Envestnet Asset Management Inc. trimmed its position in shares of Equifax Inc. (NYSE:EFX – Free Report) by 7.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 155,518 shares of the credit services provider’s stock after selling 12,135 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.13% of Equifax worth $31,545,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. OLD Mission Capital LLC acquired a new position in Equifax during the fourth quarter worth $27,000. Spire Wealth Management boosted its stake in shares of Equifax by 118.5% during the 1st quarter. Spire Wealth Management now owns 142 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 77 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in Equifax during the second quarter valued at about $29,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Equifax in the first quarter worth about $30,000. Finally, IFP Advisors Inc boosted its holdings in Equifax by 26.3% during the first quarter. IFP Advisors Inc now owns 505 shares of the credit services provider’s stock valued at $40,000 after purchasing an additional 105 shares in the last quarter. 98.37% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, EVP Bryson R. Koehler sold 10,000 shares of Equifax stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $200.00, for a total value of $2,000,000.00. Following the sale, the executive vice president now directly owns 18,310 shares in the company, valued at approximately $3,662,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO John W. Gamble, Jr. sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $201.33, for a total value of $503,325.00. Following the sale, the chief financial officer now directly owns 44,026 shares in the company, valued at $8,863,754.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryson R. Koehler sold 10,000 shares of Equifax stock in a transaction on Monday, August 28th. The shares were sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the executive vice president now owns 18,310 shares in the company, valued at approximately $3,662,000. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock worth $3,912,985 in the last 90 days. Insiders own 1.75% of the company’s stock.
Equifax Stock Up 2.8 %
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 for the quarter, beating the consensus estimate of $1.67 by $0.04. Equifax had a return on equity of 19.67% and a net margin of 10.36%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company posted $2.09 earnings per share. The firm’s revenue was up .1% on a year-over-year basis. On average, equities research analysts anticipate that Equifax Inc. will post 6.92 EPS for the current year.
Equifax Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, September 5th. This represents a $1.56 annualized dividend and a yield of 0.76%. Equifax’s dividend payout ratio (DPR) is presently 36.71%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Bank of America lowered shares of Equifax from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $255.00 to $195.00 in a research note on Monday, July 24th. Jefferies Financial Group lifted their target price on shares of Equifax from $204.00 to $221.00 in a research note on Monday, July 10th. StockNews.com initiated coverage on shares of Equifax in a research report on Thursday, August 17th. They set a “hold” rating for the company. Morgan Stanley boosted their price target on shares of Equifax from $190.00 to $204.00 and gave the company an “equal weight” rating in a research report on Friday, July 21st. Finally, Credit Suisse Group increased their price target on shares of Equifax from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $220.63.
Get Our Latest Stock Report on EFX
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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