Northern Trust Corp Has $184.79 Million Stock Holdings in Equifax Inc. (NYSE:EFX)
Northern Trust Corp boosted its stake in shares of Equifax Inc. (NYSE:EFX) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,366,374 shares of the credit services provider’s stock after purchasing an additional 10,845 shares during the quarter. Northern Trust Corp owned about 1.13% of Equifax worth $184,789,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the business. Natixis Advisors L.P. raised its holdings in Equifax by 19.4% in the 2nd quarter. Natixis Advisors L.P. now owns 26,755 shares of the credit services provider’s stock valued at $3,618,000 after acquiring an additional 4,341 shares in the last quarter. GAM Holding AG acquired a new stake in shares of Equifax during the 2nd quarter worth $813,000. Roundview Capital LLC bought a new position in shares of Equifax in the second quarter worth $217,000. Pacer Advisors Inc. increased its position in shares of Equifax by 0.7% in the second quarter. Pacer Advisors Inc. now owns 11,385 shares of the credit services provider’s stock worth $1,540,000 after purchasing an additional 75 shares during the period. Finally, Independent Advisor Alliance bought a new position in shares of Equifax in the second quarter worth $208,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Equifax from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Morgan Stanley increased their price objective on shares of Equifax from $115.00 to $129.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th. Stephens raised their target price on shares of Equifax from $130.00 to $131.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Robert W. Baird boosted their target price on shares of Equifax from $129.00 to $153.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Deutsche Bank upped their target price on Equifax from $110.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $130.09.
Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.04. Equifax had a positive return on equity of 22.63% and a negative net margin of 12.52%. The company had revenue of $880.00 million during the quarter, compared to analyst estimates of $873.74 million. During the same quarter last year, the firm posted $1.56 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that Equifax Inc. will post 5.59 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 23rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, August 22nd. Equifax’s dividend payout ratio (DPR) is presently 26.94%.
Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage loan origination information; financial marketing; and identity management services.
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