Cornerstone Capital Management Holdings LLC. Has $2.85 Million Stake in Equifax, Inc. (EFX)
Cornerstone Capital Management Holdings LLC. lifted its position in shares of Equifax, Inc. (NYSE:EFX) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,759 shares of the credit services provider’s stock after purchasing an additional 236 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Equifax were worth $2,851,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of EFX. YorkBridge Wealth Partners LLC boosted its holdings in shares of Equifax by 5.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 781 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 37 shares during the period. Sun Life Financial INC lifted its holdings in Equifax by 9,722.2% in the second quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock worth $121,000 after buying an additional 875 shares during the period. IFP Advisors Inc lifted its holdings in Equifax by 24.6% in the second quarter. IFP Advisors Inc now owns 928 shares of the credit services provider’s stock worth $128,000 after buying an additional 183 shares during the period. ETF Managers Group LLC purchased a new stake in Equifax in the second quarter worth about $137,000. Finally, SNS Financial Group LLC purchased a new stake in Equifax in the second quarter worth about $200,000. Institutional investors own 89.96% of the company’s stock.
Equifax, Inc. (NYSE EFX) opened at 108.70 on Tuesday. Equifax, Inc. has a 52 week low of $89.59 and a 52 week high of $147.02. The firm’s 50 day moving average is $114.72 and its 200-day moving average is $133.05. The company has a market cap of $13.08 billion, a P/E ratio of 23.02 and a beta of 0.88.
Equifax (NYSE:EFX) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.03. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The firm had revenue of $856.70 million during the quarter, compared to analysts’ expectations of $860.48 million. During the same quarter in the prior year, the company earned $1.43 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that Equifax, Inc. will post $5.97 earnings per share for the current fiscal year.
Several analysts have commented on EFX shares. Cowen and Company restated a “buy” rating and issued a $151.00 price objective on shares of Equifax in a report on Friday, July 28th. Morgan Stanley restated an “equal weight” rating and issued a $144.00 price objective (up from $142.00) on shares of Equifax in a report on Tuesday, July 18th. Stifel Nicolaus restated a “buy” rating and issued a $149.00 price objective on shares of Equifax in a report on Friday, September 8th. Zacks Investment Research lowered shares of Equifax from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, BidaskClub lowered shares of Equifax from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $130.27.
In other news, CFO John W. Gamble, Jr. sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total value of $946,400.00. Following the completion of the sale, the chief financial officer now owns 42,078 shares of the company’s stock, valued at approximately $6,126,556.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rodolfo O. Ploder sold 1,719 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $145.70, for a total transaction of $250,458.30. Following the completion of the sale, the insider now directly owns 43,648 shares of the company’s stock, valued at approximately $6,359,513.60. The disclosure for this sale can be found here. Insiders sold a total of 12,219 shares of company stock valued at $1,780,938 in the last ninety days. Corporate insiders own 1.29% of the company’s stock.
Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.
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