Crawford Investment Counsel Inc. reduced its stake in shares of Equifax Inc. (NYSE:EFX – Get Rating) by 27.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,792 shares of the credit services provider’s stock after selling 6,754 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in Equifax were worth $4,218,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in EFX. Vanguard Group Inc. lifted its holdings in Equifax by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,036,468 shares of the credit services provider’s stock worth $3,090,947,000 after buying an additional 155,572 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Equifax by 10.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 11,808,841 shares of the credit services provider’s stock valued at $2,799,876,000 after purchasing an additional 1,090,363 shares in the last quarter. BlackRock Inc. boosted its position in shares of Equifax by 2.7% during the first quarter. BlackRock Inc. now owns 9,720,913 shares of the credit services provider’s stock valued at $2,304,828,000 after buying an additional 252,490 shares during the last quarter. State Street Corp raised its position in Equifax by 1.6% in the 4th quarter. State Street Corp now owns 4,934,609 shares of the credit services provider’s stock worth $1,444,804,000 after buying an additional 77,697 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Equifax by 6.0% during the 1st quarter. JPMorgan Chase & Co. now owns 3,300,354 shares of the credit services provider’s stock valued at $782,513,000 after acquiring an additional 188,179 shares during the period. 91.81% of the stock is currently owned by institutional investors.
Equifax Stock Performance
EFX stock opened at $197.16 on Friday. Equifax Inc. has a twelve month low of $169.25 and a twelve month high of $300.11. The firm has a market cap of $24.13 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 1.87 and a beta of 1.50. The business’s fifty day simple moving average is $200.77 and its two-hundred day simple moving average is $205.92. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.07.
Equifax Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Tuesday, September 6th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Friday, September 2nd. Equifax’s dividend payout ratio (DPR) is 25.66%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on EFX. Morgan Stanley downgraded shares of Equifax from an “overweight” rating to an “equal weight” rating and set a $230.00 target price for the company. in a research report on Tuesday, August 16th. Stifel Nicolaus dropped their target price on shares of Equifax from $254.00 to $223.00 and set a “buy” rating for the company in a report on Friday, July 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Equifax from $225.00 to $223.00 in a research note on Tuesday, July 19th. Atlantic Securities downgraded shares of Equifax from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $210.00 to $225.00 in a report on Monday, August 15th. Finally, Barclays reduced their target price on Equifax from $250.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, June 17th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.13.
Equifax Company Profile
Equifax Inc provides information solutions and human resources business process automation outsourcing services for businesses, governments, and consumers. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers employment, income, criminal history, and social security number verification services, as well as payroll-based transaction, employment tax management, and identity theft protection products.
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