TD Asset Management Inc Trims Stock Holdings in Equifax, Inc. (NYSE:EFX)

Key Points

• TD Asset Management Inc has reduced its stake in Equifax, Inc. by 20.4%, selling 50,345 shares in the first quarter, now owning approximately $47.8 million worth of the company.
• Several hedge funds, including True Wealth Design LLC and Colonial Trust Co SC, significantly increased their holdings in Equifax during the fourth quarter, indicating increased investor interest.
• Equifax reported earnings of $2.00 per share for the last quarter, exceeding expectations, with a revenue of $1.54 billion, reflecting a 7.4% year-over-year increase.

TD Asset Management Inc cut its stake in shares of Equifax, Inc. (NYSE:EFX - Free Report) by 20.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,447 shares of the credit services provider's stock after selling 50,345 shares during the quarter. TD Asset Management Inc owned 0.16% of Equifax worth $47,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. True Wealth Design LLC boosted its holdings in shares of Equifax by 1,920.0% during the 4th quarter. True Wealth Design LLC now owns 101 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 96 shares during the last quarter. Ameriflex Group Inc. purchased a new position in Equifax in the 4th quarter worth about $28,000. Colonial Trust Co SC grew its position in shares of Equifax by 505.0% in the 4th quarter. Colonial Trust Co SC now owns 121 shares of the credit services provider's stock worth $31,000 after buying an additional 101 shares during the last quarter. City Holding Co. acquired a new stake in Equifax in the 1st quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. acquired a new stake in Equifax during the 1st quarter valued at approximately $38,000. 96.20% of the stock is currently owned by institutional investors.

Insider Activity at Equifax

In other news, EVP John W. Gamble, Jr. sold 2,000 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $259.10, for a total value of $518,200.00. Following the sale, the executive vice president directly owned 65,176 shares of the company's stock, valued at approximately $16,887,101.60. This represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark W. Begor sold 48,264 shares of the company's 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 completion of the sale, the chief executive officer directly owned 142,872 shares in the company, valued at approximately $34,533,591.12. This represents a 25.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EFX. Oppenheimer decreased their target price on shares of Equifax from $296.00 to $279.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. UBS Group reduced their price objective on shares of Equifax from $315.00 to $278.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Royal Bank Of Canada restated an "outperform" rating and set a $300.00 price objective on shares of Equifax in a research report on Wednesday, June 18th. Wells Fargo & Company dropped their target price on shares of Equifax from $310.00 to $300.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Equifax from $277.00 to $272.00 and set an "overweight" 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 given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $285.00.

Equifax Stock Up 0.1%

EFX stock traded up $0.19 during midday trading on Friday, hitting $240.42. The company's stock had a trading volume of 752,237 shares, compared to its average volume of 1,051,675. The stock has a market capitalization of $29.76 billion, a P/E ratio of 47.08, a PEG ratio of 2.68 and a beta of 1.60. The company's fifty day moving average price is $259.11 and its 200 day moving average price is $252.97. 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 current ratio of 0.77 and a quick ratio of 0.77.

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, beating the consensus estimate of $1.92 by $0.08. The company 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 revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 EPS. As a group, equities research analysts predict that Equifax, Inc. will post 7.58 EPS for the current year.

Equifax 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.