Key Points
- Equifax EVP John Gamble Jr. sold 4,000 shares at an average price of $177.68, totaling $710,720. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct ownership by 5.78% to 65,145 shares.
- Equifax reported quarterly EPS of $2.26, beating analyst expectations of $2.20, while revenue reached $1.69 billion—up 9.6% year over year. Analysts project full-year EPS of $8.50.
- The stock opened at $192.61, and analysts maintain a “Moderate Buy” consensus with an average price target of $200.55; Equifax also pays a quarterly dividend of $0.56 per share, yielding about 1.2%.
Equifax, Inc. (NYSE:EFX - Get Free Report) EVP John Gamble, Jr. sold 4,000 shares of the company's stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $177.68, for a total transaction of $710,720.00. Following the completion of the sale, the executive vice president directly owned 65,145 shares in the company, valued at approximately $11,574,963.60. The trade was a 5.78% 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 Price Performance
Shares of EFX opened at $192.61 on Tuesday. The business's 50-day moving average is $166.38 and its two-hundred day moving average is $177.30. The company has a market capitalization of $22.54 billion, a P/E ratio of 31.12, a P/E/G ratio of 1.80 and a beta of 1.35. Equifax, Inc. has a fifty-two week low of $137.01 and a fifty-two week high of $228.67. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.09 and a current ratio of 1.09.
Equifax (NYSE:EFX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The credit services provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.06. Equifax had a return on equity of 22.48% and a net margin of 11.27%. The business had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.69 billion. During the same quarter in the previous year, the firm posted $2.04 EPS. The company's revenue for the quarter was up 9.6% on a year-over-year basis. Research analysts predict that Equifax, Inc. will post 8.50 earnings per share for the current year.
Equifax Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, August 31st. Equifax's dividend payout ratio (DPR) is currently 36.19%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Loop Capital set a $169.00 price objective on Equifax in a research report on Tuesday, October 20th. Robert W. Baird cut their target price on shares of Equifax from $245.00 to $232.00 and set an "outperform" rating for the company in a report on Wednesday, July 22nd. Credit Suisse Group set a $160.00 target price on shares of Equifax in a research note on Wednesday, September 30th. Weiss Ratings raised shares of Equifax from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $201.00 price target on shares of Equifax in a report on Wednesday, October 21st. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Equifax presently has a consensus rating of "Moderate Buy" and an average target price of $200.55.
Check Out Our Latest Report on EFX
Hedge Funds Weigh In On Equifax
Several institutional investors and hedge funds have recently modified their holdings of EFX. Heritage Family Offices LLP purchased a new position in Equifax during the third quarter worth approximately $35,000. Kestra Advisory Services LLC grew its holdings in Equifax by 5.4% in the third quarter. Kestra Advisory Services LLC now owns 5,189 shares of the credit services provider's stock valued at $712,000 after purchasing an additional 266 shares during the period. American Assets Inc. purchased a new stake in shares of Equifax in the third quarter valued at approximately $343,000. Rakuten Investment Management Inc. increased its position in shares of Equifax by 8.3% in the third quarter. Rakuten Investment Management Inc. now owns 21,190 shares of the credit services provider's stock valued at $2,984,000 after buying an additional 1,625 shares in the last quarter. Finally, Columbia Bank purchased a new stake in shares of Equifax in the third quarter valued at approximately $247,000. Hedge funds and other institutional investors own 96.20% of the company's stock.
Equifax Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
