Westpac Banking Corp increased its holdings in Equifax Inc. (NYSE:EFX) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,879 shares of the credit services provider’s stock after acquiring an additional 201 shares during the period. Westpac Banking Corp owned about 0.10% of Equifax worth $16,753,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Equifax by 97.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,246 shares of the credit services provider’s stock worth $1,570,000 after acquiring an additional 6,548 shares during the last quarter. Oakbrook Investments LLC increased its stake in Equifax by 3.1% in the 2nd quarter. Oakbrook Investments LLC now owns 6,312 shares of the credit services provider’s stock valued at $854,000 after buying an additional 190 shares during the last quarter. First Trust Advisors LP increased its stake in Equifax by 90.5% in the 1st quarter. First Trust Advisors LP now owns 52,098 shares of the credit services provider’s stock valued at $6,174,000 after buying an additional 24,756 shares during the last quarter. Shell Asset Management Co. increased its stake in Equifax by 0.5% in the 1st quarter. Shell Asset Management Co. now owns 75,166 shares of the credit services provider’s stock valued at $8,907,000 after buying an additional 400 shares during the last quarter. Finally, Butensky & Cohen Financial Security Inc. increased its stake in Equifax by 19.1% in the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 15,401 shares of the credit services provider’s stock valued at $1,825,000 after buying an additional 2,466 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.
Shares of EFX stock traded down $2.61 during trading hours on Wednesday, hitting $140.15. 12,757 shares of the company were exchanged, compared to its average volume of 927,854. The company’s fifty day moving average price is $138.26. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.54 and a quick ratio of 0.54. Equifax Inc. has a 52-week low of $88.68 and a 52-week high of $144.46. The firm has a market cap of $17.13 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.89 and a beta of 1.26.
Equifax (NYSE:EFX) last issued its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.04. Equifax had a negative net margin of 12.52% and a positive return on equity of 22.63%. The company had revenue of $880.00 million during the quarter, compared to analyst estimates of $873.74 million. During the same quarter last year, the business posted $1.56 EPS. Equifax’s quarterly revenue was up .4% compared to the same quarter last year. Research analysts forecast that Equifax Inc. will post 5.61 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 23rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.56 annualized dividend and a dividend yield of 1.11%. Equifax’s payout ratio is currently 26.94%.
Several research firms have commented on EFX. Zacks Investment Research upgraded shares of Equifax from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Barclays reiterated a “hold” rating and issued a $125.00 price objective on shares of Equifax in a research note on Monday, May 6th. SunTrust Banks increased their price objective on shares of Equifax to $155.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Deutsche Bank increased their price objective on shares of Equifax from $110.00 to $136.00 and gave the company a “hold” rating in a research note on Tuesday, July 2nd. Finally, Stephens increased their price objective on shares of Equifax from $130.00 to $131.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $130.09.
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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