Westwood Holdings Group Inc. Acquires New Stake in Equifax Inc. (NYSE:EFX)
Westwood Holdings Group Inc. acquired a new stake in Equifax Inc. (NYSE:EFX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 488,165 shares of the credit services provider’s stock, valued at approximately $66,020,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of EFX. Invesco Ltd. increased its holdings in Equifax by 330.9% in the second quarter. Invesco Ltd. now owns 2,233,499 shares of the credit services provider’s stock valued at $302,059,000 after purchasing an additional 1,715,222 shares during the period. FMR LLC grew its holdings in Equifax by 170.6% during the 1st quarter. FMR LLC now owns 1,737,197 shares of the credit services provider’s stock worth $205,857,000 after acquiring an additional 1,095,138 shares during the period. Egerton Capital UK LLP acquired a new stake in Equifax during the 2nd quarter worth about $103,394,000. Generation Investment Management LLP grew its holdings in Equifax by 26.6% during the 2nd quarter. Generation Investment Management LLP now owns 3,240,423 shares of the credit services provider’s stock worth $438,235,000 after acquiring an additional 680,935 shares during the period. Finally, Bessemer Group Inc. grew its holdings in Equifax by 101,464.1% during the 2nd quarter. Bessemer Group Inc. now owns 404,225 shares of the credit services provider’s stock worth $54,669,000 after acquiring an additional 403,827 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.
A number of analysts have weighed in on EFX shares. SunTrust Banks increased their price target on Equifax to $155.00 and gave the stock a “buy” rating in a report on Friday, July 26th. ValuEngine upgraded Equifax from a “hold” rating to a “buy” rating in a report on Tuesday, May 28th. TD Securities upgraded Equifax to a “buy” rating in a report on Wednesday, September 4th. Robert W. Baird increased their price target on Equifax from $129.00 to $153.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Deutsche Bank increased their price target on Equifax from $110.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $130.09.
Equifax (NYSE:EFX) last issued its earnings results on Wednesday, July 24th. The credit services provider reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.04. The company had revenue of $880.00 million during the quarter, compared to the consensus estimate of $873.74 million. Equifax had a positive return on equity of 22.63% and a negative net margin of 12.52%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the business posted $1.56 EPS. Equities analysts predict that Equifax Inc. will post 5.59 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were given a $0.39 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.56 annualized dividend and a yield of 1.10%. Equifax’s payout ratio is 26.94%.
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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