Platinum Investment Management Ltd. Takes Position in Equifax, Inc. (EFX)
Platinum Investment Management Ltd. purchased a new position in Equifax, Inc. (NYSE:EFX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 464,100 shares of the credit services provider’s stock, valued at approximately $49,189,000. Equifax makes up about 1.2% of Platinum Investment Management Ltd.’s holdings, making the stock its 22nd biggest position. Platinum Investment Management Ltd. owned approximately 0.39% of Equifax at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC raised its stake in Equifax by 5.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 781 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 37 shares in the last quarter. Sun Life Financial INC raised its stake in Equifax by 9,722.2% in the second quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock valued at $121,000 after purchasing an additional 875 shares in the last quarter. IFP Advisors Inc raised its stake in Equifax by 24.6% in the second 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 in the last quarter. Meeder Asset Management Inc. purchased a new stake in Equifax in the third quarter valued at approximately $134,000. Finally, ETF Managers Group LLC purchased a new stake in Equifax in the second quarter valued at approximately $137,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $149.00 target price on shares of Equifax in a research note on Tuesday, September 26th. Wells Fargo & Company raised shares of Equifax from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $135.00 to $127.00 in a research note on Friday, September 22nd. SunTrust Banks raised their target price on shares of Equifax from $110.00 to $155.00 in a research note on Friday, September 15th. Stephens reaffirmed a “hold” rating and issued a $110.00 target price (down from $145.00) on shares of Equifax in a research note on Thursday, September 14th. Finally, Goldman Sachs Group assumed coverage on shares of Equifax in a research note on Wednesday, November 8th. They issued a “neutral” rating and a $116.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $128.07.
Equifax (NYSE:EFX) last posted its quarterly earnings results on Thursday, November 9th. The credit services provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.49 by $0.04. The firm had revenue of $834.80 million for the quarter, compared to the consensus estimate of $847.28 million. Equifax had a net margin of 16.18% and a return on equity of 24.45%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. sell-side analysts predict that Equifax, Inc. will post 5.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Wednesday, November 22nd. Equifax’s dividend payout ratio (DPR) is presently 35.29%.
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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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