Russell Investments Group Ltd. decreased its position in Equifax Inc. (NYSE:EFX – Get Rating) by 51.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,799 shares of the credit services provider’s stock after selling 70,261 shares during the period. Russell Investments Group Ltd. owned approximately 0.05% of Equifax worth $12,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd raised its stake in shares of Equifax by 20.6% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 41,664 shares of the credit services provider’s stock valued at $8,098,000 after buying an additional 7,115 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Equifax by 3.1% during the 4th quarter. Arizona State Retirement System now owns 34,646 shares of the credit services provider’s stock valued at $6,734,000 after buying an additional 1,057 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Equifax by 0.5% during the 4th quarter. Texas Permanent School Fund now owns 17,397 shares of the credit services provider’s stock valued at $3,381,000 after buying an additional 78 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Equifax by 3.6% during the 4th quarter. Toronto Dominion Bank now owns 59,862 shares of the credit services provider’s stock valued at $11,627,000 after buying an additional 2,099 shares during the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in shares of Equifax in the 4th quarter valued at about $442,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.
Wall Street Analyst Weigh In
EFX has been the subject of several recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $205.00 price target on shares of Equifax in a research note on Friday, April 21st. Barclays cut their price target on Equifax from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Friday, March 31st. Robert W. Baird lifted their price target on Equifax from $223.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. Morgan Stanley cut their price target on Equifax from $194.00 to $190.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 22nd. Finally, StockNews.com began coverage on Equifax in a report on Thursday, March 16th. They issued a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Equifax currently has a consensus rating of “Hold” and an average price target of $214.20.
Equifax Trading Up 0.1 %
Equifax (NYSE:EFX – Get Rating) last issued its earnings results on Wednesday, April 19th. The credit services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.06. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Equifax had a return on equity of 21.33% and a net margin of 11.60%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.22 EPS. Analysts predict that Equifax Inc. will post 7.18 EPS for the current fiscal year.
Equifax Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Wednesday, May 24th. Equifax’s payout ratio is presently 32.77%.
Equifax Profile
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.
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