California State Teachers Retirement System reduced its holdings in Equifax Inc. (NYSE:EFX – Get Rating) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 208,187 shares of the credit services provider’s stock after selling 3,931 shares during the quarter. California State Teachers Retirement System’s holdings in Equifax were worth $35,689,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its stake in shares of Equifax by 29.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,516 shares of the credit services provider’s stock valued at $834,000 after acquiring an additional 801 shares during the last quarter. American Century Companies Inc. increased its position in Equifax by 9.9% during the first quarter. American Century Companies Inc. now owns 4,944 shares of the credit services provider’s stock worth $1,172,000 after purchasing an additional 444 shares during the last quarter. Private Advisor Group LLC raised its stake in Equifax by 14.1% during the first quarter. Private Advisor Group LLC now owns 1,830 shares of the credit services provider’s stock worth $434,000 after purchasing an additional 226 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Equifax by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 439,028 shares of the credit services provider’s stock valued at $104,100,000 after purchasing an additional 8,662 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Equifax by 0.8% during the 1st quarter. Sei Investments Co. now owns 17,409 shares of the credit services provider’s stock valued at $4,141,000 after buying an additional 134 shares during the period. 93.84% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
EFX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Equifax from $196.00 to $219.00 and gave the company an “overweight” rating in a report on Friday, November 18th. Stifel Nicolaus increased their target price on shares of Equifax from $181.00 to $222.00 in a research report on Friday, December 9th. StockNews.com initiated coverage on shares of Equifax in a report on Thursday. They issued a “sell” rating on the stock. Wells Fargo & Company boosted their price objective on shares of Equifax from $165.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Friday, January 13th. Finally, Royal Bank of Canada raised their target price on shares of Equifax from $185.00 to $205.00 and gave the company a “sector perform” rating in a research note on Friday, February 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $212.67.
Equifax Price Performance
Equifax (NYSE:EFX – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The credit services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. Equifax had a net margin of 13.59% and a return on equity of 24.19%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm earned $1.84 earnings per share. The business’s revenue was down 4.4% compared to the same quarter last year. Analysts predict that Equifax Inc. will post 7.2 earnings per share for the current fiscal year.
Equifax Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, February 22nd were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, February 21st. This represents a $1.56 annualized dividend and a dividend yield of 0.78%. Equifax’s payout ratio is 27.61%.
Equifax, Inc engages in the provision of information solutions and human resources business process outsourcing services. It operates through the following business segments: U.S. Information Solutions, Workforce Solutions and International. The U.S. Information Solutions segment includes consumer and commercial information services, mortgage loan origination information, financial marketing services, and identity management.
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