Veritable L.P. Sells 60 Shares of Equifax Inc. (NYSE:EFX)

Veritable L.P. reduced its stake in shares of Equifax Inc. (NYSE:EFX) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,847 shares of the credit services provider’s stock after selling 60 shares during the quarter. Veritable L.P.’s holdings in Equifax were worth $670,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EFX. Moneta Group Investment Advisors LLC grew its stake in shares of Equifax by 105,549.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,813,671 shares of the credit services provider’s stock valued at $7,543,825,000 after buying an additional 38,776,933 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Equifax by 77.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,935,666 shares of the credit services provider’s stock valued at $1,736,737,000 after buying an additional 3,910,202 shares during the last quarter. Norges Bank bought a new position in shares of Equifax during the fourth quarter valued at about $229,992,000. Veritas Asset Management LLP bought a new position in shares of Equifax during the second quarter valued at about $266,095,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Equifax by 28.6% during the first quarter. JPMorgan Chase & Co. now owns 2,562,758 shares of the credit services provider’s stock valued at $519,829,000 after buying an additional 569,794 shares during the last quarter. 98.37% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Bryson R. Koehler sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $200.00, for a total value of $2,000,000.00. Following the completion of the transaction, the executive vice president now directly owns 18,310 shares in the company, valued at approximately $3,662,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Bryson R. Koehler sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $200.00, for a total value of $2,000,000.00. Following the completion of the transaction, the executive vice president now directly owns 18,310 shares in the company, valued at approximately $3,662,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark W. Begor sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $166.58, for a total transaction of $1,166,060.00. Following the completion of the transaction, the chief executive officer now owns 63,011 shares of the company’s stock, valued at $10,496,372.38. The disclosure for this sale can be found here. Company insiders own 1.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Credit Suisse Group raised their target price on Equifax from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 21st. Bank of America cut their target price on Equifax from $195.00 to $175.00 in a research note on Tuesday, October 10th. Royal Bank of Canada reissued an “outperform” rating on shares of Equifax in a research note on Friday. TheStreet cut Equifax from a “b-” rating to a “c+” rating in a research note on Monday, October 23rd. Finally, Truist Financial cut their target price on Equifax from $250.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $214.20.

Equifax Price Performance

EFX stock opened at $205.20 on Friday. The firm has a 50 day moving average price of $183.49 and a 200-day moving average price of $202.14. Equifax Inc. has a 52-week low of $159.95 and a 52-week high of $240.35. The firm has a market capitalization of $25.28 billion, a price-to-earnings ratio of 48.62, a PEG ratio of 2.89 and a beta of 1.41. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.01 and a current ratio of 1.01.

Equifax (NYSE:EFX) last released its earnings results on Thursday, October 19th. The credit services provider reported $1.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.02). Equifax had a net margin of 10.15% and a return on equity of 19.15%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the business posted $1.73 earnings per share. Equifax’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts forecast that Equifax Inc. will post 6.63 EPS for the current fiscal year.

Equifax Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. Equifax’s payout ratio is 36.97%.

Equifax Company Profile

Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship.