Pictet Asset Management Ltd. reduced its stake in shares of Equifax Inc. (NYSE:EFX) by 5.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 54,246 shares of the credit services provider’s stock after selling 3,000 shares during the period. Pictet Asset Management Ltd.’s holdings in Equifax were worth $7,336,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. OppenheimerFunds Inc. raised its holdings in Equifax by 0.9% during the 1st quarter. OppenheimerFunds Inc. now owns 1,737,528 shares of the credit services provider’s stock worth $205,897,000 after buying an additional 15,617 shares during the period. FMR LLC raised its holdings in shares of Equifax by 170.6% in the first quarter. FMR LLC now owns 1,737,197 shares of the credit services provider’s stock valued at $205,857,000 after purchasing an additional 1,095,138 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Equifax by 7.9% in the fourth quarter. Geode Capital Management LLC now owns 1,528,538 shares of the credit services provider’s stock valued at $142,098,000 after purchasing an additional 112,467 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Equifax by 0.8% in the second quarter. Northern Trust Corp now owns 1,366,374 shares of the credit services provider’s stock valued at $184,789,000 after purchasing an additional 10,845 shares during the last quarter. Finally, Egerton Capital UK LLP acquired a new stake in shares of Equifax in the second quarter valued at approximately $103,394,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.
EFX has been the topic of a number of recent research reports. Robert W. Baird lifted 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. Deutsche Bank lifted their price objective on shares of Equifax from $110.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, July 2nd. SunTrust Banks lifted their price objective on shares of Equifax to $155.00 and gave the company a “buy” rating in a report on Friday, July 26th. Royal Bank of Canada initiated coverage on shares of Equifax in a report on Wednesday, July 3rd. They issued an “outperform” rating on the stock. Finally, TD Securities upgraded shares of Equifax to a “buy” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $130.09.
Equifax (NYSE:EFX) last issued its earnings results on Wednesday, July 24th. The credit services provider reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.04. The business had revenue of $880.00 million for 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 revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $1.56 earnings per share. Equities research analysts predict that Equifax Inc. will post 5.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.56 dividend on an annualized basis and a yield of 1.11%. Equifax’s payout ratio is 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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