% and a return on equity of 18.89%. Equifax's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 earnings per share. On average, research analysts predict that Equifax, Inc. will post 7.58 EPS for the current fiscal year.

About Equifax

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.