Ontario Teachers Pension Plan Board purchased a new stake in Equifax, Inc. (NYSE:EFX - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,226 shares of the credit services provider's stock, valued at approximately $299,000.
A number of other hedge funds have also made changes to their positions in the business. Integrated Advisors Network LLC grew its holdings in Equifax by 2.8% in the fourth quarter. Integrated Advisors Network LLC now owns 1,595 shares of the credit services provider's stock valued at $406,000 after purchasing an additional 44 shares during the last quarter. Axxcess Wealth Management LLC increased its position in Equifax by 3.8% during the 1st quarter. Axxcess Wealth Management LLC now owns 1,395 shares of the credit services provider's stock worth $340,000 after purchasing an additional 51 shares in the last quarter. LRI Investments LLC lifted its holdings in Equifax by 5.3% in the 4th quarter. LRI Investments LLC now owns 1,046 shares of the credit services provider's stock valued at $266,000 after purchasing an additional 53 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Equifax by 9.5% during the 1st quarter. First Horizon Advisors Inc. now owns 738 shares of the credit services provider's stock worth $180,000 after purchasing an additional 64 shares during the last quarter. Finally, Thompson Investment Management Inc. grew its holdings in shares of Equifax by 0.4% during the first quarter. Thompson Investment Management Inc. now owns 15,661 shares of the credit services provider's stock worth $3,814,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company's stock.
Insider Activity at Equifax
In other news, CEO Mark W. Begor sold 48,264 shares of Equifax stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $241.71, for a total value of $11,665,891.44. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on EFX. BMO Capital Markets dropped their price target on shares of Equifax from $280.00 to $260.00 and set a "market perform" rating for the company in a research report on Wednesday, July 23rd. UBS Group cut their price target on shares of Equifax from $315.00 to $278.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Stifel Nicolaus increased their price target on shares of Equifax from $277.00 to $295.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Robert W. Baird lowered their price target on Equifax from $310.00 to $289.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Finally, Barclays cut their price objective on Equifax from $260.00 to $240.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 23rd. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $285.00.
View Our Latest Analysis on EFX
Equifax Price Performance
Shares of EFX traded up $1.44 during trading hours on Tuesday, hitting $241.07. 899,060 shares of the company were exchanged, compared to its average volume of 1,057,871. The company has a market capitalization of $29.84 billion, a PE ratio of 47.18, a PEG ratio of 2.89 and a beta of 1.64. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a fifty day simple moving average of $256.12 and a 200-day simple moving average of $251.59. Equifax, Inc. has a one year low of $199.98 and a one year high of $309.63.
Equifax (NYSE:EFX - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.51 billion. Equifax had a return on equity of 18.89% and a net margin of 10.95%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 earnings per share. As a group, sell-side analysts predict that Equifax, Inc. will post 7.58 earnings per share for the current year.
Equifax Company Profile
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Free Report)
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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