Metropolitan Life Insurance Co. NY reduced its position in Equifax Inc. (NYSE:EFX) by 61.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,833 shares of the credit services provider’s stock after selling 38,324 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Equifax were worth $2,810,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital International Investors purchased a new position in shares of Equifax in the 3rd quarter worth about $513,940,000. Viking Global Investors LP boosted its holdings in Equifax by 334.5% during the 4th quarter. Viking Global Investors LP now owns 2,336,753 shares of the credit services provider’s stock valued at $275,550,000 after acquiring an additional 1,798,947 shares during the period. OppenheimerFunds Inc. boosted its holdings in Equifax by 74.7% during the 4th quarter. OppenheimerFunds Inc. now owns 2,029,934 shares of the credit services provider’s stock valued at $239,369,000 after acquiring an additional 867,664 shares during the period. Two Sigma Advisers LP boosted its holdings in Equifax by 382.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,556,654 shares of the credit services provider’s stock valued at $183,561,000 after acquiring an additional 1,234,096 shares during the period. Finally, Farallon Capital Management LLC boosted its holdings in Equifax by 0.7% during the 4th quarter. Farallon Capital Management LLC now owns 1,299,175 shares of the credit services provider’s stock valued at $153,199,000 after acquiring an additional 9,175 shares during the period. Hedge funds and other institutional investors own 93.36% of the company’s stock.
Several equities research analysts recently weighed in on the company. Royal Bank of Canada dropped their target price on Equifax to $121.00 and set a “sector perform” rating for the company in a report on Monday, March 5th. William Blair restated an “outperform” rating on shares of Equifax in a report on Thursday, March 1st. Wells Fargo restated a “buy” rating and set a $132.00 target price (up from $127.00) on shares of Equifax in a report on Monday, March 5th. Barclays cut Equifax from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $115.00 to $128.00 in a report on Thursday, December 14th. Finally, Morgan Stanley increased their target price on Equifax from $112.00 to $119.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $130.07.
Shares of Equifax stock opened at $121.07 on Thursday. Equifax Inc. has a fifty-two week low of $89.59 and a fifty-two week high of $147.02. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $14,786.05, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 2.08 and a beta of 0.99.
Equifax (NYSE:EFX) last released its quarterly earnings data on Thursday, March 1st. The credit services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.04. Equifax had a return on equity of 23.31% and a net margin of 17.47%. The business had revenue of $838.50 million during the quarter, compared to analysts’ expectations of $825.70 million. During the same quarter last year, the business posted $1.42 EPS. The business’s revenue was up 4.7% on a year-over-year basis. sell-side analysts forecast that Equifax Inc. will post 5.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Monday, March 12th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, March 9th. Equifax’s dividend payout ratio is currently 32.30%.
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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