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Ellevest Inc. Trims Position in Equifax Inc. (NYSE:EFX)

Defense World ·  09/29 18:11

Ellevest Inc. cut its position in Equifax Inc. (NYSE:EFX – Get Rating) by 31.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 888 shares of the credit services provider's stock after selling 414 shares during the period. Ellevest Inc.'s holdings in Equifax were worth $162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brinker Capital Investments LLC grew its stake in Equifax by 18.2% during the second quarter. Brinker Capital Investments LLC now owns 11,871 shares of the credit services provider's stock valued at $2,170,000 after acquiring an additional 1,826 shares in the last quarter. DAVENPORT & Co LLC grew its stake in Equifax by 7.0% during the second quarter. DAVENPORT & Co LLC now owns 2,462 shares of the credit services provider's stock valued at $450,000 after acquiring an additional 160 shares in the last quarter. HB Wealth Management LLC grew its stake in Equifax by 2.1% during the second quarter. HB Wealth Management LLC now owns 5,622 shares of the credit services provider's stock valued at $1,028,000 after acquiring an additional 118 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Equifax by 16.2% during the second quarter. IFM Investors Pty Ltd now owns 21,170 shares of the credit services provider's stock valued at $3,869,000 after acquiring an additional 2,954 shares in the last quarter. Finally, Raymond James Trust N.A. grew its stake in Equifax by 0.6% during the second quarter. Raymond James Trust N.A. now owns 19,176 shares of the credit services provider's stock valued at $3,505,000 after acquiring an additional 109 shares in the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Atlantic Securities cut their target price on shares of Equifax from $225.00 to $200.00 and set a "neutral" rating for the company in a research note on Thursday, September 22nd. Truist Financial lowered their price objective on shares of Equifax from $250.00 to $230.00 and set a "buy" rating for the company in a research report on Friday, July 22nd. Morgan Stanley lowered their price objective on shares of Equifax from $230.00 to $212.00 and set an "equal weight" rating for the company in a research report on Tuesday. Credit Suisse Group lowered their price objective on shares of Equifax from $250.00 to $245.00 and set an "outperform" rating for the company in a research report on Thursday, July 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Equifax from $225.00 to $223.00 in a research report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Equifax presently has a consensus rating of "Hold" and a consensus price target of $242.27.

Equifax Trading Up 2.2 %

Shares of EFX opened at $173.13 on Thursday. Equifax Inc. has a 1-year low of $168.64 and a 1-year high of $300.11. The company has a 50-day moving average of $198.05 and a 200 day moving average of $202.33. The firm has a market capitalization of $21.19 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 1.65 and a beta of 1.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.51 and a quick ratio of 0.51.

Equifax (NYSE:EFX – Get Rating) last announced its quarterly earnings data on Wednesday, July 20th. The credit services provider reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.06. Equifax had a net margin of 14.54% and a return on equity of 26.69%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business posted $1.98 EPS. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. On average, research analysts expect that Equifax Inc. will post 7.66 EPS for the current year.

Equifax Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, September 6th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 0.90%. Equifax's payout ratio is 25.66%.

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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