Penobscot Investment Management Company Inc. continued to hold its stake in Equifax Inc. (NYSE:EFX) during the second quarter, Holdings Channel reports. The firm owned 11,200 shares of the company’s stock at the end of the second quarter. Penobscot Investment Management Company Inc.’s holdings in Equifax were worth $1,438,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in Equifax by 2.8% in the first quarter. Geode Capital Management LLC now owns 999,071 shares of the company’s stock worth $113,959,000 after buying an additional 27,652 shares during the period. Standard Life Investments LTD raised its position in shares of Equifax by 23.6% in the second quarter. Standard Life Investments LTD now owns 1,032,294 shares of the company’s stock valued at $132,532,000 after buying an additional 196,930 shares during the last quarter. Smith Asset Management Group LP acquired a new position in shares of Equifax during the second quarter valued at $12,359,000. Springbok Capital Management LLC acquired a new position in shares of Equifax during the first quarter valued at $133,000. Finally, Samlyn Capital LLC acquired a new position in shares of Equifax during the first quarter valued at $33,099,000. 88.62% of the stock is owned by institutional investors and hedge funds.
Shares of Equifax Inc. (NYSE:EFX) traded up 0.58% during trading on Tuesday, reaching $130.28. The company’s stock had a trading volume of 382,625 shares. The company has a market cap of $15.55 billion, a PE ratio of 33.92 and a beta of 0.87. The stock’s 50 day moving average price is $132.32 and its 200 day moving average price is $127.18. Equifax Inc. has a 52 week low of $91.72 and a 52 week high of $136.97.
Equifax (NYSE:EFX) last posted its earnings results on Wednesday, July 27th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.07. The company earned $811.30 million during the quarter, compared to analyst estimates of $802.85 million. Equifax had a return on equity of 24.51% and a net margin of 16.11%. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.15 EPS. Equities research analysts predict that Equifax Inc. will post $5.38 EPS for the current year.
Several equities analysts recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Equifax from $131.00 to $143.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Zacks Investment Research lowered shares of Equifax from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Jefferies Group raised their price objective on shares of Equifax from $128.00 to $131.00 and gave the company a “hold” rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. raised their price objective on shares of Equifax from $133.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Finally, Deutsche Bank AG raised their price objective on shares of Equifax from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Equifax currently has a consensus rating of “Buy” and a consensus target price of $140.11.
In related news, Chairman Richard F. Smith sold 120,000 shares of the business’s 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 completion of the transaction, the chairman now directly owns 264,796 shares in the company, valued at approximately $35,119,893.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider J Dann Adams sold 4,422 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $134.00, for a total value of $592,548.00. Following the completion of the transaction, the insider now owns 57,804 shares of the company’s stock, valued at $7,745,736. The disclosure for this sale can be found here. 2.01% of the stock is owned by corporate 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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