TIAA CREF Investment Management LLC Sells 16,042 Shares of Equifax, Inc. (EFX)
TIAA CREF Investment Management LLC reduced its position in Equifax, Inc. (NYSE:EFX) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 509,475 shares of the credit services provider’s stock after selling 16,042 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.42% of Equifax worth $70,012,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in shares of Equifax by 24.6% in the 2nd quarter. IFP Advisors Inc now owns 928 shares of the credit services provider’s stock worth $128,000 after purchasing an additional 183 shares in the last quarter. SNS Financial Group LLC bought a new position in shares of Equifax in the 2nd quarter worth $200,000. Park Avenue Securities LLC bought a new position in shares of Equifax in the 2nd quarter worth $201,000. Wilbanks Smith & Thomas Asset Management LLC bought a new position in shares of Equifax in the 1st quarter worth $202,000. Finally, Edgewood Management LLC bought a new position in shares of Equifax in the 1st quarter worth $205,000. Institutional investors own 90.00% of the company’s stock.
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In other news, CFO John W. Gamble, Jr. sold 6,500 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $145.60, for a total transaction of $946,400.00. Following the transaction, the chief financial officer now directly owns 42,078 shares of the company’s stock, valued at $6,126,556.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Rodolfo O. Ploder sold 1,719 shares of the company’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 transaction, 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. Over the last ninety days, insiders have sold 12,219 shares of company stock worth $1,780,938. Corporate insiders own 1.29% of the company’s stock.
A number of equities analysts recently issued reports on EFX shares. Cowen and Company reiterated a “buy” rating and issued a $151.00 target price on shares of Equifax in a report on Friday, July 28th. Morgan Stanley restated an “equal weight” rating and set a $144.00 price objective (up from $142.00) on shares of Equifax in a research note on Tuesday, July 18th. Stifel Nicolaus restated a “buy” rating and set a $149.00 price objective on shares of Equifax in a research note on Friday, September 8th. Zacks Investment Research cut Equifax from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, BidaskClub cut Equifax from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $137.93.
Shares of Equifax, Inc. (NYSE EFX) opened at 92.98 on Monday. The stock’s 50 day moving average price is $136.38 and its 200-day moving average price is $137.03. The company has a market capitalization of $11.19 billion, a PE ratio of 19.69 and a beta of 0.93. Equifax, Inc. has a 1-year low of $89.59 and a 1-year high of $147.02.
Equifax (NYSE:EFX) last released its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.03. The firm 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%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 earnings per share. On average, equities analysts predict that Equifax, Inc. will post $6.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Wednesday, August 23rd. Equifax’s payout ratio is currently 33.05%.
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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