Financial Engines Advisors L.L.C. Raises Position in Equifax, Inc. (NYSE:EFX)
Financial Engines Advisors L.L.C. increased its stake in shares of Equifax, Inc. (NYSE:EFX) by 49.6% during the second quarter, Holdings Channel reports. The firm owned 21,840 shares of the credit services provider’s stock after buying an additional 7,238 shares during the period. Equifax comprises 0.1% of Financial Engines Advisors L.L.C.’s portfolio, making the stock its 25th largest position. Financial Engines Advisors L.L.C.’s holdings in Equifax were worth $3,001,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Signaturefd LLC increased its stake in Equifax by 0.3% in the first quarter. Signaturefd LLC now owns 3,751 shares of the credit services provider’s stock valued at $513,000 after buying an additional 11 shares during the period. Cleararc Capital Inc. increased its stake in Equifax by 0.5% in the first quarter. Cleararc Capital Inc. now owns 2,948 shares of the credit services provider’s stock valued at $403,000 after buying an additional 16 shares during the period. Huntington National Bank increased its stake in Equifax by 0.4% in the second quarter. Huntington National Bank now owns 4,135 shares of the credit services provider’s stock valued at $568,000 after buying an additional 17 shares during the period. Meristem LLP increased its stake in Equifax by 0.6% in the first quarter. Meristem LLP now owns 2,894 shares of the credit services provider’s stock valued at $396,000 after buying an additional 18 shares during the period. Finally, Lloyds Banking Group plc increased its stake in Equifax by 1.8% in the first quarter. Lloyds Banking Group plc now owns 1,527 shares of the credit services provider’s stock valued at $208,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 89.55% of the company’s stock.
Equifax, Inc. (NYSE:EFX) opened at 142.06 on Friday. Equifax, Inc. has a 1-year low of $110.87 and a 1-year high of $147.02. The firm has a market cap of $17.10 billion, a P/E ratio of 30.09 and a beta of 0.91. The firm has a 50 day moving average of $141.57 and a 200 day moving average of $135.42.
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 the Zacks’ consensus estimate of $1.57 by $0.03. The business had revenue of $856.70 million during 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 business’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. On average, equities research analysts expect that Equifax, Inc. will post $6.08 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, August 23rd. Equifax’s payout ratio is 33.05%.
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Several analysts recently weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $144.00 target price (up previously from $142.00) on shares of Equifax in a report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Equifax from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Royal Bank Of Canada reiterated a “buy” rating on shares of Equifax in a report on Wednesday. Cowen and Company reiterated a “buy” rating and issued a $151.00 target price on shares of Equifax in a report on Friday, July 28th. Finally, Argus assumed coverage on shares of Equifax in a report on Tuesday, June 13th. They issued a “buy” rating and a $166.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $145.45.
In related news, insider Joseph Michael Loughran III sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $146.02, for a total transaction of $584,080.00. Following the completion of the sale, the insider now directly owns 42,723 shares of the company’s stock, valued at approximately $6,238,412.46. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Rodolfo O. Ploder sold 1,719 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $145.70, for a total transaction of $250,458.30. Following the sale, the insider now directly 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 ninety days, insiders have sold 26,219 shares of company stock valued at $3,691,098. Company insiders own 1.29% of the company’s stock.
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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