Equifax, Inc. (EFX) Shares Bought by Amalgamated Bank
Amalgamated Bank raised its stake in shares of Equifax, Inc. (NYSE:EFX) by 56.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,051 shares of the credit services provider’s stock after purchasing an additional 5,063 shares during the quarter. Amalgamated Bank’s holdings in Equifax were worth $1,931,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc increased its position in Equifax by 24.6% during the 2nd quarter. IFP Advisors Inc now owns 928 shares of the credit services provider’s stock valued at $128,000 after purchasing an additional 183 shares during the period. SNS Financial Group LLC purchased a new position in Equifax during the 2nd quarter valued at $200,000. Park Avenue Securities LLC purchased a new position in Equifax during the 2nd quarter valued at $201,000. Wilbanks Smith & Thomas Asset Management LLC purchased a new position in Equifax during the 1st quarter valued at $202,000. Finally, Captrust Financial Advisors purchased a new position in Equifax during the 2nd quarter valued at $204,000. 90.00% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Rodolfo O. Ploder sold 1,719 shares of the firm’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 sale, the insider now owns 43,648 shares of the company’s stock, valued at $6,359,513.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph Michael Loughran III sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $146.02, for a total value of $584,080.00. Following the sale, the insider now directly owns 42,723 shares in the company, valued at approximately $6,238,412.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,219 shares of company stock worth $1,780,938. 1.29% of the stock is owned by corporate insiders.
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Equifax, Inc. (EFX) opened at 94.38 on Tuesday. The company has a 50-day moving average of $134.93 and a 200-day moving average of $136.82. Equifax, Inc. has a 52 week low of $89.59 and a 52 week high of $147.02. The company has a market cap of $11.36 billion, a PE ratio of 19.99 and a beta of 0.93.
Equifax (NYSE:EFX) last issued its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.03. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The company had revenue of $856.70 million for the quarter, compared to the consensus estimate of $860.48 million. During the same quarter last year, the company 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 expect that Equifax, Inc. will post $6.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Wednesday, August 23rd. Equifax’s payout ratio is currently 33.05%.
A number of research analysts have issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of Equifax from $154.00 to $113.00 and set an “outperform” rating on the stock in a research report on Tuesday. J P Morgan Chase & Co reissued a “buy” rating on shares of Equifax in a research report on Friday, September 8th. Morgan Stanley reissued an “equal weight” rating and set a $144.00 price objective (up from $142.00) on shares of Equifax in a research report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Cowen and Company reissued a “buy” rating and set a $151.00 price objective on shares of Equifax in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Equifax has a consensus rating of “Buy” and an average target price of $136.73.
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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