Ipswich Investment Management Co. Inc. Has $284,000 Position in Equifax, Inc. (EFX)
Ipswich Investment Management Co. Inc. continued to hold its stake in shares of Equifax, Inc. (NYSE:EFX) during the second quarter, Holdings Channel reports. The firm owned 2,069 shares of the credit services provider’s stock at the end of the second quarter. Ipswich Investment Management Co. Inc.’s holdings in Equifax were worth $284,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Oakbrook Investments LLC increased its stake in shares of Equifax by 69.8% in the second quarter. Oakbrook Investments LLC now owns 7,980 shares of the credit services provider’s stock valued at $1,097,000 after buying an additional 3,280 shares in the last quarter. US Bancorp DE increased its stake in shares of Equifax by 7.2% in the second quarter. US Bancorp DE now owns 259,680 shares of the credit services provider’s stock valued at $35,685,000 after buying an additional 17,375 shares in the last quarter. State Treasurer State of Michigan increased its stake in shares of Equifax by 0.4% in the second quarter. State Treasurer State of Michigan now owns 48,846 shares of the credit services provider’s stock valued at $6,712,000 after buying an additional 200 shares in the last quarter. Aperio Group LLC increased its stake in shares of Equifax by 7.3% in the second quarter. Aperio Group LLC now owns 33,780 shares of the credit services provider’s stock valued at $4,642,000 after buying an additional 2,308 shares in the last quarter. Finally, Heritage Way Advisors LLC increased its stake in shares of Equifax by 1.9% in the second quarter. Heritage Way Advisors LLC now owns 14,471 shares of the credit services provider’s stock valued at $1,989,000 after buying an additional 273 shares in the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.
Shares of Equifax, Inc. (NYSE:EFX) traded up 0.19% during trading on Monday, reaching $144.16. The company’s stock had a trading volume of 95,277 shares. The stock’s 50 day moving average price is $139.12 and its 200-day moving average price is $132.98. Equifax, Inc. has a 52-week low of $110.87 and a 52-week high of $144.19. The stock has a market cap of $17.33 billion, a price-to-earnings ratio of 32.40 and a beta of 0.90.
Equifax (NYSE:EFX) last released its quarterly earnings data on Wednesday, April 26th. The credit services provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.03. Equifax had a return on equity of 25.20% and a net margin of 16.62%. The business had revenue of $832.20 million during the quarter, compared to analysts’ expectations of $825.14 million. During the same quarter last year, the business posted $1.23 EPS. The business’s revenue was up 14.3% on a year-over-year basis. Equities analysts anticipate that Equifax, Inc. will post $6.07 EPS for the current year.
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Several equities research analysts have issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $144.00 price target (up previously from $142.00) on shares of Equifax in a report on Tuesday, July 18th. Zacks Investment Research downgraded Equifax from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub downgraded Equifax from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Argus assumed coverage on Equifax in a research report on Tuesday, June 13th. They issued a “buy” rating and a $166.00 price target on the stock. Finally, Stephens cut Equifax from an “overweight” rating to an “equal weight” rating in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $142.08.
In other news, CFO John W. Gamble, Jr. sold 14,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 48,578 shares in the company, valued at approximately $6,627,982.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.29% of the company’s stock.
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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