Northern Trust Corp boosted its stake in shares of Equifax Inc. (NYSE:EFX) by 1.5% during the first quarter, HoldingsChannel reports. The firm owned 1,355,529 shares of the credit services provider’s stock after acquiring an additional 19,873 shares during the period. Northern Trust Corp’s holdings in Equifax were worth $160,630,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new stake in Equifax in the fourth quarter worth approximately $34,000. Ellis Investment Partners LLC bought a new stake in Equifax in the first quarter worth approximately $36,000. Exane Asset Management bought a new stake in Equifax in the fourth quarter worth approximately $41,000. Rockefeller Capital Management L.P. bought a new stake in Equifax in the first quarter worth approximately $41,000. Finally, Parallel Advisors LLC grew its position in Equifax by 139.0% in the first quarter. Parallel Advisors LLC now owns 380 shares of the credit services provider’s stock worth $45,000 after acquiring an additional 221 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on EFX. Morgan Stanley set a $103.00 price objective on shares of Equifax and gave the stock a “hold” rating in a report on Friday, February 22nd. SunTrust Banks reaffirmed a “buy” rating and set a $125.00 price objective on shares of Equifax in a report on Friday, February 22nd. They noted that the move was a valuation call. Credit Suisse Group upped their price objective on shares of Equifax from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, February 22nd. BNP Paribas began coverage on shares of Equifax in a report on Friday, March 15th. They set an “underperform” rating and a $106.00 price objective for the company. Finally, Exane BNP Paribas began coverage on shares of Equifax in a report on Friday, March 15th. They set a “neutral” rating and a $106.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $121.27.
Shares of EFX stock traded up $1.12 during mid-day trading on Wednesday, reaching $129.77. The company’s stock had a trading volume of 8,164 shares, compared to its average volume of 969,208. Equifax Inc. has a 1-year low of $88.68 and a 1-year high of $138.69. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 2.70 and a beta of 1.20. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.57 and a current ratio of 0.57.
Equifax (NYSE:EFX) last announced its quarterly earnings data on Friday, May 10th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Equifax had a negative net margin of 10.23% and a positive return on equity of 21.95%. The company had revenue of $846.10 million during the quarter, compared to analysts’ expectations of $850.07 million. During the same quarter in the prior year, the company posted $1.43 EPS. The business’s revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts predict that Equifax Inc. will post 5.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, May 23rd. Equifax’s dividend payout ratio is 26.94%.
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Equifax Company Profile
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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