TIAA CREF Investment Management LLC cut its holdings in Equifax Inc. (NYSE:EFX) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 339,136 shares of the credit services provider’s stock after selling 32,706 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.28% of Equifax worth $39,991,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Equifax in the fourth quarter valued at about $101,000. Valeo Financial Advisors LLC acquired a new position in shares of Equifax in the third quarter valued at about $130,000. Truewealth LLC acquired a new position in shares of Equifax in the fourth quarter valued at about $164,000. Pinnacle Financial Partners Inc. acquired a new position in shares of Equifax in the fourth quarter valued at about $201,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Equifax in the fourth quarter valued at about $203,000. Institutional investors own 93.36% of the company’s stock.
EFX has been the topic of a number of research reports. Barclays lowered Equifax from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $115.00 to $128.00 in a report on Thursday, December 14th. Robert W. Baird reissued a “buy” rating and issued a $137.00 price objective on shares of Equifax in a report on Tuesday, January 9th. Zacks Investment Research lowered Equifax from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Royal Bank of Canada increased their price objective on Equifax to $126.00 and gave the company a “sector perform” rating in a report on Friday, January 19th. Finally, Morgan Stanley increased their price objective on Equifax from $112.00 to $119.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $128.21.
Shares of EFX stock opened at $115.85 on Friday. The company has a market capitalization of $14,130.17, a PE ratio of 23.99, a P/E/G ratio of 1.99 and a beta of 0.99. Equifax Inc. has a 1-year low of $89.59 and a 1-year high of $147.02. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.54.
Equifax (NYSE:EFX) last posted its earnings results on Thursday, March 1st. The credit services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.35 by $0.04. The firm had revenue of $838.50 million for the quarter, compared to analyst estimates of $825.70 million. Equifax had a return on equity of 23.31% and a net margin of 17.47%. Equifax’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.42 earnings per share. analysts predict that Equifax Inc. will post 5.92 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Monday, March 12th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, March 9th. Equifax’s dividend payout ratio (DPR) is 32.30%.
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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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