International Assets Investment Management LLC Cuts Position in Equifax Inc. (NYSE:EFX)

Posted by Defense World Staff on Jul 5th, 2023

International Assets Investment Management LLC lessened its holdings in Equifax Inc. (NYSE:EFX – Free Report) by 99.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,000 shares of the credit services provider’s stock after selling 199,777 shares during the period. International Assets Investment Management LLC’s holdings in Equifax were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EFX. Massmutual Trust Co. FSB ADV boosted its holdings in Equifax by 111.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 129 shares of the credit services provider’s stock worth $25,000 after buying an additional 68 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in Equifax in the 4th quarter worth about $27,000. Concord Wealth Partners acquired a new stake in Equifax in the 4th quarter worth about $29,000. Eagle Bay Advisors LLC acquired a new stake in Equifax in the 2nd quarter worth about $29,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in Equifax in the 1st quarter worth about $30,000. 97.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EFX has been the topic of several research analyst reports. Wells Fargo & Company lifted their price objective on Equifax from $210.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, April 21st. Truist Financial lowered their target price on Equifax from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, April 21st. Barclays lowered their target price on Equifax from $240.00 to $235.00 and set an “overweight” rating on the stock in a report on Friday, March 31st. Deutsche Bank Aktiengesellschaft lowered their target price on Equifax from $214.00 to $212.00 and set a “hold” rating on the stock in a report on Friday, April 21st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $205.00 target price on shares of Equifax in a report on Friday, April 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $214.20.

Equifax Stock Down 2.6 %

Shares of NYSE EFX opened at $229.13 on Wednesday. The firm has a market cap of $28.10 billion, a price-to-earnings ratio of 48.14, a PEG ratio of 2.24 and a beta of 1.47. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.22. Equifax Inc. has a 52-week low of $145.98 and a 52-week high of $238.00. The business’s 50 day moving average is $215.40 and its two-hundred day moving average is $208.54.

Equifax (NYSE:EFX – Free Report) last announced its earnings results on Wednesday, April 19th. The credit services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. Equifax had a return on equity of 21.33% and a net margin of 11.60%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.22 earnings per share. Research analysts predict that Equifax Inc. will post 7.16 EPS for the current year.

Equifax Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Wednesday, May 24th. Equifax’s payout ratio is 32.77%.

Insider Transactions at Equifax

In other news, EVP Carla Chaney sold 15,180 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $207.54, for a total value of $3,150,457.20. Following the sale, the executive vice president now directly owns 14,308 shares in the company, valued at $2,969,482.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Carla Chaney sold 15,180 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $207.54, for a total value of $3,150,457.20. Following the sale, the executive vice president now directly owns 14,308 shares in the company, valued at $2,969,482.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark W. Begor sold 7,000 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $208.37, for a total value of $1,458,590.00. Following the completion of the sale, the chief executive officer now owns 134,646 shares in the company, valued at $28,056,187.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,180 shares of company stock valued at $6,059,630. 1.75% of the stock is currently owned by company insiders.

Equifax Company Profile

(Free Report)

Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship.