Vestmark Advisory Solutions Inc. reduced its holdings in shares of Equifax, Inc. (NYSE:EFX – Free Report) by 40.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 23,614 shares of the credit services provider’s stock after selling 16,316 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Equifax were worth $6,125,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. N.E.W. Advisory Services LLC acquired a new stake in Equifax during the first quarter valued at approximately $28,000. Ameritas Advisory Services LLC bought a new position in shares of Equifax during the 2nd quarter worth approximately $31,000. Zions Bancorporation National Association UT acquired a new stake in Equifax in the 1st quarter valued at $32,000. NewSquare Capital LLC grew its position in Equifax by 98.5% in the second quarter. NewSquare Capital LLC now owns 135 shares of the credit services provider’s stock valued at $35,000 after acquiring an additional 67 shares during the period. Finally, Adirondack Trust Co. acquired a new position in Equifax during the second quarter worth $59,000. Institutional investors and hedge funds own 96.20% of the company’s stock.
Equifax Stock Up 1.7%
Shares of EFX opened at $207.61 on Friday. The business’s fifty day moving average price is $237.75 and its two-hundred day moving average price is $250.67. The firm has a market capitalization of $25.41 billion, a price-to-earnings ratio of 39.39, a PEG ratio of 2.41 and a beta of 1.64. Equifax, Inc. has a 52 week low of $199.98 and a 52 week high of $281.07. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.74 and a current ratio of 0.74.
Equifax Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 24th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, November 24th. This represents a $2.00 annualized dividend and a dividend yield of 1.0%. Equifax’s payout ratio is currently 37.95%.
Insider Buying and Selling
In other news, CEO Mark W. Begor sold 21,386 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $231.12, for a total value of $4,942,732.32. Following the transaction, the chief executive officer directly owned 22,045 shares in the company, valued at $5,095,040.40. This trade represents a 49.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jamil Farshchi sold 4,925 shares of Equifax stock in a transaction on Monday, October 27th. The stock was sold at an average price of $238.94, for a total value of $1,176,779.50. Following the sale, the executive vice president directly owned 39,364 shares of the company’s stock, valued at approximately $9,405,634.16. This trade represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 54,270 shares of company stock valued at $12,580,837. 1.40% of the stock is currently owned by insiders.
Analyst Ratings Changes
EFX has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Equifax from $277.00 to $272.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Citigroup reduced their price target on shares of Equifax from $294.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Equifax in a report on Wednesday, October 8th. Seaport Res Ptn upgraded shares of Equifax to a “hold” rating in a research note on Wednesday, October 1st. Finally, Bank of America decreased their price target on Equifax from $285.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $277.13.
Get Our Latest Stock Analysis on Equifax
About Equifax
Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship.
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