Millennium Management LLC purchased a new stake in shares of Equifax Inc. (NYSE:EFX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 306,738 shares of the credit services provider’s stock, valued at approximately $36,171,000. Millennium Management LLC owned approximately 0.26% of Equifax at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in EFX. Capital International Investors bought a new stake in shares of Equifax during the third quarter valued at approximately $513,940,000. Viking Global Investors LP raised its position in shares of Equifax by 334.5% during the fourth quarter. Viking Global Investors LP now owns 2,336,753 shares of the credit services provider’s stock valued at $275,550,000 after buying an additional 1,798,947 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Equifax by 382.6% during the fourth quarter. Two Sigma Advisers LP now owns 1,556,654 shares of the credit services provider’s stock valued at $183,561,000 after buying an additional 1,234,096 shares during the last quarter. Iridian Asset Management LLC CT bought a new stake in shares of Equifax during the fourth quarter valued at approximately $104,558,000. Finally, OppenheimerFunds Inc. raised its position in shares of Equifax by 74.7% during the fourth quarter. OppenheimerFunds Inc. now owns 2,029,934 shares of the credit services provider’s stock valued at $239,369,000 after buying an additional 867,664 shares during the last quarter. Hedge funds and other institutional investors own 93.36% of the company’s stock.
Several research firms have recently issued reports on EFX. Barclays reduced their price objective on shares of Equifax from $120.00 to $128.00 and set an “equal weight” rating on the stock in a research report on Monday, March 5th. Wells Fargo reiterated a “buy” rating and set a $132.00 price objective (up previously from $127.00) on shares of Equifax in a research report on Monday, March 5th. Royal Bank of Canada reduced their price objective on shares of Equifax to $121.00 and set a “sector perform” rating on the stock in a research report on Monday, March 5th. SunTrust Banks lifted their price objective on shares of Equifax to $140.00 and gave the company a “buy” rating in a research report on Monday, March 5th. Finally, William Blair reiterated an “outperform” rating on shares of Equifax in a research report on Thursday, March 1st. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $128.21.
Equifax (NYSE:EFX) last announced its quarterly earnings results on Thursday, March 1st. The credit services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.04. Equifax had a net margin of 17.47% and a return on equity of 23.31%. The company had revenue of $838.50 million for the quarter, compared to analysts’ expectations of $825.70 million. During the same quarter in the previous year, the business posted $1.42 earnings per share. Equifax’s quarterly revenue was up 4.7% on a year-over-year basis. analysts forecast that Equifax Inc. will post 5.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Monday, March 12th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, March 9th. Equifax’s dividend payout ratio is presently 32.30%.
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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