Millennium Management LLC Raises Stock Position in Equifax, Inc. $EFX

Key Points

• Millennium Management LLC increased its stake in Equifax, Inc. by 213.3% during Q1, owning 224,798 shares valued at approximately $54.75 million.
• Equifax reported a quarterly EPS of $2.00, surpassing estimates, with revenues of $1.54 billion and year-over-year growth of 7.4%.
• The company declared a quarterly dividend of $0.50 per share, with a yield of 0.8%, payable on September 15th to investors of record by September 2nd.

Millennium Management LLC grew its stake in Equifax, Inc. (NYSE:EFX - Free Report) by 213.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,798 shares of the credit services provider's stock after acquiring an additional 153,057 shares during the period. Millennium Management LLC owned 0.18% of Equifax worth $54,752,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EFX. Ameriflex Group Inc. bought a new position in Equifax in the 4th quarter worth about $28,000. N.E.W. Advisory Services LLC bought a new position in shares of Equifax during the first quarter valued at approximately $28,000. Colonial Trust Co SC boosted its stake in shares of Equifax by 505.0% during 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. Zions Bancorporation National Association UT bought a new position in shares of Equifax during the first quarter valued at approximately $32,000. Finally, City Holding Co. bought a new position in shares of Equifax during the first quarter valued at approximately $34,000. 96.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EFX has been the topic of a number of recent research reports. Morgan Stanley reiterated an "overweight" rating and set a $305.00 price objective (up from $295.00) on shares of Equifax in a research note on Tuesday, June 10th. Barclays dropped their price objective on shares of Equifax from $260.00 to $240.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. Needham & Company LLC reiterated a "buy" rating and set a $295.00 price objective on shares of Equifax in a research note on Friday, June 20th. Citigroup dropped their price objective on shares of Equifax from $294.00 to $290.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Equifax from $310.00 to $300.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $283.53.

Insider Activity

In other Equifax news, CEO Mark W. Begor sold 48,264 shares of the firm's stock in a transaction 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 owned 142,872 shares of the company's stock, 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company's stock.

Equifax Stock Down 1.4%

EFX traded down $3.77 during trading on Friday, hitting $256.46. The stock had a trading volume of 733,369 shares, compared to its average volume of 880,827. The company has a market capitalization of $31.75 billion, a PE ratio of 50.19, a PEG ratio of 3.14 and a beta of 1.68. Equifax, Inc. has a twelve month low of $199.98 and a twelve month high of $309.63. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50 day simple moving average of $249.19 and a two-hundred day simple moving average of $250.28.

Equifax (NYSE:EFX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The credit services provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.92 by $0.08. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations 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 quarter last year, the company posted $1.82 earnings per share. Equifax has set its Q3 2025 guidance at 1.870-1.970 EPS. FY 2025 guidance at 7.330-7.630 EPS. On average, research analysts predict that Equifax, Inc. will post 7.58 earnings per share for the current year.

Equifax Dividend Announcement

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

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.