Parnassus Investments LLC Has $447.31 Million Stock Holdings in Equifax, Inc. $EFX

Key Points

• Parnassus Investments LLC sold 111,797 shares of Equifax, reducing its ownership by 5.7% to hold approximately 1,836,527 shares valued at $447.3 million.
• Equifax's most recent earnings report revealed $2.00 EPS for the quarter, surpassing analysts' expectations, with revenues of $1.54 billion, marking a 7.4% increase year-over-year.
• The company announced a quarterly dividend of $0.50 per share, reflecting a 0.8% yield, with the next payment scheduled for September 15th to shareholders of record on September 2nd.

Parnassus Investments LLC trimmed its holdings in Equifax, Inc. (NYSE:EFX - Free Report) by 5.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,836,527 shares of the credit services provider's stock after selling 111,797 shares during the period. Parnassus Investments LLC owned 1.48% of Equifax worth $447,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the stock. Ameriflex Group Inc. acquired a new stake in shares of Equifax during the 4th quarter worth about $28,000. N.E.W. Advisory Services LLC purchased a new position in shares of Equifax during the first quarter valued at approximately $28,000. Colonial Trust Co SC boosted its position in Equifax by 505.0% during the fourth quarter. Colonial Trust Co SC now owns 121 shares of the credit services provider's stock worth $31,000 after acquiring an additional 101 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in Equifax in the 1st quarter worth approximately $32,000. Finally, City Holding Co. acquired a new position in Equifax in the 1st quarter valued at $34,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EFX. BMO Capital Markets dropped their price objective on shares of Equifax from $280.00 to $260.00 and set a "market perform" rating for the company in a research note on Wednesday, July 23rd. Bank of America lowered shares of Equifax from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $300.00 to $285.00 in a research report on Monday, June 23rd. Stifel Nicolaus lifted their price target on shares of Equifax from $277.00 to $295.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Citigroup reduced their target price on Equifax from $294.00 to $290.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Finally, Robert W. Baird decreased their target price on Equifax from $310.00 to $289.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Equifax currently has an average rating of "Moderate Buy" and a consensus target price of $283.53.

Equifax Stock Down 4.8%

EFX traded down $11.76 during trading on Tuesday, hitting $234.04. The company had a trading volume of 1,529,980 shares, compared to its average volume of 1,045,536. Equifax, Inc. has a 1-year low of $199.98 and a 1-year high of $309.63. 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 company has a market cap of $28.97 billion, a PE ratio of 45.80, a P/E/G ratio of 2.96 and a beta of 1.68. The business has a 50-day moving average of $251.45 and a 200-day moving average of $250.06.

Equifax (NYSE:EFX - Get Free Report) last issued 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 company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.51 billion. Equifax had a return on equity of 18.89% and a net margin of 10.95%.The business's revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 EPS. Equifax has set its Q3 2025 guidance at 1.870-1.970 EPS. FY 2025 guidance at 7.330-7.630 EPS. As a group, analysts forecast that Equifax, Inc. will post 7.58 earnings per share for the current year.

Equifax Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.00 annualized dividend and a yield of 0.9%. Equifax's payout ratio is presently 39.14%.

Insider Activity at Equifax

In related news, CEO Mark W. Begor sold 48,264 shares of the firm'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 owned 142,872 shares of the company's stock, valued at $34,533,591.12. This trade represents a 25.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company's stock.

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.