Generation Investment Management LLP lifted its position in shares of Equifax Inc. (NYSE:EFX) by 21.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,879,604 shares of the credit services provider’s stock after purchasing an additional 1,220,142 shares during the quarter. Equifax accounts for approximately 5.2% of Generation Investment Management LLP’s portfolio, making the stock its 2nd largest holding. Generation Investment Management LLP owned 0.06% of Equifax worth $1,246,103,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vantage Consulting Group Inc acquired a new stake in Equifax in the fourth quarter valued at approximately $33,000. Zions Bancorporation N.A. increased its stake in Equifax by 1,087.5% during the 1st quarter. Zions Bancorporation N.A. now owns 190 shares of the credit services provider’s stock worth $34,000 after buying an additional 174 shares in the last quarter. E Fund Management Co. Ltd. acquired a new position in shares of Equifax during the first quarter valued at approximately $39,000. Quadrant Capital Group LLC lifted its position in shares of Equifax by 52.0% in the first quarter. Quadrant Capital Group LLC now owns 225 shares of the credit services provider’s stock valued at $41,000 after acquiring an additional 77 shares in the last quarter. Finally, CSat Investment Advisory L.P. increased its position in shares of Equifax by 70.6% during the first quarter. CSat Investment Advisory L.P. now owns 232 shares of the credit services provider’s stock worth $42,000 after purchasing an additional 96 shares in the last quarter. 92.14% of the stock is currently owned by institutional investors and hedge funds.
Equifax stock traded down $6.01 during trading on Thursday, hitting $249.03. The company had a trading volume of 12,705 shares, compared to its average volume of 623,039. Equifax Inc. has a 1-year low of $135.98 and a 1-year high of $257.89. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.98. The company has a 50 day simple moving average of $238.44. The stock has a market cap of $30.31 billion, a PE ratio of 51.36, a price-to-earnings-growth ratio of 2.59 and a beta of 1.42.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 15th. Investors of record on Tuesday, May 25th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Monday, May 24th. Equifax’s payout ratio is 22.38%.
In other news, insider Sid Singh sold 9,186 shares of the business’s stock in a transaction dated Wednesday, May 5th. The stock was sold at an average price of $237.91, for a total transaction of $2,185,441.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.03% of the company’s stock.
Several brokerages have issued reports on EFX. TheStreet raised shares of Equifax from a “c+” rating to a “b” rating in a research note on Wednesday, April 21st. Needham & Company LLC increased their price objective on shares of Equifax from $260.00 to $288.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank of Canada raised their target price on shares of Equifax from $259.00 to $270.00 and gave the stock a “sector perform” rating in a research note on Thursday. Barclays raised their target price on shares of Equifax from $210.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 28th. Finally, Morgan Stanley raised their target price on shares of Equifax from $201.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Friday, April 23rd. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $205.96.
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), Workforce Solutions, International, 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 services; financial marketing; and identity management services.
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