State of Alaska Department of Revenue Decreases Stock Holdings in Equifax Inc. (NYSE:EFX)

State of Alaska Department of Revenue cut its holdings in Equifax Inc. (NYSE:EFXFree Report) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,306 shares of the credit services provider’s stock after selling 1,280 shares during the quarter. State of Alaska Department of Revenue’s holdings in Equifax were worth $3,290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EFX. KB Financial Partners LLC purchased a new stake in Equifax in the third quarter valued at about $25,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Equifax in the third quarter valued at about $27,000. Eagle Bay Advisors LLC purchased a new stake in Equifax in the second quarter valued at about $29,000. Geneos Wealth Management Inc. raised its stake in Equifax by 70.8% in the third quarter. Geneos Wealth Management Inc. now owns 193 shares of the credit services provider’s stock valued at $35,000 after buying an additional 80 shares during the last quarter. Finally, Smithfield Trust Co raised its stake in Equifax by 55.5% in the third quarter. Smithfield Trust Co now owns 199 shares of the credit services provider’s stock valued at $36,000 after buying an additional 71 shares during the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on EFX shares. Evercore ISI upgraded Equifax from an “in-line” rating to an “outperform” rating and increased their price target for the company from $210.00 to $310.00 in a research note on Tuesday, February 13th. Wells Fargo & Company raised Equifax from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $200.00 to $290.00 in a report on Friday, December 15th. Needham & Company LLC reissued a “buy” rating and issued a $305.00 price objective on shares of Equifax in a report on Friday, February 9th. TheStreet raised Equifax from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Finally, Oppenheimer started coverage on Equifax in a report on Tuesday, December 19th. They issued an “outperform” rating and a $273.00 price objective on the stock. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Equifax has an average rating of “Moderate Buy” and a consensus target price of $265.94.

Read Our Latest Research Report on Equifax

Equifax Stock Up 0.1 %

Equifax stock opened at $256.03 on Thursday. The firm has a market cap of $31.81 billion, a price-to-earnings ratio of 58.19, a price-to-earnings-growth ratio of 2.06 and a beta of 1.51. The business’s 50-day moving average price is $258.62 and its 200 day moving average price is $226.68. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.04. Equifax Inc. has a 52 week low of $159.95 and a 52 week high of $275.10.

Equifax (NYSE:EFXGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.07. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Equifax had a return on equity of 19.40% and a net margin of 10.36%. Equifax’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.52 earnings per share. As a group, sell-side analysts anticipate that Equifax Inc. will post 7.51 earnings per share for the current year.

Equifax Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were given a dividend of $0.39 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.56 dividend on an annualized basis and a yield of 0.61%. Equifax’s dividend payout ratio is currently 35.45%.

Equifax Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Equifax (NYSE:EFX)

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