Franklin Resources Inc. lowered its position in shares of Equifax (NYSE:EFX) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 754,358 shares of the credit services provider’s stock after selling 140,318 shares during the period. Franklin Resources Inc. owned about 0.63% of Equifax worth $88,954,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors purchased a new stake in shares of Equifax in the 3rd quarter worth approximately $513,940,000. Iridian Asset Management LLC CT bought a new position in shares of Equifax during the 4th quarter valued at $104,558,000. OppenheimerFunds Inc. lifted its holdings in shares of Equifax by 74.7% during the 4th quarter. OppenheimerFunds Inc. now owns 2,029,934 shares of the credit services provider’s stock valued at $239,369,000 after buying an additional 867,664 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Equifax by 280.1% during the 4th quarter. Mackenzie Financial Corp now owns 973,410 shares of the credit services provider’s stock valued at $114,785,000 after buying an additional 717,320 shares during the period. Finally, Meritage Group LP bought a new position in shares of Equifax during the 3rd quarter valued at $50,723,000. 93.39% of the stock is owned by institutional investors.
NYSE EFX traded down $2.04 on Friday, reaching $117.58. 860,068 shares of the company’s stock traded hands, compared to its average volume of 1,017,516. The company has a market capitalization of $14,369.22, a PE ratio of 19.70, a P/E/G ratio of 2.02 and a beta of 0.94. Equifax has a fifty-two week low of $89.59 and a fifty-two week high of $147.02. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.60 and a quick ratio of 0.60.
Equifax (NYSE:EFX) last issued its quarterly earnings data on Thursday, March 1st. The credit services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. The business had revenue of $838.50 million during the quarter, compared to the consensus estimate of $825.70 million. Equifax had a net margin of 17.47% and a return on equity of 23.31%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 earnings per share. research analysts expect that Equifax will post 5.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Monday, March 12th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, March 9th. This represents a $1.56 annualized dividend and a dividend yield of 1.33%. Equifax’s dividend payout ratio (DPR) is presently 26.13%.
A number of equities analysts recently commented on EFX shares. Zacks Investment Research cut Equifax from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Morgan Stanley raised their price objective on Equifax from $112.00 to $119.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Wells Fargo reiterated a “buy” rating and issued a $132.00 price target (up previously from $127.00) on shares of Equifax in a research report on Monday, March 5th. William Blair reiterated an “outperform” rating on shares of Equifax in a research report on Thursday, March 1st. Finally, Barclays downgraded shares of Equifax from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $115.00 to $128.00 in a research note on Thursday, December 14th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $128.21.
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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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