Prudential Financial Inc. cut its stake in Equifax Inc. (NYSE:EFX) by 20.5% in the first quarter, HoldingsChannel.com reports. The fund owned 132,835 shares of the credit services provider’s stock after selling 34,193 shares during the period. Prudential Financial Inc.’s holdings in Equifax were worth $15,649,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in EFX. Viking Global Investors LP grew its stake in shares of Equifax by 334.5% in the fourth quarter. Viking Global Investors LP now owns 2,336,753 shares of the credit services provider’s stock worth $275,550,000 after acquiring an additional 1,798,947 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Equifax by 382.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,556,654 shares of the credit services provider’s stock worth $183,561,000 after buying an additional 1,234,096 shares during the last quarter. Iridian Asset Management LLC CT purchased a new position in shares of Equifax in the fourth quarter worth approximately $104,558,000. OppenheimerFunds Inc. boosted its holdings in shares of Equifax by 74.7% in the fourth quarter. OppenheimerFunds Inc. now owns 2,029,934 shares of the credit services provider’s stock worth $239,369,000 after buying an additional 867,664 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of Equifax by 280.1% in the fourth quarter. Mackenzie Financial Corp now owns 973,410 shares of the credit services provider’s stock worth $114,785,000 after buying an additional 717,320 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.
Shares of Equifax opened at $115.64 on Wednesday, Marketbeat reports. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.52. Equifax Inc. has a 1-year low of $89.59 and a 1-year high of $147.02. The company has a market cap of $14.01 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 2.45 and a beta of 0.94.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, May 25th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, May 24th. Equifax’s dividend payout ratio is currently 26.13%.
EFX has been the topic of a number of research reports. Morgan Stanley raised their price objective on shares of Equifax from $119.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, April 27th. ValuEngine downgraded shares of Equifax from a “hold” rating to a “sell” rating in a report on Friday, May 4th. SunTrust Banks raised their price objective on shares of Equifax to $140.00 and gave the stock a “buy” rating in a report on Monday, March 5th. Barclays dropped their price objective on shares of Equifax from $120.00 to $128.00 and set an “equal weight” rating on the stock in a report on Monday, March 5th. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $132.00 price objective (up previously from $127.00) on shares of Equifax in a report on Monday, March 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. Equifax has a consensus rating of “Hold” and an average target price of $127.40.
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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