Pitcairn Co. Has $366,000 Position in Equifax, Inc. (EFX)
Pitcairn Co. reduced its stake in shares of Equifax, Inc. (NYSE:EFX) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,661 shares of the credit services provider’s stock after selling 108 shares during the period. Pitcairn Co.’s holdings in Equifax were worth $366,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of EFX. Macquarie Group Ltd. raised its stake in shares of Equifax by 58.2% in the fourth quarter. Macquarie Group Ltd. now owns 65,232 shares of the credit services provider’s stock valued at $7,712,000 after buying an additional 24,011 shares during the last quarter. Creative Planning raised its stake in shares of Equifax by 18.9% in the first quarter. Creative Planning now owns 7,135 shares of the credit services provider’s stock valued at $976,000 after buying an additional 1,133 shares during the last quarter. National Pension Service raised its stake in shares of Equifax by 4.4% in the first quarter. National Pension Service now owns 102,655 shares of the credit services provider’s stock valued at $14,019,000 after buying an additional 4,307 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Equifax by 47.1% in the first quarter. Bank of Montreal Can now owns 59,342 shares of the credit services provider’s stock valued at $8,113,000 after buying an additional 19,007 shares during the last quarter. Finally, Atria Investments LLC raised its stake in shares of Equifax by 2.0% in the first quarter. Atria Investments LLC now owns 2,765 shares of the credit services provider’s stock valued at $378,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 89.63% of the company’s stock.
Equifax, Inc. (NYSE EFX) opened at 142.88 on Wednesday. The stock has a market capitalization of $17.20 billion, a price-to-earnings ratio of 30.26 and a beta of 0.91. The company has a 50-day moving average of $141.83 and a 200-day moving average of $136.19. Equifax, Inc. has a 1-year low of $110.87 and a 1-year high of $147.02.
Equifax (NYSE:EFX) last announced its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.03. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The business had revenue of $856.70 million during the quarter, compared to analysts’ expectations of $860.48 million. During the same period in the prior year, the company earned $1.43 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. Analysts anticipate that Equifax, Inc. will post $6.08 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 1.09%. Equifax’s dividend payout ratio is currently 33.05%.
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Several equities research analysts have recently issued reports on EFX shares. Deutsche Bank AG restated a “buy” rating and set a $160.00 price target (up previously from $140.00) on shares of Equifax in a research note on Thursday, July 27th. BidaskClub lowered shares of Equifax from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Argus started coverage on shares of Equifax in a research note on Tuesday, June 13th. They set a “buy” rating and a $166.00 price target for the company. Stephens lowered shares of Equifax from an “overweight” rating to an “equal weight” rating in a research note on Friday, April 28th. Finally, Zacks Investment Research lowered shares of Equifax from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $145.45.
In other Equifax news, insider Joseph Michael Loughran III sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $146.02, for a total transaction of $584,080.00. Following the completion of the sale, the insider now directly owns 42,723 shares of the company’s stock, valued at $6,238,412.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO John W. Gamble, Jr. sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $136.44, for a total transaction of $1,910,160.00. Following the sale, the chief financial officer now directly owns 48,578 shares of the company’s stock, valued at $6,627,982.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,219 shares of company stock valued at $3,691,098. 1.29% of the stock is owned by corporate 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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