Retirement Systems of Alabama trimmed its position in Equifax Inc. (NYSE:EFX – Free Report) by 7.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,207 shares of the credit services provider’s stock after selling 3,019 shares during the period. Retirement Systems of Alabama’s holdings in Equifax were worth $7,344,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new position in shares of Equifax in the fourth quarter valued at $27,000. Concord Wealth Partners bought a new position in shares of Equifax in the fourth quarter valued at $29,000. Eagle Bay Advisors LLC bought a new position in shares of Equifax in the second quarter valued at $29,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Equifax in the first quarter valued at $30,000. Finally, IFP Advisors Inc increased its holdings in shares of Equifax by 26.3% in the first quarter. IFP Advisors Inc now owns 505 shares of the credit services provider’s stock valued at $40,000 after buying an additional 105 shares in the last quarter. 97.43% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
EFX has been the topic of several research reports. Robert W. Baird dropped their price target on Equifax from $260.00 to $239.00 and set an “outperform” rating on the stock in a report on Friday. JPMorgan Chase & Co. upped their price target on shares of Equifax from $238.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $205.00 price target on shares of Equifax in a research note on Friday, April 21st. Credit Suisse Group upped their price target on shares of Equifax from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Equifax from $214.00 to $212.00 and set a “hold” rating on the stock in a research note on Friday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $220.63.
Equifax Stock Down 2.7 %
Equifax (NYSE:EFX – Get Free Report) last released its quarterly earnings results on Thursday, July 20th. The credit services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Equifax had a net margin of 10.36% and a return on equity of 19.67%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the company earned $2.09 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Equifax Inc. will post 6.96 EPS for the current year.
Equifax Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, May 24th. Equifax’s dividend payout ratio (DPR) is 36.71%.
Insider Buying and Selling at Equifax
In other news, CEO Mark W. Begor sold 7,000 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 134,646 shares of the company’s stock, valued at $28,056,187.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP James M. Griggs sold 250 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $210.00, for a total transaction of $52,500.00. Following the completion of the transaction, the senior vice president now owns 4,709 shares of the company’s stock, valued at $988,890. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark W. Begor sold 7,000 shares of the company’s 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 directly owns 134,646 shares of the company’s stock, valued at approximately $28,056,187.02. The disclosure for this sale can be found here. Insiders sold 29,180 shares of company stock worth $6,059,630 over the last ninety days. Company insiders own 1.75% of the company’s stock.
Equifax Company Profile
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.
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