Equifax, Inc. (EFX) Short Interest Up 180.6% in September
Equifax, Inc. (NYSE:EFX) was the target of a large growth in short interest in the month of September. As of September 29th, there was short interest totalling 7,070,243 shares, a growth of 180.6% from the September 15th total of 2,519,654 shares. Based on an average trading volume of 7,623,221 shares, the short-interest ratio is currently 0.9 days. Currently, 5.9% of the shares of the stock are sold short.
Several equities analysts recently commented on EFX shares. Robert W. Baird reissued a “buy” rating and set a $141.00 price target on shares of Equifax in a research report on Tuesday, September 12th. Royal Bank Of Canada dropped their price target on shares of Equifax from $154.00 to $113.00 and set an “outperform” rating for the company in a research report on Tuesday, September 19th. Evercore ISI reissued an “outperform” rating and set a $110.00 price target (down previously from $174.00) on shares of Equifax in a research report on Saturday, September 16th. Morgan Stanley dropped their price target on shares of Equifax from $144.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday, September 8th. Finally, SunTrust Banks, Inc. raised their target price on shares of Equifax from $110.00 to $155.00 in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $130.27.
In related news, CFO John W. Gamble, Jr. sold 6,500 shares of the 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 transaction, the chief financial officer now owns 42,078 shares of the company’s stock, valued at approximately $6,126,556.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction of $584,080.00. Following the transaction, 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. Insiders sold a total of 12,219 shares of company stock worth $1,780,938 in the last three months. Insiders own 1.29% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of EFX. YorkBridge Wealth Partners LLC lifted its position in shares of Equifax by 5.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 781 shares of the credit services provider’s stock valued at $108,000 after buying an additional 37 shares in the last quarter. Sun Life Financial INC lifted its position in shares of Equifax by 9,722.2% during the 2nd quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock valued at $121,000 after buying an additional 875 shares in the last quarter. 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 valued at $128,000 after buying an additional 183 shares in the last quarter. ETF Managers Group LLC purchased a new position in shares of Equifax during the 2nd quarter valued at approximately $137,000. Finally, SNS Financial Group LLC purchased a new position in shares of Equifax during the 2nd quarter valued at approximately $200,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of Equifax (NYSE:EFX) opened at 110.51 on Friday. The stock has a 50 day moving average of $111.89 and a 200-day moving average of $132.32. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 23.41 and a beta of 0.87. Equifax has a 52 week low of $89.59 and a 52 week high of $147.02.
Equifax (NYSE:EFX) last issued its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.03. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The company had revenue of $856.70 million for the quarter, compared to the consensus estimate of $860.48 million. During the same quarter in the prior year, the company earned $1.43 EPS. Equifax’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts anticipate that Equifax will post $5.97 EPS for the current year.
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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