Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Equifax Inc. (NYSE:EFX) by 1.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 453,784 shares of the credit services provider’s stock after acquiring an additional 8,100 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Equifax were worth $53,773,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc grew its holdings in Equifax by 0.8% in the third quarter. Legal & General Group Plc now owns 555,333 shares of the credit services provider’s stock valued at $72,510,000 after purchasing an additional 4,623 shares during the period. Morgan Stanley grew its holdings in Equifax by 31.7% in the third quarter. Morgan Stanley now owns 131,969 shares of the credit services provider’s stock valued at $17,230,000 after purchasing an additional 31,733 shares during the period. Vanguard Group Inc grew its holdings in Equifax by 0.5% in the third quarter. Vanguard Group Inc now owns 12,212,967 shares of the credit services provider’s stock valued at $1,594,647,000 after purchasing an additional 65,505 shares during the period. IFM Investors Pty Ltd grew its holdings in Equifax by 11.6% in the fourth quarter. IFM Investors Pty Ltd now owns 6,907 shares of the credit services provider’s stock valued at $643,000 after purchasing an additional 716 shares during the period. Finally, Northwest Investment Counselors LLC grew its holdings in Equifax by 10.7% in the fourth quarter. Northwest Investment Counselors LLC now owns 5,180 shares of the credit services provider’s stock valued at $482,000 after purchasing an additional 501 shares during the period. 95.98% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Equifax from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. Barclays restated a “hold” rating and issued a $125.00 target price on shares of Equifax in a report on Monday, May 6th. BNP Paribas assumed coverage on shares of Equifax in a report on Friday, March 15th. They issued an “underperform” rating and a $106.00 target price for the company. Exane BNP Paribas assumed coverage on shares of Equifax in a report on Friday, March 15th. They issued a “neutral” rating and a $106.00 target price for the company. Finally, Morgan Stanley set a $103.00 target price on shares of Equifax and gave the company a “hold” rating in a report on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Equifax currently has an average rating of “Hold” and a consensus price target of $121.27.
Equifax (NYSE:EFX) last announced its quarterly earnings results on Friday, May 10th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The firm had revenue of $846.10 million for the quarter, compared to analysts’ expectations of $850.07 million. Equifax had a negative net margin of 10.23% and a positive return on equity of 21.95%. Equifax’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 earnings per share. As a group, equities research analysts anticipate that Equifax Inc. will post 5.63 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 1.28%. Equifax’s dividend payout ratio (DPR) is 26.94%.
Equifax Inc provides 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 Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage loan origination information; financial marketing; and identity management services.
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