International Assets Investment Management LLC Makes New $337,000 Investment in Equifax Inc. (NYSE:EFX)

Posted by Defense World Staff on Apr 15th, 2023

International Assets Investment Management LLC bought a new position in shares of Equifax Inc. (NYSE:EFX – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 200,777 shares of the credit services provider’s stock, valued at approximately $337,000. International Assets Investment Management LLC owned 0.16% of Equifax at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. M&G Investment Management Ltd. raised its stake in shares of Equifax by 1.7% in the 4th quarter. M&G Investment Management Ltd. now owns 149,234 shares of the credit services provider’s stock valued at $28,951,000 after acquiring an additional 2,441 shares during the period. State of Michigan Retirement System raised its stake in shares of Equifax by 0.6% in the 4th quarter. State of Michigan Retirement System now owns 33,278 shares of the credit services provider’s stock valued at $6,468,000 after acquiring an additional 200 shares during the period. Blue Zone Wealth Advisors LLC raised its stake in shares of Equifax by 1.7% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 16,140 shares of the credit services provider’s stock valued at $3,137,000 after acquiring an additional 277 shares during the period. Strategic Blueprint LLC purchased a new stake in shares of Equifax in the 4th quarter valued at approximately $308,000. Finally, Inspire Investing LLC raised its stake in shares of Equifax by 3.5% in the 4th quarter. Inspire Investing LLC now owns 1,769 shares of the credit services provider’s stock valued at $344,000 after acquiring an additional 59 shares during the period. 93.84% of the stock is owned by hedge funds and other institutional investors.

Equifax Trading Down 1.4 %

NYSE EFX opened at $195.46 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.21. Equifax Inc. has a 52 week low of $145.98 and a 52 week high of $234.14. The stock has a market capitalization of $24.09 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 1.93 and a beta of 1.45. The firm has a 50 day moving average of $203.00 and a two-hundred day moving average of $195.14.

Equifax (NYSE:EFX – Get Rating) last issued its earnings results on Wednesday, February 8th. The credit services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.03. Equifax had a net margin of 13.59% and a return on equity of 24.19%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the business posted $1.84 EPS. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, research analysts expect that Equifax Inc. will post 7.19 EPS for the current fiscal year.

Equifax Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, February 22nd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Tuesday, February 21st. Equifax’s payout ratio is 27.61%.

Analyst Ratings Changes

A number of research firms have recently issued reports on EFX. Barclays reduced their price target on shares of Equifax from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Friday, March 31st. Wells Fargo & Company upped their target price on shares of Equifax from $165.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Friday, January 13th. BNP Paribas assumed coverage on shares of Equifax in a research note on Friday, January 6th. They set an “underperform” rating and a $150.00 target price on the stock. Morgan Stanley cut their target price on shares of Equifax from $194.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 22nd. Finally, Truist Financial upped their target price on shares of Equifax from $195.00 to $260.00 in a research note on Monday, February 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $212.07.

About Equifax

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Equifax, Inc engages in the provision of information solutions and human resources business process outsourcing services. It operates through the following business segments: U.S. Information Solutions, Workforce Solutions and International. The U.S. Information Solutions segment includes consumer and commercial information services, mortgage loan origination information, financial marketing services, and identity management.