BlueCrest Capital Management Ltd Takes $5.11 Million Position in Equifax, Inc. (EFX)
BlueCrest Capital Management Ltd acquired a new position in shares of Equifax, Inc. (NYSE:EFX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 37,201 shares of the credit services provider’s stock, valued at approximately $5,112,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. YorkBridge Wealth Partners LLC lifted its position in shares of Equifax by 5.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 781 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 37 shares during the last quarter. Sun Life Financial INC lifted its position in shares of Equifax by 9,722.2% during the 2nd quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock worth $121,000 after purchasing an additional 875 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Equifax by 24.6% during the 2nd quarter. IFP Advisors Inc now owns 928 shares of the credit services provider’s stock worth $128,000 after purchasing an additional 183 shares during the last quarter. ETF Managers Group LLC acquired a new position in Equifax in the 2nd quarter valued at approximately $137,000. Finally, SNS Financial Group LLC acquired a new position in Equifax in the 2nd quarter valued at approximately $200,000. 90.00% of the stock is owned by institutional investors and hedge funds.
In other news, insider Rodolfo O. Ploder sold 1,719 shares of Equifax stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $145.70, for a total value of $250,458.30. Following the completion of the sale, the insider now directly owns 43,648 shares in the company, valued at $6,359,513.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO John W. Gamble, Jr. sold 6,500 shares of Equifax stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total transaction of $946,400.00. Following the completion of the sale, the chief financial officer now owns 42,078 shares of the company’s stock, valued at $6,126,556.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,219 shares of company stock valued at $1,780,938. 1.29% of the stock is owned by company insiders.
EFX has been the subject of several recent research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $141.00 price target on shares of Equifax in a report on Tuesday, September 12th. Royal Bank Of Canada cut their price target on Equifax from $154.00 to $113.00 and set an “outperform” rating for the company in a report on Tuesday, September 19th. Evercore ISI reaffirmed an “outperform” rating and issued a $110.00 price target (down previously from $174.00) on shares of Equifax in a report on Saturday, September 16th. Morgan Stanley cut their price target on Equifax from $144.00 to $140.00 and set an “equal weight” rating for the company in a report on Friday, September 8th. Finally, SunTrust Banks, Inc. upped their price target on Equifax from $110.00 to $155.00 in a report on Friday, September 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. Equifax has an average rating of “Buy” and a consensus price target of $130.27.
Shares of Equifax, Inc. (NYSE:EFX) traded down 1.44% during trading on Friday, hitting $111.34. The stock had a trading volume of 2,929,581 shares. Equifax, Inc. has a 12-month low of $89.59 and a 12-month high of $147.02. The stock’s 50-day moving average is $119.71 and its 200-day moving average is $133.98. The stock has a market capitalization of $13.40 billion, a P/E ratio of 23.58 and a beta of 0.87.
Equifax (NYSE:EFX) last released its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.03. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The company had revenue of $856.70 million during the quarter, compared to the consensus estimate of $860.48 million. During the same period in the previous year, the business earned $1.43 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts predict that Equifax, Inc. will post $5.98 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a $0.39 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.40%. Equifax’s payout ratio is 33.05%.
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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