Equifax, Inc. (EFX) Position Reduced by Meiji Yasuda Asset Management Co Ltd.
Meiji Yasuda Asset Management Co Ltd. lowered its position in shares of Equifax, Inc. (NYSE:EFX) by 44.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,792 shares of the credit services provider’s stock after selling 2,200 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Equifax were worth $384,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of EFX. Aviva PLC raised its position in Equifax by 367.1% in the second quarter. Aviva PLC now owns 345,668 shares of the credit services provider’s stock worth $47,488,000 after buying an additional 271,660 shares during the last quarter. Victory Capital Management Inc. raised its position in Equifax by 22.4% in the second quarter. Victory Capital Management Inc. now owns 16,217 shares of the credit services provider’s stock worth $2,229,000 after buying an additional 2,967 shares during the last quarter. Cantillon Capital Management LLC raised its position in Equifax by 15.2% in the second quarter. Cantillon Capital Management LLC now owns 909,901 shares of the credit services provider’s stock worth $125,039,000 after buying an additional 119,982 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Equifax by 12.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 402,857 shares of the credit services provider’s stock worth $55,361,000 after buying an additional 43,508 shares during the last quarter. Finally, Cadence Capital Management LLC bought a new position in Equifax during the second quarter worth $2,361,000. 90.01% of the stock is owned by institutional investors and hedge funds.
Shares of Equifax, Inc. (EFX) opened at 140.80 on Wednesday. Equifax, Inc. has a 52-week low of $110.87 and a 52-week high of $147.02. The company has a 50-day moving average price of $142.35 and a 200-day moving average price of $137.22. The company has a market cap of $16.95 billion, a P/E ratio of 29.82 and a beta of 0.91.
Equifax (NYSE:EFX) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.03. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The company had revenue of $856.70 million during the quarter, compared to analyst estimates of $860.48 million. During the same period in the previous year, the business earned $1.43 EPS. Equifax’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities analysts predict that Equifax, Inc. will post $6.08 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $1.56 annualized dividend and a yield of 1.11%. Equifax’s dividend payout ratio (DPR) is currently 33.05%.
A number of brokerages have recently issued reports on EFX. Royal Bank Of Canada reiterated a “buy” rating on shares of Equifax in a research report on Wednesday, August 9th. Cowen and Company reiterated a “buy” rating and set a $151.00 price target on shares of Equifax in a research report on Friday, July 28th. Deutsche Bank AG reiterated a “buy” rating and set a $160.00 price target (up previously from $140.00) on shares of Equifax in a research report on Thursday, July 27th. Morgan Stanley reiterated an “equal weight” rating and set a $144.00 price target (up previously from $142.00) on shares of Equifax in a research report on Tuesday, July 18th. Finally, Zacks Investment Research downgraded Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $145.45.
In other Equifax news, CFO John W. Gamble, Jr. sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was 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 directly owns 42,078 shares in the company, valued at approximately $6,126,556.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Rodolfo O. Ploder sold 1,719 shares of the company’s 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 owns 43,648 shares of the company’s stock, valued at $6,359,513.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,219 shares of company stock valued at $1,780,938. 1.29% of the stock is owned by company insiders.
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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