Equifax, Inc. (EFX) Position Raised by Commerce Bank
Commerce Bank raised its position in Equifax, Inc. (NYSE:EFX) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,039 shares of the credit services provider’s stock after buying an additional 380 shares during the period. Commerce Bank’s holdings in Equifax were worth $3,560,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. State Street Corp increased its position in shares of Equifax by 6.3% in the fourth quarter. State Street Corp now owns 5,234,697 shares of the credit services provider’s stock valued at $618,890,000 after buying an additional 311,257 shares during the last quarter. Janus Capital Management LLC increased its position in shares of Equifax by 12.2% in the fourth quarter. Janus Capital Management LLC now owns 2,823,685 shares of the credit services provider’s stock worth $333,844,000 after buying an additional 307,371 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in shares of Equifax by 4.6% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,797,887 shares of the credit services provider’s stock worth $212,564,000 after buying an additional 79,196 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in shares of Equifax by 0.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,116,721 shares of the credit services provider’s stock worth $132,030,000 after buying an additional 7,643 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Equifax during the third quarter worth about $146,412,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.
Shares of Equifax, Inc. (NYSE EFX) opened at 142.58 on Friday. The company has a market capitalization of $17.14 billion, a P/E ratio of 32.04 and a beta of 0.89. Equifax, Inc. has a 12 month low of $110.87 and a 12 month high of $143.09. The company has a 50-day moving average price of $137.01 and a 200-day moving average price of $129.19.
Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, April 26th. The credit services provider reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.03. The business had revenue of $832.20 million during the quarter, compared to the consensus estimate of $825.14 million. Equifax had a return on equity of 25.20% and a net margin of 16.62%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 earnings per share. On average, analysts forecast that Equifax, Inc. will post $6.06 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Tuesday, May 23rd. Equifax’s dividend payout ratio is currently 35.14%.
A number of research firms have recently weighed in on EFX. Royal Bank of Canada reaffirmed a “buy” rating and issued a $144.00 target price on shares of Equifax in a research report on Thursday, March 30th. Atlantic Securities started coverage on shares of Equifax in a research note on Thursday, March 23rd. They issued an “overweight” rating and a $156.00 price target on the stock. Stifel Nicolaus upped their price target on shares of Equifax from $144.00 to $149.00 and gave the stock a “buy” rating in a research note on Wednesday, March 22nd. Stephens cut shares of Equifax from an “overweight” rating to an “equal weight” rating in a research note on Friday, April 28th. Finally, Argus began coverage on shares of Equifax in a research note on Tuesday. They set a “buy” rating and a $166.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $141.50.
In other news, CFO John W. Gamble, Jr. sold 14,000 shares of Equifax stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $136.44, for a total value of $1,910,160.00. Following the completion of the sale, the chief financial officer now owns 48,578 shares of the company’s stock, valued at $6,627,982.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.29% of the stock is owned by insiders.
Equifax Company Profile
Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.
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