Pettee Investors Inc. cut its holdings in Equifax Inc. (NYSE:EFX) by 16.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,971 shares of the credit services provider’s stock after selling 397 shares during the quarter. Pettee Investors Inc.’s holdings in Equifax were worth $267,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in EFX. NuWave Investment Management LLC raised its stake in Equifax by 933.3% during the 2nd quarter. NuWave Investment Management LLC now owns 186 shares of the credit services provider’s stock valued at $25,000 after buying an additional 168 shares during the last quarter. Ellis Investment Partners LLC purchased a new stake in Equifax in the 1st quarter worth $36,000. Parallel Advisors LLC increased its stake in Equifax by 139.0% in the 1st quarter. Parallel Advisors LLC now owns 380 shares of the credit services provider’s stock worth $45,000 after buying an additional 221 shares in the last quarter. Advisory Services Network LLC increased its stake in Equifax by 122.6% in the 2nd quarter. Advisory Services Network LLC now owns 345 shares of the credit services provider’s stock worth $47,000 after buying an additional 190 shares in the last quarter. Finally, Trustcore Financial Services LLC purchased a new stake in Equifax in the 1st quarter worth $54,000. 95.08% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on EFX shares. Zacks Investment Research upgraded Equifax from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Royal Bank of Canada assumed coverage on Equifax in a research note on Wednesday, July 3rd. They issued an “outperform” rating for the company. Robert W. Baird increased their price objective on shares of Equifax from $129.00 to $153.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Stephens increased their price objective on shares of Equifax from $130.00 to $131.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Finally, SunTrust Banks increased their price objective on shares of Equifax to $155.00 and gave the company a “buy” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $130.09.
Equifax (NYSE:EFX) last announced 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 business had revenue of $880.00 million during the quarter, compared to the consensus estimate of $873.74 million. Equifax had a negative net margin of 12.52% and a positive return on equity of 22.63%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 earnings per share. On average, sell-side analysts predict that Equifax Inc. will post 5.6 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, August 22nd. Equifax’s dividend payout ratio (DPR) is presently 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.
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