Jensen Investment Management Inc. Sells 3,876 Shares of Equifax, Inc. (EFX)
Jensen Investment Management Inc. reduced its position in Equifax, Inc. (NYSE:EFX) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,590 shares of the credit services provider’s stock after selling 3,876 shares during the quarter. Equifax accounts for approximately 0.2% of Jensen Investment Management Inc.’s investment portfolio, making the stock its 28th largest holding. Jensen Investment Management Inc. owned approximately 0.11% of Equifax worth $13,947,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Equifax by 3.2% in the second quarter. Vanguard Group Inc. now owns 11,801,839 shares of the credit services provider’s stock valued at $1,621,809,000 after acquiring an additional 368,255 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Equifax by 7.0% in the second quarter. BlackRock Inc. now owns 9,933,776 shares of the credit services provider’s stock valued at $1,365,099,000 after acquiring an additional 653,096 shares in the last quarter. FMR LLC raised its holdings in shares of Equifax by 5.8% in the second quarter. FMR LLC now owns 6,046,517 shares of the credit services provider’s stock valued at $830,912,000 after acquiring an additional 329,481 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Equifax by 11,042.5% in the second quarter. Janus Henderson Group PLC now owns 1,729,992 shares of the credit services provider’s stock valued at $237,735,000 after acquiring an additional 1,714,466 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its holdings in shares of Equifax by 0.7% in the second quarter. Burgundy Asset Management Ltd. now owns 1,683,442 shares of the credit services provider’s stock valued at $231,339,000 after acquiring an additional 11,216 shares in the last quarter. Hedge funds and other institutional investors own 88.30% of the company’s stock.
Equifax, Inc. (NYSE EFX) traded down $0.50 during midday trading on Monday, reaching $108.20. The company had a trading volume of 521,704 shares, compared to its average volume of 2,023,601. Equifax, Inc. has a 1 year low of $89.59 and a 1 year high of $147.02. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.66. The firm has a market cap of $13,084.49, a P/E ratio of 18.42, a P/E/G ratio of 1.82 and a beta of 0.93.
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Several analysts recently weighed in on EFX shares. J P Morgan Chase & Co restated a “buy” rating on shares of Equifax in a report on Friday, September 8th. SunTrust Banks, Inc. boosted their target price on shares of Equifax from $110.00 to $155.00 in a report on Friday, September 15th. Morgan Stanley boosted their target price on shares of Equifax from $127.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, September 14th. Evercore ISI reiterated a “buy” rating and issued a $174.00 target price on shares of Equifax in a report on Saturday, September 9th. Finally, Wells Fargo & Company upgraded shares of Equifax from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $135.00 to $127.00 in a report on Friday, September 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $130.27.
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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