Louisiana State Employees Retirement System reduced its stake in Equifax Inc. (NYSE:EFX) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 7,800 shares of the company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Equifax were worth $1,002,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in EFX. Geode Capital Management LLC boosted its position in shares of Equifax by 2.8% in the first quarter. Geode Capital Management LLC now owns 999,071 shares of the company’s stock valued at $113,959,000 after buying an additional 27,652 shares during the last quarter. Springbok Capital Management LLC purchased a new position in shares of Equifax during the first quarter valued at about $133,000. Samlyn Capital LLC purchased a new position in shares of Equifax during the first quarter valued at about $33,099,000. Riverhead Capital Management LLC boosted its position in shares of Equifax by 28.0% in the first quarter. Riverhead Capital Management LLC now owns 47,854 shares of the company’s stock valued at $5,469,000 after buying an additional 10,478 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC purchased a new position in shares of Equifax during the second quarter valued at about $218,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of Equifax Inc. (NYSE:EFX) traded up 0.94% during mid-day trading on Friday, reaching $134.58. The company had a trading volume of 604,652 shares. The stock has a 50 day moving average of $132.40 and a 200-day moving average of $125.58. Equifax Inc. has a 52 week low of $91.72 and a 52 week high of $136.97. The company has a market capitalization of $16.06 billion, a price-to-earnings ratio of 35.04 and a beta of 0.87.
Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. The business had revenue of $811.30 million for the quarter, compared to analyst estimates of $802.85 million. Equifax had a return on equity of 24.51% and a net margin of 16.11%. The company’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.15 earnings per share. On average, analysts expect that Equifax Inc. will post ($0.47) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 19th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Wednesday, August 17th. Equifax’s dividend payout ratio is presently 34.38%.
Several research analysts have issued reports on EFX shares. Barclays PLC raised their target price on Equifax from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 21st. Zacks Investment Research raised Equifax from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a research report on Tuesday, September 27th. Deutsche Bank AG lifted their price objective on Equifax from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, July 29th. JPMorgan Chase & Co. lifted their price objective on Equifax from $133.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $128.00 price objective on shares of Equifax in a research report on Thursday, July 28th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $140.11.
In other news, Chairman Richard F. Smith sold 120,000 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $132.63, for a total value of $15,915,600.00. Following the transaction, the chairman now directly owns 264,796 shares of the company’s stock, valued at $35,119,893.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard F. Smith sold 71,568 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $130.79, for a total value of $9,360,378.72. Following the completion of the transaction, the chairman now directly owns 216,364 shares in the company, valued at $28,298,247.56. The disclosure for this sale can be found here. 2.01% of the stock is owned by insiders.
Equifax Inc is a provider of 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 Personal Solutions. USIS provides consumer and commercial information solutions to businesses in the United States, including online information, decisioning technology solutions, fraud and identity management services, portfolio management services, mortgage reporting and financial marketing services.
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