Insider Selling: Equifax, Inc. (NYSE:EFX) CEO Sells 48,264 Shares of Stock

Key Points

• Equifax CEO Mark W. Begor sold 48,264 shares of stock at an average price of $241.71, totaling approximately $11.67 million, which decreased his ownership by 25.25%.
• The company reported $2.00 EPS for the quarter, beating estimates by $0.08, and its year-over-year revenue increased by 7.4% to $1.54 billion.
• Equifax's average analyst rating is currently a "Moderate Buy" with an average target price of $285, despite several conflicting price adjustments from major analysts.

Equifax, Inc. (NYSE:EFX - Get Free Report) CEO Mark W. Begor sold 48,264 shares of the company'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 sale, the chief executive officer owned 142,872 shares in the company, valued at approximately $34,533,591.12. This trade represents a 25.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Equifax Stock Performance

Shares of EFX stock traded down $0.62 on Friday, reaching $239.61. The stock had a trading volume of 1,606,210 shares, compared to its average volume of 1,057,922. The stock has a market cap of $29.66 billion, a P/E ratio of 46.89, a price-to-earnings-growth ratio of 2.68 and a beta of 1.60. 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 company has a 50 day simple moving average of $259.11 and a 200 day simple moving average of $252.97. Equifax, Inc. has a 1 year low of $199.98 and a 1 year high of $309.63.

Equifax (NYSE:EFX - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The credit services provider reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.92 by $0.08. The business 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%. Equifax's revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 EPS. Equities research analysts expect that Equifax, Inc. will post 7.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on EFX. Robert W. Baird dropped their price objective on shares of Equifax from $310.00 to $289.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. 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 report on Wednesday, July 23rd. Oppenheimer reduced their price objective on shares of Equifax from $296.00 to $279.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Stifel Nicolaus raised their price objective on shares of Equifax from $277.00 to $295.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Finally, Bank of America lowered shares of Equifax from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $300.00 to $285.00 in a research note on Monday, June 23rd. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $285.00.

Institutional Trading of Equifax

Hedge funds and other institutional investors have recently made changes to their positions in the business. DAVENPORT & Co LLC lifted its holdings in shares of Equifax by 12.0% during the 1st quarter. DAVENPORT & Co LLC now owns 2,212 shares of the credit services provider's stock valued at $539,000 after purchasing an additional 237 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Equifax by 1,464.7% during the 1st quarter. Teacher Retirement System of Texas now owns 18,119 shares of the credit services provider's stock worth $4,413,000 after acquiring an additional 16,961 shares during the period. OneDigital Investment Advisors LLC purchased a new stake in Equifax during the 1st quarter valued at about $209,000. QRG Capital Management Inc. increased its holdings in shares of Equifax by 19.9% in the first quarter. QRG Capital Management Inc. now owns 1,611 shares of the credit services provider's stock valued at $392,000 after purchasing an additional 267 shares during the period. Finally, Meeder Advisory Services Inc. increased its holdings in shares of Equifax by 1.7% in the fourth quarter. Meeder Advisory Services Inc. now owns 3,817 shares of the credit services provider's stock valued at $973,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 96.20% 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.