Equifax, Inc. (EFX) Shares Sold by Penobscot Investment Management Company Inc.
Penobscot Investment Management Company Inc. reduced its stake in Equifax, Inc. (NYSE:EFX) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 10,800 shares of the credit services provider’s stock after selling 200 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Equifax were worth $1,484,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can boosted its position in shares of Equifax by 47.1% in the first quarter. Bank of Montreal Can now owns 59,342 shares of the credit services provider’s stock worth $8,113,000 after buying an additional 19,007 shares in the last quarter. DnB Asset Management AS boosted its position in shares of Equifax by 0.7% in the first quarter. DnB Asset Management AS now owns 13,592 shares of the credit services provider’s stock worth $1,859,000 after buying an additional 100 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Equifax during the first quarter worth approximately $463,000. Hermes Investment Management Ltd. boosted its position in shares of Equifax by 2.8% in the first quarter. Hermes Investment Management Ltd. now owns 245,059 shares of the credit services provider’s stock worth $33,509,000 after buying an additional 6,568 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. purchased a new position in shares of Equifax during the first quarter worth approximately $205,000. 89.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of Equifax, Inc. (NYSE:EFX) opened at 140.63 on Friday. The company’s 50-day moving average price is $142.00 and its 200-day moving average price is $136.27. The stock has a market cap of $16.93 billion, a PE ratio of 29.79 and a beta of 0.91. Equifax, Inc. has a one year low of $110.87 and a one year high of $147.02.
Equifax (NYSE:EFX) last released its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.03. The company had revenue of $856.70 million for the quarter, compared to the consensus estimate of $860.48 million. Equifax had a return on equity of 24.88% and a net margin of 17.44%. Equifax’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 earnings per share. Equities research analysts anticipate that Equifax, Inc. will post $6.08 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.56 annualized dividend and a yield of 1.11%. Equifax’s dividend payout ratio (DPR) is presently 33.05%.
EFX has been the topic of a number of recent research reports. Cowen and Company reaffirmed a “buy” rating and set a $151.00 price target on shares of Equifax in a research report on Friday, July 28th. Morgan Stanley reaffirmed 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. Zacks Investment Research cut Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub cut Equifax from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Argus initiated coverage on Equifax in a research report on Tuesday, June 13th. They set a “buy” rating and a $166.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $145.45.
In related news, CFO John W. Gamble, Jr. sold 14,000 shares of Equifax stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $136.44, for a total transaction of $1,910,160.00. Following the transaction, the chief financial officer now directly owns 48,578 shares in the company, valued at $6,627,982.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph Michael Loughran III sold 4,000 shares of Equifax stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $146.02, for a total value of $584,080.00. Following the transaction, the insider now owns 42,723 shares in the company, valued at $6,238,412.46. The disclosure for this sale can be found here. Insiders have sold 26,219 shares of company stock worth $3,691,098 over the last quarter. 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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