Insider Selling: Equifax Inc. (NYSE:EFX) CEO Sells 58,304 Shares of Stock

Equifax Inc. (NYSE:EFX) CEO Mark W. Begor sold 58,304 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $270.49, for a total transaction of $15,770,648.96. Following the transaction, the chief executive officer now owns 109,183 shares of the company’s stock, valued at approximately $29,532,909.67. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Equifax Stock Performance

EFX traded down $1.55 during trading on Tuesday, hitting $268.47. The stock had a trading volume of 966,551 shares, compared to its average volume of 852,434. The firm has a market capitalization of $33.19 billion, a P/E ratio of 60.14, a PEG ratio of 2.56 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.79 and a current ratio of 0.88. Equifax Inc. has a twelve month low of $159.95 and a twelve month high of $309.63. The company’s 50-day moving average price is $292.51 and its 200 day moving average price is $263.77.

Equifax (NYSE:EFX) last issued its quarterly earnings results on Wednesday, October 16th. The credit services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Equifax had a net margin of 10.07% and a return on equity of 18.56%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 earnings per share. On average, equities research analysts forecast that Equifax Inc. will post 7.29 EPS for the current fiscal year.

Equifax Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Tuesday, September 3rd. Equifax’s dividend payout ratio (DPR) is currently 34.74%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Robert W. Baird upped their price objective on Equifax from $290.00 to $333.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Morgan Stanley increased their price target on shares of Equifax from $250.00 to $271.00 and gave the company an “equal weight” rating in a research note on Thursday, September 12th. Barclays raised their price objective on shares of Equifax from $300.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Bank of America upped their target price on shares of Equifax from $255.00 to $286.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, The Goldman Sachs Group lifted their price target on shares of Equifax from $277.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Equifax presently has an average rating of “Moderate Buy” and a consensus target price of $310.47.

Hedge Funds Weigh In On Equifax

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Conning Inc. grew its holdings in shares of Equifax by 4.7% in the 2nd quarter. Conning Inc. now owns 848 shares of the credit services provider’s stock worth $206,000 after acquiring an additional 38 shares during the period. Intech Investment Management LLC grew its holdings in Equifax by 1.2% in the second quarter. Intech Investment Management LLC now owns 3,726 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 44 shares during the last quarter. Cromwell Holdings LLC increased its position in shares of Equifax by 13.5% in the third quarter. Cromwell Holdings LLC now owns 371 shares of the credit services provider’s stock valued at $109,000 after buying an additional 44 shares in the last quarter. Thompson Investment Management Inc. raised its stake in shares of Equifax by 0.3% during the 2nd quarter. Thompson Investment Management Inc. now owns 15,464 shares of the credit services provider’s stock worth $3,749,000 after buying an additional 45 shares during the last quarter. Finally, Greenleaf Trust boosted its position in shares of Equifax by 3.0% in the 3rd quarter. Greenleaf Trust now owns 1,665 shares of the credit services provider’s stock worth $489,000 after buying an additional 48 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

About Equifax

Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship.