Elk Creek Partners LLC Continues to Hold Holdings in Equifax, Inc. (EFX)
Elk Creek Partners LLC continued to hold its stake in Equifax, Inc. (NYSE:EFX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,055 shares of the credit services provider’s stock at the close of the 2nd quarter. Elk Creek Partners LLC’s holdings in Equifax were worth $420,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in EFX. IFP Advisors Inc lifted its position in shares of Equifax by 24.6% during the 2nd quarter. IFP Advisors Inc now owns 928 shares of the credit services provider’s stock worth $128,000 after buying an additional 183 shares during the period. SNS Financial Group LLC bought a new position in shares of Equifax during the 2nd quarter worth approximately $200,000. Park Avenue Securities LLC bought a new position in shares of Equifax during the 2nd quarter worth approximately $201,000. Wilbanks Smith & Thomas Asset Management LLC bought a new position in shares of Equifax during the 1st quarter worth approximately $202,000. Finally, Captrust Financial Advisors bought a new position in shares of Equifax during the 2nd quarter worth approximately $204,000. Institutional investors own 90.00% of the company’s stock.
Several equities analysts recently commented on the company. Royal Bank Of Canada cut their target price on Equifax from $154.00 to $113.00 and set an “outperform” rating for the company in a research report on Tuesday. J P Morgan Chase & Co restated a “buy” rating on shares of Equifax in a research report on Friday, September 8th. Morgan Stanley restated an “equal weight” rating and set a $144.00 target price (up previously from $142.00) on shares of Equifax in a research report on Tuesday, July 18th. Zacks Investment Research downgraded Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Cowen and Company restated a “buy” rating and set a $151.00 target price on shares of Equifax in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $136.73.
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In other news, CFO John W. Gamble, Jr. sold 6,500 shares of the 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 completion of the transaction, the chief financial officer now directly owns 42,078 shares in the company, valued at approximately $6,126,556.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph Michael Loughran III sold 4,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $146.02, for a total value of $584,080.00. Following the completion of the transaction, the insider now owns 42,723 shares of the company’s stock, valued at $6,238,412.46. The disclosure for this sale can be found here. Insiders have sold 12,219 shares of company stock valued at $1,780,938 over the last 90 days. Corporate insiders own 1.29% of the company’s stock.
Shares of Equifax, Inc. (EFX) opened at 92.43 on Tuesday. The firm has a market capitalization of $11.13 billion, a PE ratio of 19.58 and a beta of 0.93. The stock has a 50 day moving average price of $134.93 and a 200 day moving average price of $136.82. 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 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.03. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The firm 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 company’s quarterly revenue was up 5.6% on a year-over-year basis. Equities research analysts anticipate that Equifax, Inc. will post $6.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, August 23rd. Equifax’s payout ratio is presently 33.05%.
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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