Traders Buy Shares of Equifax (EFX) on Weakness
Investors bought shares of Equifax Inc. (NYSE:EFX) on weakness during trading hours on Monday. $47.67 million flowed into the stock on the tick-up and $31.48 million flowed out of the stock on the tick-down, for a money net flow of $16.19 million into the stock. Of all equities tracked, Equifax had the 30th highest net in-flow for the day. Equifax traded down ($0.24) for the day and closed at $132.85
A number of equities research analysts recently issued reports on EFX shares. Morgan Stanley boosted their target price on shares of Equifax from $119.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, April 27th. JPMorgan Chase & Co. boosted their target price on shares of Equifax from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, July 27th. Zacks Investment Research upgraded shares of Equifax from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Finally, ValuEngine downgraded shares of Equifax from a “hold” rating to a “sell” rating in a report on Friday, May 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $123.54.
The stock has a market cap of $15.46 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 2.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.40 and a current ratio of 1.40.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 24th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 1.17%. Equifax’s dividend payout ratio (DPR) is 26.13%.
In other Equifax news, CEO Mark W. Begor purchased 8,700 shares of Equifax stock in a transaction on Friday, May 25th. The shares were purchased at an average cost of $115.01 per share, with a total value of $1,000,587.00. Following the completion of the transaction, the chief executive officer now directly owns 46,491 shares in the company, valued at approximately $5,346,929.91. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.45% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Qube Research & Technologies Ltd lifted its position in shares of Equifax by 1,375.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,151 shares of the credit services provider’s stock worth $144,000 after purchasing an additional 1,073 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Equifax during the second quarter worth $158,000. Piedmont Investment Advisors LLC acquired a new position in shares of Equifax during the second quarter worth $175,000. Massey Quick Simon & CO. LLC lifted its position in shares of Equifax by 9,375.0% during the first quarter. Massey Quick Simon & CO. LLC now owns 1,516 shares of the credit services provider’s stock worth $179,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd lifted its position in shares of Equifax by 1,186.4% during the first quarter. Point72 Asia Hong Kong Ltd now owns 1,518 shares of the credit services provider’s stock worth $179,000 after purchasing an additional 1,400 shares in the last quarter. 91.72% of the stock is currently owned by hedge funds and other institutional investors.
About Equifax (NYSE:EFX)
Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage loan origination information; financial marketing; and identity management services.
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