GSA Capital Partners LLP cut its stake in Equifax, Inc. (NYSE:EFX) by 56.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,256 shares of the credit services provider’s stock after selling 2,976 shares during the quarter. GSA Capital Partners LLP’s holdings in Equifax were worth $310,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Equifax by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 11,433,584 shares of the credit services provider’s stock valued at $1,563,429,000 after acquiring an additional 373,774 shares during the last quarter. BlackRock Inc. boosted its position in Equifax by 7.0% during the 2nd quarter. BlackRock Inc. now owns 9,933,776 shares of the credit services provider’s stock worth $1,365,099,000 after acquiring an additional 653,096 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Equifax by 13.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,491,995 shares of the credit services provider’s stock worth $205,030,000 after acquiring an additional 174,149 shares during the last quarter. Geode Capital Management LLC boosted its position in Equifax by 8.8% during the 1st quarter. Geode Capital Management LLC now owns 1,232,506 shares of the credit services provider’s stock worth $168,307,000 after acquiring an additional 99,576 shares during the last quarter. Finally, Cantillon Capital Management LLC boosted its holdings in shares of Equifax by 15.2% in the 2nd quarter. Cantillon Capital Management LLC now owns 909,901 shares of the credit services provider’s stock valued at $125,039,000 after buying an additional 119,982 shares during the last quarter. 89.31% of the stock is owned by institutional investors.
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EFX has been the subject of several recent analyst reports. Robert W. Baird reissued a “buy” rating and issued a $141.00 price objective on shares of Equifax in a report on Tuesday, September 12th. Royal Bank Of Canada cut their price target on Equifax from $154.00 to $113.00 and set an “outperform” rating for the company in a report on Tuesday, September 19th. Evercore ISI reiterated an “outperform” rating and set a $110.00 price objective (down previously from $174.00) on shares of Equifax in a research report on Saturday, September 16th. Morgan Stanley decreased their price target on Equifax from $144.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday, September 8th. Finally, SunTrust Banks, Inc. raised their price target on Equifax from $110.00 to $155.00 in a research report on Friday, September 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $130.27.
Equifax, Inc. (NYSE EFX) opened at 108.95 on Friday. The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 23.08 and a beta of 0.87. Equifax, Inc. has a 1-year low of $89.59 and a 1-year high of $147.02. The company has a 50 day moving average price of $109.07 and a 200-day moving average price of $131.51.
Equifax (NYSE:EFX) last issued its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.57 by $0.03. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The firm had revenue of $856.70 million during the quarter, compared to analyst estimates of $860.48 million. During the same quarter in the prior year, the business posted $1.43 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts forecast that Equifax, Inc. will post $5.97 EPS for the current fiscal year.
In other news, CFO John W. Gamble, Jr. sold 6,500 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total transaction of $946,400.00. Following the sale, the chief financial officer now directly owns 42,078 shares of the company’s stock, valued at approximately $6,126,556.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph Michael Loughran III sold 4,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $146.02, for a total transaction of $584,080.00. Following the sale, the insider now directly owns 42,723 shares in the company, valued at $6,238,412.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,219 shares of company stock worth $1,780,938. 1.29% of the stock is owned by insiders.
Equifax Company Profile
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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