LGT Group Foundation Has $34.84 Million Position in Equifax, Inc. (NYSE:EFX)

Key Points

• LGT Group Foundation increased its stake in Equifax by 85.9%, owning 143,046 shares valued at approximately $34.84 million following the first quarter.
• CEO Mark W. Begor sold 48,264 shares of Equifax, reducing his ownership by 25.25%, and now holds 142,872 shares valued at about $34.53 million.
• Equifax has a current market capitalization of $29.66 billion and reported a 7.4% revenue increase year-over-year, with earnings per share of $2.00, surpassing estimates.

LGT Group Foundation grew its holdings in Equifax, Inc. (NYSE:EFX - Free Report) by 85.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,046 shares of the credit services provider's stock after purchasing an additional 66,118 shares during the period. LGT Group Foundation owned approximately 0.12% of Equifax worth $34,840,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. True Wealth Design LLC lifted its holdings in shares of Equifax by 1,920.0% in the fourth quarter. True Wealth Design LLC now owns 101 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 96 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Equifax in the fourth quarter valued at $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Equifax in the first quarter valued at $28,000. Colonial Trust Co SC lifted its holdings in shares of Equifax by 505.0% in the fourth 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. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Equifax in the first quarter valued at $32,000. Hedge funds and other institutional investors own 96.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EFX shares. JPMorgan Chase & Co. reduced their target price on Equifax from $277.00 to $272.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Morgan Stanley restated an "overweight" rating and issued a $305.00 target price (up previously from $295.00) on shares of Equifax in a report on Tuesday, June 10th. BMO Capital Markets reduced their target price on Equifax from $280.00 to $260.00 and set a "market perform" rating for the company in a report on Wednesday, July 23rd. Citigroup cut their price objective on Equifax from $294.00 to $290.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, UBS Group cut their price objective on Equifax from $315.00 to $278.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Seven equities research 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. Based on data from MarketBeat.com, Equifax presently has an average rating of "Moderate Buy" and a consensus price target of $285.00.

Insider Buying and Selling

In other Equifax news, CEO Mark W. Begor sold 48,264 shares of the 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 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 SEC, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Equifax Stock Down 2.0%

Equifax stock traded down $5.11 during mid-day trading on Thursday, hitting $248.19. 1,088,381 shares of the company's stock were exchanged, compared to its average volume of 1,227,853. 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 $30.73 billion, a P/E ratio of 48.57, a P/E/G ratio of 3.05 and a beta of 1.64. Equifax, Inc. has a 1-year low of $199.98 and a 1-year high of $309.63. The stock has a 50 day moving average of $255.04 and a two-hundred day moving average of $251.35.

Equifax (NYSE:EFX - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The credit services provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.92 by $0.08. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.51 billion. Equifax had a net margin of 10.95% and a return on equity of 18.89%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 earnings per share. As a group, analysts anticipate 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.