Standard Life Investments LTD Buys 196,930 Shares of Equifax Inc. (EFX)
Standard Life Investments LTD raised its stake in Equifax Inc. (NYSE:EFX) by 23.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,032,294 shares of the company’s stock after buying an additional 196,930 shares during the period. Standard Life Investments LTD owned approximately 0.87% of Equifax worth $132,532,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in EFX. Geode Capital Management LLC boosted its position in Equifax by 2.8% in the first quarter. Geode Capital Management LLC now owns 999,071 shares of the company’s stock valued at $113,959,000 after buying an additional 27,652 shares during the last quarter. Smith Asset Management Group LP acquired a new position in Equifax during the second quarter valued at about $12,359,000. Springbok Capital Management LLC acquired a new position in Equifax during the first quarter valued at about $133,000. Samlyn Capital LLC acquired a new position in Equifax during the first quarter valued at about $33,099,000. Finally, Strs Ohio boosted its position in Equifax by 34.6% in the second quarter. Strs Ohio now owns 400,825 shares of the company’s stock valued at $51,465,000 after buying an additional 102,956 shares during the last quarter. 88.64% of the stock is owned by institutional investors.
Shares of Equifax Inc. (NYSE:EFX) traded down 0.52% during midday trading on Tuesday, hitting $133.27. The stock had a trading volume of 402,075 shares. The firm has a market capitalization of $15.90 billion, a PE ratio of 34.70 and a beta of 0.87. The firm’s 50-day moving average price is $132.45 and its 200-day moving average price is $125.97. Equifax Inc. has a one year low of $91.72 and a one year high of $136.97.
Equifax (NYSE:EFX) last posted its earnings results on Wednesday, July 27th. The company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.07. The business earned $811.30 million during the quarter, compared to the consensus estimate of $802.85 million. Equifax had a return on equity of 24.51% and a net margin of 16.11%. Equifax’s revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the company earned $1.15 EPS. On average, equities analysts predict that Equifax Inc. will post ($0.47) EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 19th were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, August 17th. This represents a $1.32 dividend on an annualized basis and a yield of 0.99%. Equifax’s dividend payout ratio is 34.38%.
Several research analysts have recently issued reports on EFX shares. Barclays PLC increased their price target on Equifax from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 21st. Zacks Investment Research raised Equifax from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research note on Tuesday, September 27th. Deutsche Bank AG increased their price target on Equifax from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. JPMorgan Chase & Co. increased their price target on Equifax from $133.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. Finally, Jefferies Group reissued a “hold” rating and issued a $128.00 price target on shares of Equifax in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Equifax has an average rating of “Buy” and a consensus price target of $140.11.
In related news, insider Rodolfo O. Ploder sold 3,100 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $131.87, for a total transaction of $408,797.00. Following the completion of the sale, the insider now directly owns 46,936 shares of the company’s stock, valued at approximately $6,189,450.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider J Dann Adams sold 4,422 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $134.00, for a total value of $592,548.00. Following the sale, the insider now directly owns 57,804 shares of the company’s stock, valued at $7,745,736. The disclosure for this sale can be found here. Corporate insiders own 2.01% of the company’s stock.
Equifax Inc is a provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Personal Solutions. USIS provides consumer and commercial information solutions to businesses in the United States, including online information, decisioning technology solutions, fraud and identity management services, portfolio management services, mortgage reporting and financial marketing services.
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