Echo Street Capital Management LLC Decreases Stock Position in Equifax Inc. (NYSE:EFX)

Echo Street Capital Management LLC cut its stake in shares of Equifax Inc. (NYSE:EFXGet Rating) by 61.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 288,739 shares of the credit services provider’s stock after selling 455,448 shares during the quarter. Echo Street Capital Management LLC owned 0.24% of Equifax worth $68,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of EFX. JPMorgan Chase & Co. grew its stake in shares of Equifax by 131.6% in the fourth quarter. JPMorgan Chase & Co. now owns 3,112,175 shares of the credit services provider’s stock worth $911,215,000 after purchasing an additional 1,768,646 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake 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 buying an additional 1,090,363 shares during the period. Norges Bank bought a new position in shares of Equifax during the fourth quarter valued at approximately $281,318,000. Invesco Ltd. lifted its stake in Equifax by 21.2% in the fourth quarter. Invesco Ltd. now owns 3,065,551 shares of the credit services provider’s stock worth $897,562,000 after acquiring an additional 536,419 shares during the period. Finally, AKO Capital LLP increased its position in Equifax by 25.3% during the 1st quarter. AKO Capital LLP now owns 2,057,417 shares of the credit services provider’s stock valued at $487,814,000 after purchasing an additional 415,080 shares during the period. 91.81% of the stock is owned by hedge funds and other institutional investors.

Equifax Trading Up 0.4 %

Equifax stock opened at $197.16 on Friday. Equifax Inc. has a one year low of $169.25 and a one year high of $300.11. The business’s fifty day moving average is $200.77 and its 200 day moving average is $205.92. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $24.13 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 1.87 and a beta of 1.50.

Equifax (NYSE:EFXGet Rating) last released its quarterly earnings results on Wednesday, July 20th. The credit services provider reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.06. Equifax had a return on equity of 26.69% and a net margin of 14.54%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm earned $1.98 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts predict that Equifax Inc. will post 7.67 EPS for the current year.

Equifax Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Tuesday, September 6th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, September 2nd. Equifax’s payout ratio is currently 25.66%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EFX shares. Stifel Nicolaus reduced their price target on shares of Equifax from $254.00 to $223.00 and set a “buy” rating on the stock in a research report on Friday, July 1st. Credit Suisse Group lowered their target price on Equifax from $250.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday, July 21st. StockNews.com raised Equifax from a “sell” rating to a “hold” rating in a research note on Friday, August 19th. Wells Fargo & Company began coverage on Equifax in a research report on Tuesday, July 12th. They set an “equal weight” rating and a $200.00 price objective for the company. Finally, Truist Financial reduced their target price on shares of Equifax from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, July 22nd. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.13.

About Equifax

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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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Institutional Ownership by Quarter for Equifax (NYSE:EFX)

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