IBM Retirement Fund Purchases New Holdings in Equifax Inc. (EFX)
IBM Retirement Fund purchased a new stake in Equifax Inc. (NYSE:EFX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,766 shares of the credit services provider’s stock, valued at approximately $208,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Burgundy Asset Management Ltd. increased its holdings in shares of Equifax by 0.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,683,442 shares of the credit services provider’s stock valued at $231,339,000 after purchasing an additional 11,216 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Equifax by 33.4% during the 3rd quarter. Victory Capital Management Inc. now owns 21,633 shares of the credit services provider’s stock valued at $2,293,000 after acquiring an additional 5,416 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Equifax during the 3rd quarter valued at about $90,020,000. Toronto Dominion Bank increased its holdings in Equifax by 508.8% during the 3rd quarter. Toronto Dominion Bank now owns 247,898 shares of the credit services provider’s stock valued at $26,272,000 after acquiring an additional 207,180 shares in the last quarter. Finally, Telemus Capital LLC purchased a new position in Equifax during the 4th quarter valued at about $859,000. Institutional investors and hedge funds own 94.80% of the company’s stock.
Several equities analysts have weighed in on the stock. Goldman Sachs Group assumed coverage on shares of Equifax in a report on Wednesday, November 8th. They set a “neutral” rating and a $116.00 target price for the company. Royal Bank of Canada raised their target price on shares of Equifax to $126.00 and gave the company a “sector perform” rating in a report on Friday, January 19th. Barclays downgraded shares of Equifax from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $115.00 to $128.00 in a report on Thursday, December 14th. Stifel Nicolaus downgraded shares of Equifax from a “buy” rating to a “hold” rating and dropped their target price for the company from $149.00 to $115.00 in a report on Monday, November 13th. Finally, Morgan Stanley raised their target price on shares of Equifax from $112.00 to $119.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $128.07.
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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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