Arizona State Retirement System Has $4.49 Million Stake in Equifax, Inc. (EFX)
Arizona State Retirement System cut its stake in Equifax, Inc. (NYSE:EFX) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 32,681 shares of the credit services provider’s stock after selling 300 shares during the period. Arizona State Retirement System’s holdings in Equifax were worth $4,491,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in Equifax by 9.4% in the first quarter. IFP Advisors Inc now owns 745 shares of the credit services provider’s stock valued at $102,000 after buying an additional 64 shares during the period. YorkBridge Wealth Partners LLC increased its stake in Equifax by 23.8% in the first quarter. YorkBridge Wealth Partners LLC now owns 744 shares of the credit services provider’s stock valued at $102,000 after buying an additional 143 shares during the period. Park Avenue Securities LLC bought a new stake in Equifax during the second quarter valued at approximately $201,000. Wilbanks Smith & Thomas Asset Management LLC bought a new stake in Equifax during the first quarter valued at approximately $202,000. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in Equifax during the first quarter valued at approximately $205,000. 89.63% of the stock is currently owned by institutional investors and hedge funds.
Equifax, Inc. (NYSE:EFX) opened at 142.81 on Tuesday. The company has a market capitalization of $17.19 billion, a P/E ratio of 30.25 and a beta of 0.91. Equifax, Inc. has a one year low of $110.87 and a one year high of $147.02. The stock’s 50 day moving average price is $141.73 and its 200-day moving average price is $136.01.
Equifax (NYSE:EFX) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.03. The firm had revenue of $856.70 million during the quarter, compared to analysts’ expectations of $860.48 million. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. Equities analysts forecast that Equifax, Inc. will post $6.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a $0.39 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.09%. Equifax’s payout ratio is 33.05%.
EFX has been the topic of several analyst reports. Royal Bank Of Canada reissued a “buy” rating on shares of Equifax in a report on Wednesday, August 9th. Cowen and Company reaffirmed a “buy” rating and set a $151.00 price target on shares of Equifax in a report on Friday, July 28th. Deutsche Bank AG reaffirmed a “buy” rating and set a $160.00 price target (up from $140.00) on shares of Equifax in a report on Thursday, July 27th. BidaskClub raised Equifax from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Argus started coverage on Equifax in a report on Tuesday, June 13th. They set a “buy” rating and a $166.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $145.45.
In other news, CFO John W. Gamble, Jr. sold 14,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $136.44, for a total value of $1,910,160.00. Following the completion of the sale, the chief financial officer now owns 48,578 shares of the company’s stock, valued at approximately $6,627,982.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John W. Gamble, Jr. sold 6,500 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $145.60, for a total value of $946,400.00. Following the completion of the sale, the chief financial officer now directly owns 42,078 shares of the company’s stock, valued at approximately $6,126,556.80. The disclosure for this sale can be found here. Insiders sold a total of 26,219 shares of company stock valued at $3,691,098 in the last three months. Insiders own 1.29% of the company’s stock.
Equifax Company Profile
Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.
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