Qube Research & Technologies Ltd reduced its stake in shares of Equifax Inc. (NYSE:EFX) by 65.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,671 shares of the credit services provider’s stock after selling 3,098 shares during the quarter. Qube Research & Technologies Ltd’s holdings in Equifax were worth $226,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in EFX. FMR LLC increased its position in shares of Equifax by 170.6% in the first quarter. FMR LLC now owns 1,737,197 shares of the credit services provider’s stock valued at $205,857,000 after buying an additional 1,095,138 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Equifax by 101,464.1% in the second quarter. Bessemer Group Inc. now owns 404,225 shares of the credit services provider’s stock valued at $54,669,000 after buying an additional 403,827 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Equifax by 68.3% in the first quarter. New York State Common Retirement Fund now owns 618,290 shares of the credit services provider’s stock valued at $73,267,000 after buying an additional 250,960 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Equifax by 1,266.6% in the first quarter. SG Americas Securities LLC now owns 234,374 shares of the credit services provider’s stock valued at $27,773,000 after buying an additional 217,224 shares in the last quarter. Finally, Anchor Capital Advisors LLC purchased a new stake in shares of Equifax in the second quarter valued at approximately $15,490,000. Institutional investors own 95.08% of the company’s stock.
A number of analysts have recently commented on the company. Stephens boosted their price objective on Equifax from $130.00 to $131.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Morgan Stanley boosted their price objective on Equifax from $115.00 to $129.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th. Royal Bank of Canada assumed coverage on Equifax in a research report on Wednesday, July 3rd. They issued an “outperform” rating for the company. Robert W. Baird boosted their price objective on Equifax from $129.00 to $153.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Zacks Investment Research raised Equifax from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $130.09.
Equifax (NYSE:EFX) last released its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.04. The company had revenue of $880.00 million for the quarter, compared to analyst estimates of $873.74 million. Equifax had a positive return on equity of 22.63% and a negative net margin of 12.52%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 earnings per share. As a group, analysts expect that Equifax Inc. will post 5.6 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, August 22nd. Equifax’s dividend payout ratio (DPR) is currently 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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