Sumitomo Mitsui Trust Holdings Inc. Boosts Position in Equifax, Inc. (EFX)
Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Equifax, Inc. (NYSE:EFX) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 361,625 shares of the company’s stock after buying an additional 1,831 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Equifax were worth $48,667,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EFX. Checchi Capital Advisers LLC raised its position in Equifax by 14.1% in the second quarter. Checchi Capital Advisers LLC now owns 956 shares of the company’s stock worth $123,000 after buying an additional 118 shares during the last quarter. Trust Co. of Vermont raised its position in Equifax by 370.0% in the third quarter. Trust Co. of Vermont now owns 940 shares of the company’s stock worth $127,000 after buying an additional 740 shares during the last quarter. Van ECK Associates Corp acquired a new position in Equifax during the second quarter worth approximately $132,000. Financial Architects Inc raised its position in Equifax by 1,379.5% in the second quarter. Financial Architects Inc now owns 1,154 shares of the company’s stock worth $149,000 after buying an additional 1,076 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in Equifax during the second quarter worth approximately $162,000. 86.74% of the stock is owned by institutional investors and hedge funds.
Shares of Equifax, Inc. (NYSE:EFX) opened at 120.31 on Friday. The company has a 50 day moving average price of $117.78 and a 200 day moving average price of $126.92. The stock has a market cap of $14.41 billion, a P/E ratio of 30.46 and a beta of 0.81. Equifax, Inc. has a 1-year low of $91.72 and a 1-year high of $136.97.
Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.08. The business earned $804.10 million during the quarter, compared to the consensus estimate of $208.05 million. Equifax had a net margin of 15.87% and a return on equity of 24.73%. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share. On average, equities analysts anticipate that Equifax, Inc. will post $5.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 23rd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.10%. The ex-dividend date was Monday, November 21st. Equifax’s payout ratio is currently 33.42%.
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A number of research analysts have commented on the company. Deutsche Bank AG reaffirmed a “buy” rating and set a $130.00 price target (down previously from $140.00) on shares of Equifax in a research report on Thursday, December 8th. RBC Capital Markets reaffirmed a “buy” rating and set a $146.00 price target (up previously from $142.00) on shares of Equifax in a research report on Friday, October 28th. Zacks Investment Research downgraded Equifax from a “buy” rating to a “hold” rating in a report on Tuesday, November 29th. Royal Bank Of Canada upped their target price on Equifax from $142.00 to $146.00 and gave the stock an “outperform” rating in a report on Friday, October 28th. Finally, Robert W. Baird upgraded Equifax from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $135.00 to $130.00 in a report on Monday, December 5th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $138.09.
In other Equifax news, insider J Dann Adams sold 434 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $125.00, for a total value of $54,250.00. Following the completion of the sale, the insider now owns 57,370 shares of the company’s stock, valued at $7,171,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director G. Thomas Hough acquired 2,000 shares of the firm’s stock in a transaction on Friday, October 28th. The stock was purchased at an average cost of $123.85 per share, with a total value of $247,700.00. Following the purchase, the director now owns 3,307 shares of the company’s stock, valued at $409,571.95. The disclosure for this purchase can be found here. 2.01% of the stock is currently owned by company insiders.
Equifax Inc is a provider of 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 Personal Solutions. USIS provides consumer and commercial information solutions to businesses in the United States, including online information, decisioning technology solutions, fraud and identity management services, portfolio management services, mortgage reporting and financial marketing services.
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