Eagle Ridge Investment Management lessened its stake in Equifax Inc. (NYSE:EFX) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,928 shares of the credit services provider’s stock after selling 300 shares during the quarter. Eagle Ridge Investment Management’s holdings in Equifax were worth $396,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. NuWave Investment Management LLC boosted its stake in Equifax by 933.3% during the 2nd quarter. NuWave Investment Management LLC now owns 186 shares of the credit services provider’s stock worth $25,000 after purchasing an additional 168 shares during the last quarter. Ellis Investment Partners LLC acquired a new stake in Equifax during the 1st quarter worth $36,000. Parallel Advisors LLC boosted its position in shares of Equifax by 139.0% during the 1st quarter. Parallel Advisors LLC now owns 380 shares of the credit services provider’s stock valued at $45,000 after acquiring an additional 221 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of Equifax by 122.6% during the 2nd quarter. Advisory Services Network LLC now owns 345 shares of the credit services provider’s stock valued at $47,000 after acquiring an additional 190 shares during the last quarter. Finally, Trustcore Financial Services LLC acquired a new position in shares of Equifax during the 1st quarter valued at about $54,000. 94.17% of the stock is owned by institutional investors.
NYSE EFX traded up $0.32 during trading hours on Thursday, reaching $140.26. The company had a trading volume of 9,385 shares, compared to its average volume of 937,172. The firm has a 50-day moving average price of $138.43. Equifax Inc. has a 1-year low of $88.68 and a 1-year high of $144.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market capitalization of $16.91 billion, a PE ratio of 24.25, a P/E/G ratio of 2.86 and a beta of 1.26.
Equifax (NYSE:EFX) last posted its earnings results on Wednesday, July 24th. The credit services provider reported $1.40 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analysts’ expectations of $873.74 million. During the same quarter in the prior year, the company posted $1.56 earnings per share. Equifax’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, research analysts forecast that Equifax Inc. will post 5.61 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 23rd will be given a $0.39 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $1.56 dividend on an annualized basis and a yield of 1.11%. Equifax’s payout ratio is currently 26.94%.
Several research analysts have recently weighed in on EFX shares. ValuEngine raised shares of Equifax from a “hold” rating to a “buy” rating in a research report on Tuesday, May 28th. Morgan Stanley boosted their price target on shares of Equifax from $115.00 to $129.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th. Zacks Investment Research raised shares of Equifax from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. SunTrust Banks boosted their price target on shares of Equifax to $155.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Robert W. Baird boosted their price target on shares of Equifax from $129.00 to $153.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Equifax presently has an average rating of “Hold” and an average price target 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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