Eagle Ridge Investment Management reduced its position in Equifax Inc. (NYSE:EFX) by 9.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,928 shares of the credit services provider’s stock after selling 300 shares during the quarter. Eagle Ridge Investment Management’s holdings in Equifax were worth $396,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. NuWave Investment Management LLC lifted its holdings in shares of Equifax by 933.3% during the second quarter. NuWave Investment Management LLC now owns 186 shares of the credit services provider’s stock worth $25,000 after purchasing an additional 168 shares during the period. Ellis Investment Partners LLC acquired a new stake in shares of Equifax during the first quarter worth $36,000. Parallel Advisors LLC lifted its holdings in shares of Equifax by 139.0% during the first quarter. Parallel Advisors LLC now owns 380 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 221 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Equifax by 122.6% during the second quarter. Advisory Services Network LLC now owns 345 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 190 shares during the period. Finally, Trustcore Financial Services LLC acquired a new stake in shares of Equifax during the first quarter worth $54,000. 94.17% of the stock is owned by institutional investors and hedge funds.
EFX has been the subject of several recent research reports. Barclays reaffirmed a “hold” rating and set a $125.00 price target on shares of Equifax in a report on Monday, May 6th. 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. ValuEngine raised Equifax from a “hold” rating to a “buy” rating in a report on Tuesday, May 28th. Morgan Stanley increased their price target on Equifax from $115.00 to $129.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $130.09.
Equifax (NYSE:EFX) last released its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.04. The firm had revenue of $880.00 million during the quarter, compared to analysts’ expectations of $873.74 million. Equifax had a positive return on equity of 22.63% and a negative net margin of 12.52%. Equifax’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.56 earnings per share. On average, research analysts anticipate that Equifax Inc. will post 5.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 23rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, August 22nd. 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.
Read More: Hold Rating
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