Equifax, Inc. (EFX) Shares Gap Down on Analyst Downgrade
Equifax, Inc. (NYSE:EFX) shares gapped down prior to trading on Monday after Morgan Stanley lowered their price target on the stock from $144.00 to $140.00. The stock had previously closed at $124.64, but opened at $123.23. Morgan Stanley currently has an equal weight rating on the stock. Equifax shares last traded at $116.59, with a volume of 3,920,257 shares changing hands.
Other research analysts have also recently issued research reports about the stock. J P Morgan Chase & Co reiterated a “buy” rating on shares of Equifax in a report on Friday, September 8th. Cowen and Company reiterated a “buy” rating and issued a $151.00 price target on shares of Equifax in a report on Friday, July 28th. Zacks Investment Research cut shares of Equifax from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Argus assumed coverage on shares of Equifax in a report on Tuesday, June 13th. They issued a “buy” rating and a $166.00 price target for the company. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Equifax in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $148.42.
In other Equifax news, CFO John W. Gamble, Jr. sold 6,500 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total transaction of $946,400.00. Following the sale, the chief financial officer now directly owns 42,078 shares of the company’s stock, valued at $6,126,556.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rodolfo O. Ploder sold 1,719 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $145.70, for a total transaction of $250,458.30. Following the sale, the insider now directly owns 43,648 shares in the company, valued at $6,359,513.60. The disclosure for this sale can be found here. Insiders have sold 12,219 shares of company stock valued at $1,780,938 in the last 90 days. 1.29% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Equifax by 3.2% during the second quarter. Vanguard Group Inc. now owns 11,801,839 shares of the credit services provider’s stock worth $1,621,809,000 after acquiring an additional 368,255 shares in the last quarter. BlackRock Inc. raised its position in Equifax by 7.0% during the second quarter. BlackRock Inc. now owns 9,933,776 shares of the credit services provider’s stock worth $1,365,099,000 after acquiring an additional 653,096 shares in the last quarter. FMR LLC raised its position in Equifax by 5.8% during the second quarter. FMR LLC now owns 6,046,517 shares of the credit services provider’s stock worth $830,912,000 after acquiring an additional 329,481 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Equifax by 3.7% during 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 acquiring an additional 212,392 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Equifax by 2.6% during 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 acquiring an additional 134,056 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.
The stock has a market cap of $13.96 billion, a PE ratio of 24.56 and a beta of 0.93. The stock has a 50 day moving average of $141.34 and a 200-day moving average of $137.97.
Equifax (NYSE:EFX) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.03. The firm had revenue of $856.70 million for the quarter, compared to the consensus estimate of $860.48 million. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. On average, equities research analysts anticipate that Equifax, Inc. will post $6.07 EPS for the current fiscal year.
The company also recently disclosed 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. This represents a $1.56 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Wednesday, August 23rd. Equifax’s dividend payout ratio is 33.05%.
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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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