Sapience Investments LLC purchased a new position in Equifax Inc. (NYSE:EFX) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,710 shares of the credit services provider’s stock, valued at approximately $2,206,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brown Advisory Inc. increased its stake in Equifax by 2.4% in the 4th quarter. Brown Advisory Inc. now owns 18,448 shares of the credit services provider’s stock worth $2,176,000 after purchasing an additional 440 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Equifax by 3.8% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,371 shares of the credit services provider’s stock worth $1,930,000 after purchasing an additional 600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Equifax by 2.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,824 shares of the credit services provider’s stock worth $2,949,000 after purchasing an additional 610 shares in the last quarter. Norinchukin Bank The increased its stake in Equifax by 7.4% in the 3rd quarter. Norinchukin Bank The now owns 8,960 shares of the credit services provider’s stock worth $950,000 after purchasing an additional 618 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. increased its stake in Equifax by 6.6% in the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 10,590 shares of the credit services provider’s stock worth $1,249,000 after purchasing an additional 655 shares in the last quarter. 93.35% of the stock is currently owned by hedge funds and other institutional investors.
EFX has been the subject of a number of research reports. Zacks Investment Research lowered Equifax from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Stifel Nicolaus lowered Equifax from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $149.00 to $115.00 in a research report on Monday, November 13th. Barclays lowered Equifax from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $115.00 to $128.00 in a research report on Thursday, December 14th. Royal Bank of Canada raised their price objective on Equifax from $113.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Monday, November 13th. Finally, Robert W. Baird restated a “buy” rating and set a $137.00 price objective on shares of Equifax in a research report on Tuesday, January 9th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $130.07.
Equifax (NYSE:EFX) last announced its quarterly earnings results on Thursday, March 1st. The credit services provider reported $1.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.04. The business had revenue of $838.50 million during 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%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 EPS. sell-side analysts anticipate that Equifax Inc. will post 5.92 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Monday, March 12th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, March 9th. This represents a $1.56 annualized dividend and a dividend yield of 1.25%. Equifax’s dividend payout ratio is 32.30%.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.americanbankingnews.com/2018/03/13/sapience-investments-llc-invests-2-21-million-in-equifax-inc-efx-stock.html.
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.
Want to see what other hedge funds are holding EFX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equifax Inc. (NYSE:EFX).
Receive News & Ratings for Equifax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equifax and related companies with MarketBeat.com's FREE daily email newsletter.