Forsta AP Fonden Has $4.79 Million Stock Holdings in Equifax Inc. (NYSE:EFX)

Posted by Defense World Staff on Jul 8th, 2023

Forsta AP Fonden reduced its position in shares of Equifax Inc. (NYSE:EFX – Free Report) by 13.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,600 shares of the credit services provider’s stock after selling 3,700 shares during the period. Forsta AP Fonden’s holdings in Equifax were worth $4,787,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its stake in shares of Equifax by 111.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 129 shares of the credit services provider’s stock valued at $25,000 after purchasing an additional 68 shares during the last quarter. OLD Mission Capital LLC bought a new position in Equifax in the fourth quarter valued at about $27,000. Concord Wealth Partners bought a new position in Equifax in the fourth quarter valued at about $29,000. Eagle Bay Advisors LLC acquired a new position in Equifax during the second quarter worth about $29,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Equifax in the first quarter worth about $30,000. 97.43% of the stock is currently owned by institutional investors.

Equifax Stock Up 0.3 %

Shares of NYSE EFX opened at $225.65 on Friday. Equifax Inc. has a 52-week low of $145.98 and a 52-week high of $238.00. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.77 and a current ratio of 0.77. The company’s 50 day moving average price is $216.78 and its 200-day moving average price is $209.05. The company has a market capitalization of $27.67 billion, a P/E ratio of 47.41, a price-to-earnings-growth ratio of 2.20 and a beta of 1.47.

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

Equifax Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, May 24th. This represents a $1.56 dividend on an annualized basis and a yield of 0.69%. Equifax’s payout ratio is currently 32.77%.

Insider Buying and Selling at Equifax

In other news, CEO Mark W. Begor sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $208.37, for a total transaction of $1,458,590.00. Following the completion of the sale, the chief executive officer now owns 134,646 shares of the company’s stock, valued at approximately $28,056,187.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Mark W. Begor sold 7,000 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $208.37, for a total transaction of $1,458,590.00. Following the transaction, the chief executive officer now owns 134,646 shares of the company’s stock, valued at approximately $28,056,187.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Carla Chaney sold 15,180 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $207.54, for a total value of $3,150,457.20. Following the completion of the sale, the executive vice president now directly owns 14,308 shares of the company’s stock, valued at $2,969,482.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,180 shares of company stock valued at $6,059,630. 1.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on EFX shares. Morgan Stanley lowered their price objective on shares of Equifax from $194.00 to $190.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 22nd. StockNews.com upgraded shares of Equifax from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Deutsche Bank Aktiengesellschaft cut their price objective on Equifax from $214.00 to $212.00 and set a “hold” rating on the stock in a report on Friday, April 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $205.00 target price on shares of Equifax in a report on Friday, April 21st. Finally, Barclays cut their price target on Equifax from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Friday, March 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Equifax presently has an average rating of “Hold” and a consensus target price of $214.20.

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.