T. Rowe Price Investment Management Inc. Sells 592,529 Shares of Equifax, Inc. $EFX

Key Points

• T. Rowe Price Investment Management Inc. has reduced its stake in Equifax by 23.1%, dropping to approximately 1.59% of the company, valued at $481.4 million.
• There has been a notable increase in institutional investor activity, with firms like True Wealth Design LLC and Colonial Trust Co SC significantly growing their holdings in Equifax.
• Equifax reported earnings of $2.00 EPS for the last quarter, surpassing expectations and showing a 7.4% year-over-year revenue increase, with analysts forecasting a Moderate Buy consensus rating for the stock.

T. Rowe Price Investment Management Inc. trimmed its stake in shares of Equifax, Inc. (NYSE:EFX - Free Report) by 23.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,976,684 shares of the credit services provider's stock after selling 592,529 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 1.59% of Equifax worth $481,442,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC lifted 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 buying an additional 237 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Equifax by 1,464.7% during the first quarter. Teacher Retirement System of Texas now owns 18,119 shares of the credit services provider's stock worth $4,413,000 after buying an additional 16,961 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of Equifax during the first quarter worth $209,000. QRG Capital Management Inc. lifted its holdings in shares of Equifax by 19.9% during the first quarter. QRG Capital Management Inc. now owns 1,611 shares of the credit services provider's stock worth $392,000 after buying an additional 267 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Equifax by 44.2% during the first quarter. SG Americas Securities LLC now owns 5,229 shares of the credit services provider's stock worth $1,274,000 after buying an additional 1,602 shares in the last quarter. 96.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley reissued an "overweight" rating and set a $305.00 target price (up previously from $295.00) on shares of Equifax in a report on Tuesday, June 10th. Royal Bank Of Canada restated an "outperform" rating and set a $300.00 target price on shares of Equifax in a research note on Wednesday, June 18th. Bank of America downgraded Equifax from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $300.00 to $285.00 in a research note on Monday, June 23rd. Robert W. Baird lowered their target price on Equifax from $310.00 to $289.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company lowered their target price on Equifax from $310.00 to $300.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. One equities research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $283.53.

Equifax Stock Up 3.9%

NYSE EFX traded up $9.4880 on Friday, reaching $254.9380. The company had a trading volume of 891,615 shares, compared to its average volume of 1,066,251. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.79. The company's fifty day moving average is $252.65 and its 200 day moving average is $250.38. Equifax, Inc. has a 52-week low of $199.98 and a 52-week high of $309.63. The stock has a market capitalization of $31.56 billion, a P/E ratio of 49.89, a P/E/G ratio of 2.95 and a beta of 1.64.

Equifax (NYSE:EFX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The credit services provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.92 by $0.08. The firm had revenue of $1.54 billion during 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%. The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $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. Sell-side analysts anticipate that Equifax, Inc. will post 7.58 earnings per share for the current fiscal year.

Equifax Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.00 annualized dividend and a yield of 0.8%. Equifax's dividend payout ratio is presently 39.14%.

Insider Transactions at Equifax

In other Equifax news, CEO Mark W. Begor sold 48,264 shares of Equifax stock in a transaction dated 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 sale, the chief executive officer owned 142,872 shares of the company's stock, 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 legal filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company's stock.

Equifax Company Profile

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.