Senator Investment Group LP acquired a new stake in shares of Equifax Inc. (NYSE:EFX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,000,000 shares of the credit services provider’s stock, valued at approximately $125,110,000. Senator Investment Group LP owned about 0.83% of Equifax as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of EFX. Qube Research & Technologies Ltd grew its holdings in Equifax by 1,375.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,151 shares of the credit services provider’s stock valued at $144,000 after buying an additional 1,073 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in Equifax in the 2nd quarter valued at approximately $158,000. Piedmont Investment Advisors LLC acquired a new stake in Equifax in the 2nd quarter valued at approximately $175,000. Point72 Asia Hong Kong Ltd grew its holdings in Equifax by 1,186.4% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,518 shares of the credit services provider’s stock valued at $179,000 after buying an additional 1,400 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in Equifax in the 2nd quarter valued at approximately $200,000. 92.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of EFX stock opened at $136.68 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.80. Equifax Inc. has a 12 month low of $90.72 and a 12 month high of $137.00. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 3.09 and a beta of 0.86.
Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, July 25th. The credit services provider reported $1.56 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.02. Equifax had a return on equity of 22.03% and a net margin of 14.76%. The company had revenue of $876.90 million during the quarter, compared to the consensus estimate of $886.00 million. During the same quarter last year, the company earned $1.60 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. equities research analysts forecast that Equifax Inc. will post 5.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 24th were given a $0.39 dividend. The ex-dividend date was Thursday, August 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.14%. Equifax’s dividend payout ratio is currently 26.13%.
EFX has been the topic of a number of research analyst reports. Zacks Investment Research raised Equifax from a “sell” rating to a “hold” rating in a report on Friday, July 20th. JPMorgan Chase & Co. raised their target price on Equifax from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, July 27th. Morgan Stanley lowered their target price on Equifax from $120.00 to $117.00 and set an “equal weight” rating on the stock in a report on Thursday, July 26th. Finally, ValuEngine raised Equifax from a “sell” rating to a “hold” rating in a report on Friday, June 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $124.31.
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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