Riverbridge Partners LLC lowered its stake in shares of Equifax Inc. (NYSE:EFX) by 0.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 24,722 shares of the credit services provider’s stock after selling 129 shares during the quarter. Riverbridge Partners LLC’s holdings in Equifax were worth $4,249,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new position in shares of Equifax during the fourth quarter valued at about $5,321,000. Orion Portfolio Solutions LLC acquired a new position in shares of Equifax during the fourth quarter valued at about $27,000. Perennial Advisors LLC acquired a new position in shares of Equifax during the first quarter valued at about $30,000. CSat Investment Advisory L.P. raised its holdings in shares of Equifax by 42.5% during the fourth quarter. CSat Investment Advisory L.P. now owns 429 shares of the credit services provider’s stock valued at $60,000 after purchasing an additional 128 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Equifax by 33.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 472 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 118 shares during the period. Hedge funds and other institutional investors own 95.00% of the company’s stock.
EFX has been the topic of several research reports. Argus lowered shares of Equifax from a “buy” rating to a “hold” rating in a report on Monday, April 6th. Credit Suisse Group upped their target price on shares of Equifax from $142.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Barclays upped their target price on shares of Equifax from $110.00 to $175.00 in a report on Wednesday, June 10th. Stephens restated a “hold” rating and issued a $166.00 target price on shares of Equifax in a report on Tuesday, April 21st. Finally, TheStreet upgraded shares of Equifax from a “c+” rating to a “b-” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $158.50.
Equifax (NYSE:EFX) last released its earnings results on Monday, April 20th. The credit services provider reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.11. The firm had revenue of $957.90 million during the quarter, compared to the consensus estimate of $907.27 million. Equifax had a net margin of 7.45% and a return on equity of 27.87%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. Equities analysts expect that Equifax Inc. will post 5.13 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 22nd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, May 21st. Equifax’s payout ratio is currently 27.76%.
In related news, insider John J. Kelley III sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $148.32, for a total transaction of $1,854,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company’s stock.
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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