Bristol Gate Capital Partners Inc. Invests $29.52 Million in Equifax, Inc. (EFX)
Bristol Gate Capital Partners Inc. purchased a new position in Equifax, Inc. (NYSE:EFX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 214,806 shares of the credit services provider’s stock, valued at approximately $29,519,000. Equifax comprises about 4.5% of Bristol Gate Capital Partners Inc.’s holdings, making the stock its 15th largest position. Bristol Gate Capital Partners Inc. owned approximately 0.18% of Equifax at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in EFX. Vanguard Group Inc. boosted its position in Equifax by 3.4% in the first quarter. Vanguard Group Inc. now owns 11,433,584 shares of the credit services provider’s stock worth $1,563,429,000 after buying an additional 373,774 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Equifax by 1,540.8% in the first quarter. BlackRock Inc. now owns 9,280,680 shares of the credit services provider’s stock worth $1,269,041,000 after buying an additional 8,715,062 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Equifax by 3.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,997,177 shares of the credit services provider’s stock worth $820,055,000 after buying an additional 212,392 shares during the period. Wellington Management Group LLP boosted its stake in shares of Equifax by 2.6% in the first quarter. Wellington Management Group LLP now owns 5,351,242 shares of the credit services provider’s stock worth $731,730,000 after buying an additional 134,056 shares during the period. Finally, William Blair Investment Management LLC boosted its stake in shares of Equifax by 99.4% in the first quarter. William Blair Investment Management LLC now owns 1,305,063 shares of the credit services provider’s stock worth $178,454,000 after buying an additional 650,550 shares during the period. 89.63% of the stock is owned by institutional investors and hedge funds.
Shares of Equifax, Inc. (EFX) opened at 139.89 on Friday. The firm’s 50-day moving average is $142.07 and its 200 day moving average is $136.43. The stock has a market cap of $16.84 billion, a PE ratio of 29.63 and a beta of 0.91. Equifax, Inc. has a 12 month low of $110.87 and a 12 month high of $147.02.
Equifax (NYSE:EFX) last released its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, topping 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 company had revenue of $856.70 million during the quarter, compared to analyst estimates of $860.48 million. During the same period in the prior year, the firm earned $1.43 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts predict that Equifax, Inc. will post $6.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, August 23rd. Equifax’s dividend payout ratio (DPR) is presently 33.05%.
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EFX has been the subject of a number of research reports. Stephens cut shares of Equifax from an “overweight” rating to an “equal weight” rating in a research note on Friday, April 28th. Argus initiated coverage on shares of Equifax in a research note on Tuesday, June 13th. They issued a “buy” rating and a $166.00 price objective for the company. BidaskClub raised shares of Equifax from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research cut shares of Equifax from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $144.00 price objective (up previously from $142.00) on shares of Equifax in a research note on Tuesday, July 18th. One 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. The company presently has a consensus rating of “Buy” and an average target price of $145.45.
In other Equifax news, CFO John W. Gamble, Jr. sold 14,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were 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 directly owns 48,578 shares in the company, valued at $6,627,982.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rodolfo O. Ploder sold 1,719 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $145.70, for a total transaction of $250,458.30. Following the completion of the transaction, the insider now owns 43,648 shares of the company’s stock, valued at $6,359,513.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,219 shares of company stock valued at $3,691,098. 1.29% of the stock is owned by insiders.
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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