CX Institutional increased its stake in shares of Equifax Inc. (NYSE:EFX – Free Report) by 1.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,784 shares of the credit services provider’s stock after purchasing an additional 80 shares during the quarter. CX Institutional’s holdings in Equifax were worth $1,219,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of EFX. Ashton Thomas Securities LLC bought a new stake in Equifax in the 3rd quarter worth $29,000. Central Pacific Bank Trust Division purchased a new position in shares of Equifax during the fourth quarter valued at approximately $35,000. Exchange Traded Concepts LLC bought a new position in shares of Equifax during the third quarter valued at approximately $48,000. Intact Investment Management Inc. purchased a new stake in shares of Equifax in the 3rd quarter worth about $73,000. Finally, Pinnacle Financial Partners Inc purchased a new stake in Equifax in the third quarter worth about $85,000. 96.20% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Equifax
In related news, EVP Lisa M. Nelson sold 551 shares of Equifax stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $260.39, for a total transaction of $143,474.89. Following the transaction, the executive vice president now directly owns 11,697 shares in the company, valued at approximately $3,045,781.83. The trade was a 4.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.57% of the stock is currently owned by company insiders.
Equifax Stock Down 0.1 %
Equifax Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, November 22nd. Equifax’s payout ratio is 34.67%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on EFX shares. Morgan Stanley raised Equifax from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $275.00 to $320.00 in a research report on Thursday, December 12th. BNP Paribas raised Equifax from a “neutral” rating to an “outperform” rating and set a $305.00 price objective for the company in a research report on Monday, December 16th. Robert W. Baird raised their target price on shares of Equifax from $290.00 to $333.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 price target on shares of Equifax in a research report on Monday, October 28th. Finally, Jefferies Financial Group cut their price objective on shares of Equifax from $340.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $311.12.
Get Our Latest Stock Report on Equifax
About Equifax
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.
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