Prudential Financial Inc. raised its holdings in Equifax, Inc. (NYSE:EFX – Free Report) by 28.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,220 shares of the credit services provider’s stock after purchasing an additional 18,661 shares during the quarter. Prudential Financial Inc. owned 0.07% of Equifax worth $21,844,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in EFX. Vanguard Group Inc. increased its holdings in Equifax by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 14,966,903 shares of the credit services provider’s stock worth $3,881,966,000 after purchasing an additional 258,572 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Equifax by 40.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,037,804 shares of the credit services provider’s stock valued at $1,714,129,000 after purchasing an additional 2,009,987 shares during the period. Harris Associates L P boosted its holdings in shares of Equifax by 27.6% during the 1st quarter. Harris Associates L P now owns 4,570,557 shares of the credit services provider’s stock worth $1,113,205,000 after buying an additional 987,772 shares in the last quarter. Geode Capital Management LLC boosted its stake in Equifax by 2.5% during the second quarter. Geode Capital Management LLC now owns 3,142,763 shares of the credit services provider’s stock worth $811,650,000 after acquiring an additional 75,627 shares in the last quarter. Finally, Generation Investment Management LLP grew its stake in shares of Equifax by 63.4% in the 1st quarter. Generation Investment Management LLP now owns 2,801,325 shares of the credit services provider’s stock valued at $682,291,000 after buying an additional 1,087,446 shares during the period. 96.20% of the stock is owned by institutional investors.
Equifax Stock Performance
NYSE EFX opened at $215.01 on Wednesday. The company has a fifty day moving average of $227.96 and a 200-day moving average of $246.18. Equifax, Inc. has a 52-week low of $199.98 and a 52-week high of $281.07. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $26.32 billion, a P/E ratio of 40.80, a P/E/G ratio of 2.41 and a beta of 1.64.
Equifax Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 24th will be issued a $0.50 dividend. The ex-dividend date is Monday, November 24th. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. Equifax’s dividend payout ratio (DPR) is currently 37.95%.
Insiders Place Their Bets
In other news, EVP Jamil Farshchi sold 4,925 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $238.94, for a total transaction of $1,176,779.50. Following the transaction, the executive vice president directly owned 39,364 shares of the company’s stock, valued at approximately $9,405,634.16. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark W. Begor sold 21,386 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $231.12, for a total transaction of $4,942,732.32. Following the completion of the transaction, the chief executive officer owned 22,045 shares of the company’s stock, valued at $5,095,040.40. This trade represents a 49.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 54,270 shares of company stock worth $12,580,837. Insiders own 1.40% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on EFX shares. Stifel Nicolaus reduced their price target on shares of Equifax from $295.00 to $253.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $295.00 price target on shares of Equifax in a research report on Tuesday, October 21st. UBS Group lifted their price objective on shares of Equifax from $287.00 to $297.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Oppenheimer assumed coverage on Equifax in a research note on Monday, October 13th. They issued an “outperform” rating and a $271.00 target price on the stock. Finally, Bank of America dropped their price target on shares of Equifax from $285.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $277.13.
Read Our Latest Stock Analysis on EFX
Equifax Company Profile
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.
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