Equifax, Inc. (EFX) Shares Sold by Pioneer Investment Management Inc.
Pioneer Investment Management Inc. lowered its position in Equifax, Inc. (NYSE:EFX) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 77,997 shares of the credit services provider’s stock after selling 305 shares during the period. Pioneer Investment Management Inc.’s holdings in Equifax were worth $10,718,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. William Blair Investment Management LLC increased its stake in shares of Equifax by 99.4% in the first quarter. William Blair Investment Management LLC now owns 1,305,063 shares of the credit services provider’s stock valued at $178,454,000 after buying an additional 650,550 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Equifax by 3.4% in the first quarter. Bank of America Corp DE now owns 523,024 shares of the credit services provider’s stock valued at $71,519,000 after buying an additional 17,202 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Equifax by 4.3% in the first quarter. Legal & General Group Plc now owns 575,961 shares of the credit services provider’s stock valued at $78,757,000 after buying an additional 23,905 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Equifax during the first quarter valued at about $1,345,000. Finally, Toth Financial Advisory Corp increased its stake in shares of Equifax by 1.6% in the second quarter. Toth Financial Advisory Corp now owns 46,995 shares of the credit services provider’s stock valued at $6,458,000 after buying an additional 732 shares in the last quarter. Institutional investors own 89.55% of the company’s stock.
Equifax, Inc. (NYSE:EFX) opened at 141.35 on Friday. Equifax, Inc. has a 1-year low of $110.87 and a 1-year high of $147.02. The company has a 50-day moving average price of $141.64 and a 200 day moving average price of $135.59. The firm has a market capitalization of $17.01 billion, a price-to-earnings ratio of 29.94 and a beta of 0.91.
Equifax (NYSE:EFX) last issued its earnings results 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. The business 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%. Equifax’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 earnings per share. Equities analysts anticipate that Equifax, Inc. will post $6.08 earnings per share for the current year.
The firm also recently announced 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 annualized dividend and a dividend yield of 1.10%. Equifax’s dividend payout ratio (DPR) is presently 33.05%.
EFX has been the topic of several recent research reports. Royal Bank Of Canada restated a “buy” rating on shares of Equifax in a research report on Wednesday. Cowen and Company restated a “buy” rating and issued a $151.00 price objective on shares of Equifax in a research report on Friday, July 28th. Deutsche Bank AG restated a “buy” rating and issued a $160.00 price objective (up from $140.00) on shares of Equifax in a research report on Thursday, July 27th. BidaskClub upgraded Equifax from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Argus initiated coverage on Equifax in a research report on Tuesday, June 13th. They issued a “buy” rating and a $166.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Equifax currently has an average rating of “Buy” and an average price target 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 $6,627,982.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rodolfo O. Ploder sold 1,719 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was 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 of the company’s stock, valued at approximately $6,359,513.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,219 shares of company stock valued at $3,691,098. 1.29% of the stock is currently owned by 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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