Cullinan Associates Inc. Sells 315 Shares of Equifax Inc. (NYSE:EFX)

Cullinan Associates Inc. reduced its stake in Equifax Inc. (NYSE:EFX) by 6.9% during the third quarter, Holdings Channel.com reports. The firm owned 4,250 shares of the credit services provider’s stock after selling 315 shares during the quarter. Cullinan Associates Inc.’s holdings in Equifax were worth $1,167,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in EFX. Conning Inc. lifted its stake in shares of Equifax by 4.7% in the 2nd quarter. Conning Inc. now owns 848 shares of the credit services provider’s stock valued at $206,000 after purchasing an additional 38 shares during the last quarter. Intech Investment Management LLC boosted its stake in Equifax by 1.2% during the second quarter. Intech Investment Management LLC now owns 3,726 shares of the credit services provider’s stock worth $903,000 after buying an additional 44 shares during the period. Thompson Investment Management Inc. increased its position in Equifax by 0.3% during the second quarter. Thompson Investment Management Inc. now owns 15,464 shares of the credit services provider’s stock valued at $3,749,000 after acquiring an additional 45 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of Equifax by 3.0% in the 3rd quarter. Greenleaf Trust now owns 1,665 shares of the credit services provider’s stock worth $489,000 after acquiring an additional 48 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in shares of Equifax by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 125 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Equifax Stock Performance

NYSE:EFX traded up $0.22 during trading hours on Friday, reaching $271.98. 24,582 shares of the company’s stock were exchanged, compared to its average volume of 848,718. Equifax Inc. has a 1-year low of $159.95 and a 1-year high of $309.63. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average of $293.46 and a 200 day moving average of $263.44. The firm has a market capitalization of $33.62 billion, a price-to-earnings ratio of 60.52, a P/E/G ratio of 2.00 and a beta of 1.58.

Equifax (NYSE:EFX) last announced its quarterly earnings results on Wednesday, October 16th. The credit services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. Equifax had a net margin of 10.67% and a return on equity of 18.88%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.76 EPS. Research analysts anticipate that Equifax Inc. will post 7.36 EPS for the current year.

Equifax Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Tuesday, September 3rd. Equifax’s payout ratio is 34.74%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EFX. Barclays raised their price objective on shares of Equifax from $300.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Wolfe Research began coverage on Equifax in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $275.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of Equifax from $277.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Stifel Nicolaus lifted their price objective on shares of Equifax from $265.00 to $305.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Citigroup upped their target price on shares of Equifax from $263.00 to $304.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Equifax has an average rating of “Moderate Buy” and a consensus price target of $310.47.

Insiders Place Their Bets

In other Equifax news, EVP Carla Chaney sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $281.85, for a total transaction of $845,550.00. Following the completion of the sale, the executive vice president now directly owns 10,875 shares in the company, valued at $3,065,118.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.57% of the stock is currently owned by insiders.

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.