Key Points
- Equifax EVP Jamil Farshchi sold 15,110 shares for about $2.87 million at an average price of $189.77, under a pre-arranged Rule 10b5-1 plan. He retained 39,290 shares after the sale, a 27.78% reduction in his holdings.
- Equifax reported quarterly EPS of $2.26, beating the $2.20 consensus estimate, while revenue of $1.69 billion was in line with expectations and increased 9.6% year over year.
- The company declared a quarterly dividend of $0.56 per share, equivalent to an annualized yield of about 1.2%. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $200.55.
Equifax, Inc. (NYSE:EFX - Get Free Report) EVP Jamil Farshchi sold 15,110 shares of the business's stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $189.77, for a total transaction of $2,867,424.70. Following the completion of the transaction, the executive vice president directly owned 39,290 shares of the company's stock, valued at approximately $7,456,063.30. This represents a 27.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Equifax Price Performance
Shares of EFX stock opened at $186.81 on Friday. The firm has a market cap of $21.86 billion, a P/E ratio of 30.18, a P/E/G ratio of 1.93 and a beta of 1.27. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.09 and a quick ratio of 1.09. Equifax, Inc. has a 1-year low of $137.01 and a 1-year high of $228.67. The firm has a fifty day moving average of $166.25 and a two-hundred day moving average of $176.30.
Equifax (NYSE:EFX - Get Free Report) last released its earnings results on Tuesday, October 20th. The credit services provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.06. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.69 billion. Equifax had a net margin of 11.27% and a return on equity of 22.48%. The company's revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.04 EPS. As a group, research analysts anticipate that Equifax, Inc. will post 8.50 earnings per share for the current fiscal year.
Equifax Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Wednesday, November 25th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, November 25th. Equifax's dividend payout ratio (DPR) is 36.19%.
Institutional Investors Weigh In On Equifax
Institutional investors have recently modified their holdings of the business. Compass Wealth Management LLC acquired a new stake in Equifax during the third quarter worth about $27,000. Clearstead Trust LLC bought a new position in Equifax in the second quarter worth about $28,000. Ballast Advisors LLC bought a new position in Equifax in the first quarter worth about $33,000. Osterweis Capital Management Inc. acquired a new position in Equifax in the second quarter valued at approximately $33,000. Finally, Heritage Family Offices LLP acquired a new position in Equifax in the third quarter valued at approximately $35,000. Institutional investors own 96.20% of the company's stock.
Analyst Ratings Changes
Several brokerages have issued reports on EFX. The Goldman Sachs Group restated a "neutral" rating on shares of Equifax in a research note on Tuesday, October 20th. Wells Fargo & Company reduced their target price on Equifax from $212.00 to $200.00 and set an "overweight" rating on the stock in a report on Tuesday, September 22nd. BMO Capital Markets lifted their target price on Equifax from $160.00 to $175.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 21st. BNP Paribas Exane boosted their price target on Equifax from $185.00 to $190.00 and gave the company a "neutral" rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Equifax in a research report on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $200.55.
Get Our Latest Research Report on EFX
Equifax Company Profile
(
Get Free Report)
Equifax Inc. is a global data, analytics and technology company best known as one of the major consumer credit reporting agencies in the United States. The company traces its history to 1899, when it was founded as the Retail Credit Company, and adopted the Equifax name in 1975. Equifax provides consumer and business credit information, credit reports and scores, and tools for identity verification and fraud prevention. Its products also help businesses assess risk and make decisions about lending, customer relationships and marketing.
Featured Stories
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].
