Kings Point Capital Management Sells 784 Shares of Equifax, Inc. (EFX)
Kings Point Capital Management cut its position in Equifax, Inc. (NYSE:EFX) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,444 shares of the credit services provider’s stock after selling 784 shares during the period. Kings Point Capital Management’s holdings in Equifax were worth $3,634,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of EFX. Bank of Montreal Can increased its position 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 worth $8,113,000 after buying an additional 19,007 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Equifax during the first quarter worth about $463,000. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Equifax during the first quarter worth about $205,000. Mn Services Vermogensbeheer B.V. increased its position in shares of Equifax by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,194 shares of the credit services provider’s stock worth $408,000 after buying an additional 143 shares in the last quarter. Finally, BTIM Corp. increased its position in shares of Equifax by 37.7% in the first quarter. BTIM Corp. now owns 10,466 shares of the credit services provider’s stock worth $1,432,000 after buying an additional 2,866 shares in the last quarter. Institutional investors own 89.63% of the company’s stock.
Shares of Equifax, Inc. (NYSE EFX) traded up 0.23% during mid-day trading on Friday, hitting $140.70. 304,007 shares of the stock traded hands. The stock has a 50-day moving average of $142.35 and a 200 day moving average of $137.22. Equifax, Inc. has a one year low of $110.87 and a one year high of $147.02. The stock has a market cap of $16.94 billion, a PE ratio of 29.80 and a beta of 0.91.
Equifax (NYSE:EFX) last released its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.03. The business had revenue of $856.70 million for the quarter, compared to analysts’ expectations of $860.48 million. Equifax had a return on equity of 24.88% and a net margin of 17.44%. Equifax’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 earnings per share. Equities analysts predict that Equifax, Inc. will post $6.08 EPS for the current fiscal year.
The business also recently declared 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 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, August 23rd. Equifax’s dividend payout ratio is 33.05%.
COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/08/27/kings-point-capital-management-sells-784-shares-of-equifax-inc-efx.html.
EFX has been the subject of a number of recent research reports. 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 target for the company. BidaskClub upgraded shares of Equifax from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research downgraded shares of Equifax from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Morgan Stanley reiterated an “equal weight” rating and issued a $144.00 price target (up previously from $142.00) on shares of Equifax in a research note on Tuesday, July 18th. Finally, Deutsche Bank AG restated a “buy” rating and set a $160.00 price objective (up previously from $140.00) on shares of Equifax in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $145.45.
In related news, CFO John W. Gamble, Jr. sold 6,500 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $145.60, for a total value of $946,400.00. Following the sale, the chief financial officer now owns 42,078 shares of the company’s stock, valued at approximately $6,126,556.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Rodolfo O. Ploder sold 1,719 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $145.70, for a total value of $250,458.30. Following the completion of the sale, the insider now directly owns 43,648 shares in the company, valued at approximately $6,359,513.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,219 shares of company stock worth $1,780,938. 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.
Want to see what other hedge funds are holding EFX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equifax, Inc. (NYSE:EFX).
Receive News & Stock Ratings for Equifax Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equifax Inc. and related stocks with our FREE daily email newsletter.