Treasurer of the State of North Carolina decreased its holdings in Equifax Inc. (NYSE:EFX) by 12.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 56,066 shares of the credit services provider’s stock after selling 7,721 shares during the period. Treasurer of the State of North Carolina’s holdings in Equifax were worth $7,582,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Nomura Holdings Inc. lifted its holdings in Equifax by 210.6% during the 2nd quarter. Nomura Holdings Inc. now owns 30,204 shares of the credit services provider’s stock worth $4,102,000 after buying an additional 57,504 shares during the period. BlackRock Inc. lifted its stake in shares of Equifax by 2.0% in the 2nd quarter. BlackRock Inc. now owns 7,634,530 shares of the credit services provider’s stock valued at $1,032,491,000 after purchasing an additional 146,497 shares during the period. Royal Bank of Canada lifted its stake in shares of Equifax by 40.3% in the 2nd quarter. Royal Bank of Canada now owns 119,648 shares of the credit services provider’s stock valued at $16,181,000 after purchasing an additional 34,363 shares during the period. HM Payson & Co. acquired a new position in shares of Equifax in the 2nd quarter valued at about $300,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Equifax by 7.8% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,493 shares of the credit services provider’s stock valued at $202,000 after purchasing an additional 108 shares during the period. Institutional investors own 95.54% of the company’s stock.
A number of brokerages have recently issued reports on EFX. Morgan Stanley boosted their price objective on Equifax from $115.00 to $129.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. Robert W. Baird boosted their price objective on Equifax from $129.00 to $153.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. SunTrust Banks boosted their price objective on Equifax to $155.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Stephens boosted their price objective on Equifax from $130.00 to $131.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada began coverage on Equifax in a research note on Wednesday, July 3rd. They issued an “outperform” rating on the stock. Two 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 company’s stock. The stock has an average rating of “Hold” and a consensus price target of $130.73.
Equifax (NYSE:EFX) last issued its earnings results on Wednesday, July 24th. The credit services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.04. Equifax had a positive return on equity of 22.63% and a negative net margin of 12.52%. The business had revenue of $880.00 million during the quarter, compared to analyst estimates of $873.74 million. During the same period in the previous year, the company posted $1.56 EPS. The firm’s revenue was up .4% compared to the same quarter last year. On average, sell-side analysts expect that Equifax Inc. will post 5.59 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was 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.
See Also: Buy-Side Analysts
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