Key Points
- Equifax CEO Mark Begor sold 37,792 shares at an average price of $182.80, generating approximately $6.91 million. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 289,922 shares.
- Equifax reported quarterly earnings of $2.26 per share, exceeding analyst expectations of $2.20, while revenue reached $1.69 billion, up 9.6% year over year.
- Analysts maintain a generally positive view, with a “Moderate Buy” consensus rating and an average price target of $200.55; the company also pays a quarterly dividend of $0.56 per share.
Equifax, Inc. (NYSE:EFX - Get Free Report) CEO Mark Begor sold 37,792 shares of the company's stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $182.80, for a total transaction of $6,908,377.60. Following the completion of the sale, the chief executive officer directly owned 289,922 shares in the company, valued at approximately $52,997,741.60. The trade was a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Equifax Stock Down 1.8%
Shares of EFX opened at $175.26 on Wednesday. The business's 50-day moving average is $166.92 and its two-hundred day moving average is $178.06. Equifax, Inc. has a fifty-two week low of $137.01 and a fifty-two week high of $228.67.
Equifax (NYSE:EFX - Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The credit services provider reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.20 by $0.06. The company had revenue of $1.69 billion for the quarter, compared to analysts' expectations of $1.69 billion. The business's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.04 EPS. On average, analysts anticipate that Equifax, Inc. will post 8.50 earnings per share for the current fiscal year.
Equifax Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, August 31st.
Institutional Trading of Equifax
Several institutional investors have recently bought and sold shares of EFX. Compass Wealth Management LLC purchased a new stake in shares of Equifax in the third quarter valued at approximately $27,000. Clearstead Trust LLC acquired a new position in shares of Equifax during the 2nd quarter worth approximately $28,000. Ballast Advisors LLC purchased a new position in shares of Equifax during the 1st quarter valued at approximately $33,000. Osterweis Capital Management Inc. purchased a new position in shares of Equifax during the 2nd quarter valued at approximately $33,000. Finally, Oslo Pensjonsforsikring AS acquired a new stake in Equifax in the 1st quarter valued at $41,000. 96.20% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
EFX has been the subject of several recent research reports. Royal Bank Of Canada cut Equifax from an "outperform" rating to a "sector perform" rating and lifted their price target for the company from $177.00 to $189.00 in a research report on Monday. Credit Suisse Group set a $160.00 price objective on Equifax in a research report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $201.00 price objective on shares of Equifax in a research note on Wednesday, October 21st. Citigroup dropped their price objective on shares of Equifax from $238.00 to $220.00 and set a "buy" rating on the stock in a research note on Wednesday, July 22nd. Finally, Barclays cut their target price on shares of Equifax from $200.00 to $155.00 and set an "equal weight" rating for the company in a report on Friday, October 2nd. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $200.55.
Read Our Latest Stock Report on Equifax
About Equifax
(
Get Free Report)
Equifax Inc (NYSE: EFX) is a global data, analytics and technology company that provides information and services to help businesses, governments and consumers make informed financial and workforce decisions. The company is best known for its credit reporting activities, but its offerings also include identity verification, fraud prevention, income and employment verification, marketing services and risk management solutions.
Equifax provides consumer and commercial credit information, credit reports and related analytics to lenders and other businesses.
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