Pinebridge Investments L.P. Invests $2.99 Million in Equifax, Inc. (EFX) Stock
Pinebridge Investments L.P. acquired a new position in Equifax, Inc. (NYSE:EFX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 28,233 shares of the credit services provider’s stock, valued at approximately $2,993,000.
A number of other institutional investors have also modified their holdings of EFX. Acadian Asset Management LLC acquired a new stake in Equifax in the 2nd quarter worth about $677,000. Rothschild Asset Management Inc. raised its stake in Equifax by 4.6% in the 2nd quarter. Rothschild Asset Management Inc. now owns 3,006 shares of the credit services provider’s stock worth $413,000 after purchasing an additional 133 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Equifax by 13.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 23,256 shares of the credit services provider’s stock worth $3,196,000 after purchasing an additional 2,720 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in Equifax by 25.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 2,647 shares of the credit services provider’s stock worth $364,000 after purchasing an additional 542 shares in the last quarter. Finally, Korea Investment CORP raised its stake in Equifax by 4,596.9% in the 2nd quarter. Korea Investment CORP now owns 21,512 shares of the credit services provider’s stock worth $2,956,000 after purchasing an additional 21,054 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.
EFX has been the subject of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $149.00 price objective on shares of Equifax in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of Equifax from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Royal Bank Of Canada cut shares of Equifax from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $109.40 to $113.00 in a research note on Monday, October 23rd. Morgan Stanley dropped their price objective on shares of Equifax from $144.00 to $140.00 and set an “equal weight” rating for the company in a research note on Friday, September 8th. Finally, Wells Fargo & Company set a $127.00 price objective on shares of Equifax and gave the stock a “buy” rating in a research note on Friday, October 6th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $128.07.
Equifax, Inc. (NYSE EFX) opened at $114.39 on Wednesday. The company has a market cap of $13,617.00, a P/E ratio of 18.93, a PEG ratio of 1.91 and a beta of 0.94. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.64. Equifax, Inc. has a 12-month low of $89.59 and a 12-month high of $147.02.
Equifax (NYSE:EFX) last issued its earnings results on Thursday, November 9th. The credit services provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.49 by $0.04. The company had revenue of $834.80 million during the quarter, compared to analysts’ expectations of $847.28 million. Equifax had a net margin of 16.18% and a return on equity of 24.45%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 EPS. sell-side analysts predict that Equifax, Inc. will post 5.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Wednesday, November 22nd. Equifax’s payout ratio is presently 35.29%.
Equifax Company Profile
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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