Sit Investment Associates Inc. lowered its position in shares of Equifax Inc. (NYSE:EFX) by 17.2% during the second quarter, Holdings Channel reports. The fund owned 51,980 shares of the company’s stock after selling 10,800 shares during the period. Sit Investment Associates Inc.’s holdings in Equifax were worth $6,674,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Daiwa SB Investments Ltd. purchased a new position in shares of Equifax during the second quarter worth approximately $123,000. Checchi Capital Advisers LLC boosted its position in shares of Equifax by 14.1% in the second quarter. Checchi Capital Advisers LLC now owns 956 shares of the company’s stock worth $123,000 after buying an additional 118 shares during the last quarter. Springbok Capital Management LLC purchased a new position in shares of Equifax during the first quarter worth approximately $133,000. Financial Architects Inc boosted its position in shares of Equifax by 1,379.5% in the second quarter. Financial Architects Inc now owns 1,154 shares of the company’s stock worth $149,000 after buying an additional 1,076 shares during the last quarter. Finally, Zions Bancorporation boosted its position in shares of Equifax by 14,380.0% in the first quarter. Zions Bancorporation now owns 1,448 shares of the company’s stock worth $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 1.57% on Friday, reaching $130.14. The company’s stock had a trading volume of 664,690 shares. The stock has a market capitalization of $15.53 billion, a P/E ratio of 33.88 and a beta of 0.87. The firm has a 50 day moving average price of $132.58 and a 200 day moving average price of $126.21. Equifax Inc. has a 52 week low of $91.72 and a 52 week high of $136.97.
Equifax (NYSE:EFX) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company earned $811.30 million during the quarter, compared to the consensus estimate of $802.85 million. During the same period last year, the firm earned $1.15 EPS. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, equities analysts anticipate that Equifax Inc. will post ($0.47) EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 19th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.01%. Equifax’s payout ratio is 34.38%.
A number of equities analysts have commented on the company. Deutsche Bank AG increased their target price on Equifax from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, July 29th. Zacks Investment Research cut Equifax from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Jefferies Group upped their price target on Equifax from $128.00 to $131.00 and gave the company a “hold” rating in a research report on Thursday, August 4th. Stifel Nicolaus upped their price target on Equifax from $131.00 to $143.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. upped their price target on Equifax from $133.00 to $155.00 and gave the company 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 company. The stock presently has a consensus rating of “Buy” and a consensus price target of $140.11.
In other news, insider Rodolfo O. Ploder sold 3,100 shares of Equifax stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $131.87, for a total transaction of $408,797.00. Following the completion of the sale, the insider now directly owns 46,936 shares in the company, valued at approximately $6,189,450.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Richard F. Smith sold 120,000 shares of Equifax stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $132.63, for a total value of $15,915,600.00. Following the transaction, the chairman now owns 264,796 shares of the company’s stock, valued at $35,119,893.48. The disclosure for this sale can be found here. Insiders own 2.01% of the company’s stock.
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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