First Manhattan Co. Increases Stake in Equifax, Inc. (NYSE:EFX)

First Manhattan Co. raised its stake in Equifax, Inc. (NYSE:EFX) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,197 shares of the credit services provider’s stock after buying an additional 3 shares during the period. First Manhattan Co.’s holdings in Equifax were worth $302,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Equifax by 1,540.8% in the first quarter. BlackRock Inc. now owns 9,280,680 shares of the credit services provider’s stock valued at $1,269,041,000 after buying an additional 8,715,062 shares during the period. William Blair Investment Management LLC raised its stake in Equifax by 99.4% in the first quarter. William Blair Investment Management LLC now owns 1,305,063 shares of the credit services provider’s stock valued at $178,454,000 after buying an additional 650,550 shares during the period. Vanguard Group Inc. raised its stake in Equifax by 3.4% in the first quarter. Vanguard Group Inc. now owns 11,433,584 shares of the credit services provider’s stock valued at $1,563,429,000 after buying an additional 373,774 shares during the period. MARSHALL WACE ASIA Ltd acquired a new stake in Equifax during the first quarter valued at $39,675,000. Finally, Cantillon Capital Management LLC raised its stake in Equifax by 56.4% in the first quarter. Cantillon Capital Management LLC now owns 789,919 shares of the credit services provider’s stock valued at $108,013,000 after buying an additional 284,929 shares during the period. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Equifax, Inc. (EFX) opened at 142.94 on Thursday. The firm has a market cap of $17.21 billion, a price-to-earnings ratio of 30.28 and a beta of 0.91. Equifax, Inc. has a 1-year low of $110.87 and a 1-year high of $147.02. The company’s 50 day moving average is $141.48 and its 200-day moving average is $135.37.

Equifax (NYSE:EFX) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.03. The business had revenue of $856.70 million during the quarter, compared to the consensus estimate of $860.48 million. Equifax had a net margin of 17.44% and a return on equity of 24.88%. Equifax’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. On average, analysts predict that Equifax, Inc. will post $6.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Wednesday, August 23rd. Equifax’s dividend payout ratio (DPR) is 33.05%.

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Several equities research analysts have commented on the stock. Stephens lowered shares of Equifax from an “overweight” rating to an “equal weight” rating in a research note on Friday, April 28th. BidaskClub upgraded shares of Equifax from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Morgan Stanley restated an “equal weight” rating and issued a $144.00 price target (up previously from $142.00) on shares of Equifax in a research note on Tuesday, July 18th. Argus assumed coverage on shares of Equifax in a research note on Tuesday, June 13th. They issued a “buy” rating and a $166.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Equifax from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. Equifax has a consensus rating of “Buy” and a consensus target price of $145.45.

In other Equifax news, CFO John W. Gamble, Jr. sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $136.44, for a total value of $1,910,160.00. Following the completion of the sale, the chief financial officer now owns 48,578 shares of the company’s stock, valued at $6,627,982.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rodolfo O. Ploder sold 1,719 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $145.70, for a total transaction of $250,458.30. Following the completion of the sale, the insider now directly owns 43,648 shares of the company’s stock, valued at approximately $6,359,513.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,219 shares of company stock valued at $3,691,098. 1.29% of the stock is currently owned by insiders.

Equifax Company Profile

Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.

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Institutional Ownership by Quarter for Equifax (NYSE:EFX)

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