Equifax Target of Unusually High Options Trading (EFX)
Equifax, Inc. (NYSE:EFX) saw unusually large options trading on Friday. Stock traders purchased 10,741 call options on the stock. This represents an increase of approximately 168% compared to the typical daily volume of 4,001 call options.
Shares of Equifax (EFX) opened at 105.04 on Monday. Equifax has a 1-year low of $89.59 and a 1-year high of $147.02. The company has a 50-day moving average price of $133.48 and a 200-day moving average price of $136.54. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of 22.25 and a beta of 0.93.
Equifax (NYSE:EFX) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.03. The firm had revenue of $856.70 million for the quarter, compared to analyst estimates of $860.48 million. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 earnings per share. On average, equities analysts expect that Equifax will post $6.00 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders 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 annualized dividend and a yield of 1.49%. Equifax’s dividend payout ratio (DPR) is 33.05%.
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 transaction, the chief financial officer now owns 42,078 shares in the company, valued at approximately $6,126,556.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph Michael Loughran III sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was 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 approximately $6,238,412.46. The disclosure for this sale can be found here. Insiders have sold a total of 12,219 shares of company stock worth $1,780,938 in the last quarter. 1.29% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC grew its position in Equifax by 5.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 781 shares of the credit services provider’s stock worth $108,000 after buying an additional 37 shares during the last quarter. Sun Life Financial INC grew its position in Equifax by 9,722.2% in the second quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock worth $121,000 after buying an additional 875 shares during the last quarter. IFP Advisors Inc grew its position in Equifax by 24.6% in the second quarter. IFP Advisors Inc now owns 928 shares of the credit services provider’s stock worth $128,000 after buying an additional 183 shares during the last quarter. ETF Managers Group LLC acquired a new position in Equifax in the second quarter worth approximately $137,000. Finally, SNS Financial Group LLC acquired a new position in Equifax in the second quarter worth approximately $200,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.
EFX has been the topic of several research analyst reports. Wells Fargo & Company raised Equifax from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $135.00 to $127.00 in a research note on Friday. SunTrust Banks, Inc. boosted their price target on Equifax from $110.00 to $155.00 in a research note on Friday, September 15th. Stephens reissued a “hold” rating and set a $110.00 price target (down previously from $145.00) on shares of Equifax in a research note on Thursday, September 14th. J P Morgan Chase & Co reissued a “buy” rating on shares of Equifax in a research note on Friday, September 8th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $160.00 price target (up previously from $140.00) on shares of Equifax in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. Equifax presently has an average rating of “Buy” and a consensus target price of $133.31.
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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