Retirement Systems of Alabama reduced its stake in shares of Equifax Inc. (NYSE:EFX) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,413 shares of the company’s stock after selling 3,153 shares during the period. Retirement Systems of Alabama’s holdings in Equifax were worth $12,123,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of EFX. Checchi Capital Advisers LLC increased its position in Equifax by 14.1% in the second quarter. Checchi Capital Advisers LLC now owns 956 shares of the company’s stock valued at $123,000 after buying an additional 118 shares during the last quarter. Daiwa SB Investments Ltd. acquired a new position in Equifax during the second quarter valued at about $123,000. Financial Architects Inc increased its position in Equifax by 1,379.5% in the second quarter. Financial Architects Inc now owns 1,154 shares of the company’s stock valued at $149,000 after buying an additional 1,076 shares during the last quarter. Springbok Capital Management LLC acquired a new position in Equifax during the first quarter valued at about $133,000. Finally, Zions Bancorporation increased its position in Equifax by 14,380.0% in the first quarter. Zions Bancorporation now owns 1,448 shares of the company’s stock valued at $165,000 after buying an additional 1,438 shares during the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.
Equifax Inc. (NYSE:EFX) traded down 0.52% on Tuesday, hitting $133.27. 402,075 shares of the company’s stock were exchanged. The stock has a market cap of $15.90 billion, a P/E ratio of 34.70 and a beta of 0.87. Equifax Inc. has a 52-week low of $91.72 and a 52-week high of $136.97. The firm has a 50 day moving average price of $132.50 and a 200-day moving average price of $126.12.
Equifax (NYSE:EFX) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.07. Equifax had a net margin of 16.11% and a return on equity of 24.51%. The business earned $811.30 million during the quarter, compared to analyst estimates of $802.85 million. During the same period in the prior year, the business earned $1.15 EPS. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. Analysts predict that Equifax Inc. will post ($0.47) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 19th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Wednesday, August 17th. Equifax’s dividend payout ratio is presently 34.38%.
EFX has been the subject of several recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $136.00 price objective on shares of Equifax in a research report on Wednesday, June 15th. Deutsche Bank AG reiterated a “buy” rating on shares of Equifax in a research report on Thursday, June 16th. Jefferies Group reiterated a “hold” rating and set a $128.00 price objective on shares of Equifax in a research report on Thursday, July 28th. Stifel Nicolaus increased their price objective on shares of Equifax from $131.00 to $143.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Equifax from $133.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $140.11.
In other news, insider Paulino R. Barros sold 5,205 shares of the company’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $132.00, for a total value of $687,060.00. Following the sale, the insider now directly owns 10,786 shares of the company’s stock, valued at approximately $1,423,752. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard F. Smith sold 120,000 shares of the company’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $132.63, for a total transaction of $15,915,600.00. Following the completion of the sale, the chairman now directly owns 264,796 shares in the company, valued at $35,119,893.48. The disclosure for this sale can be found here. 2.01% of the stock is currently owned by insiders.
Equifax Inc is a provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Personal Solutions. USIS provides consumer and commercial information solutions to businesses in the United States, including online information, decisioning technology solutions, fraud and identity management services, portfolio management services, mortgage reporting and financial marketing services.
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