Iridian Asset Management LLC CT reduced its holdings in shares of Equifax Inc. (NYSE:EFX) by 14.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 20,407 shares of the credit services provider’s stock after selling 3,347 shares during the period. Iridian Asset Management LLC CT’s holdings in Equifax were worth $2,418,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Teacher Retirement System of Texas acquired a new stake in Equifax in the first quarter valued at $2,417,000. State Treasurer State of Michigan raised its holdings in shares of Equifax by 0.6% during the first quarter. State Treasurer State of Michigan now owns 34,746 shares of the credit services provider’s stock worth $4,117,000 after purchasing an additional 200 shares during the period. Wealthstreet Investment Advisors LLC acquired a new stake in shares of Equifax during the first quarter worth $225,000. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Equifax by 5.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 9,688 shares of the credit services provider’s stock worth $1,148,000 after purchasing an additional 507 shares during the period. Finally, Markel Corp raised its holdings in shares of Equifax by 1,320.0% during the first quarter. Markel Corp now owns 35,500 shares of the credit services provider’s stock worth $4,207,000 after purchasing an additional 33,000 shares during the period. Institutional investors own 93.11% of the company’s stock.
A number of brokerages have weighed in on EFX. Barclays reissued a “hold” rating and set a $125.00 target price on shares of Equifax in a report on Monday, May 6th. Zacks Investment Research raised shares of Equifax from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Exane BNP Paribas began coverage on shares of Equifax in a report on Friday, March 15th. They set a “neutral” rating and a $106.00 target price on the stock. Credit Suisse Group increased their target price on shares of Equifax from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, February 22nd. Finally, BNP Paribas began coverage on shares of Equifax in a report on Friday, March 15th. They set an “underperform” rating and a $106.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $121.27.
Equifax (NYSE:EFX) last released its quarterly earnings results on Friday, May 10th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. The business had revenue of $846.10 million during the quarter, compared to analyst estimates of $850.07 million. Equifax had a net margin of 8.78% and a return on equity of 21.58%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 earnings per share. As a group, sell-side analysts forecast that Equifax Inc. will post 5.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.56 annualized dividend and a dividend yield of 1.33%. Equifax’s dividend payout ratio is currently 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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