Burgundy Asset Management Ltd. cut its holdings in shares of Equifax, Inc. (NYSE:EFX) by 50.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 829,493 shares of the credit services provider’s stock after selling 853,949 shares during the quarter. Burgundy Asset Management Ltd. owned about 0.69% of Equifax worth $87,918,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Equifax by 3.2% during the second quarter. Vanguard Group Inc. now owns 11,801,839 shares of the credit services provider’s stock worth $1,621,809,000 after buying an additional 368,255 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Equifax by 7.0% during the second quarter. BlackRock Inc. now owns 9,933,776 shares of the credit services provider’s stock worth $1,365,099,000 after buying an additional 653,096 shares during the last quarter. FMR LLC lifted its holdings in shares of Equifax by 5.8% during the second quarter. FMR LLC now owns 6,046,517 shares of the credit services provider’s stock worth $830,912,000 after buying an additional 329,481 shares during the last quarter. Capital International Investors acquired a new position in shares of Equifax during the third quarter worth approximately $513,940,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Equifax by 11,042.5% during the second quarter. Janus Henderson Group PLC now owns 1,729,992 shares of the credit services provider’s stock worth $237,735,000 after buying an additional 1,714,466 shares during the last quarter. Institutional investors own 95.23% of the company’s stock.
A number of analysts have recently issued reports on EFX shares. JPMorgan Chase & Co. restated a “buy” rating on shares of Equifax in a research report on Friday, September 8th. SunTrust Banks boosted their price objective on Equifax from $110.00 to $155.00 in a research report on Friday, September 15th. Morgan Stanley boosted their price objective on Equifax from $127.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, September 14th. Evercore ISI restated a “buy” rating and set a $174.00 price objective on shares of Equifax in a research report on Saturday, September 9th. Finally, Wells Fargo & Co upgraded Equifax from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $135.00 to $127.00 in a research report on Friday, September 22nd. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $128.93.
Equifax (NYSE:EFX) last announced its quarterly earnings results on Thursday, November 9th. The credit services provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.04. Equifax had a return on equity of 24.45% and a net margin of 16.18%. The firm had revenue of $834.80 million for the quarter, compared to analysts’ expectations of $847.28 million. During the same period in the prior year, the business posted $1.44 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. equities research analysts forecast that Equifax, Inc. will post 5.92 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Wednesday, November 22nd. Equifax’s dividend payout ratio (DPR) is 35.29%.
Equifax Company Profile
Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.
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