Equifax Inc. (EFX) Holdings Reduced by OLD National Bancorp IN
OLD National Bancorp IN lowered its holdings in Equifax Inc. (NYSE:EFX) by 6.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 58,917 shares of the credit services provider’s stock after selling 4,312 shares during the quarter. OLD National Bancorp IN’s holdings in Equifax were worth $6,948,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in EFX. Capital International Investors acquired a new stake in Equifax in the third quarter valued at $513,940,000. Iridian Asset Management LLC CT acquired a new stake in Equifax in the fourth quarter valued at $104,558,000. Assenagon Asset Management S.A. acquired a new stake in Equifax in the third quarter valued at $90,020,000. Artemis Investment Management LLP lifted its holdings in Equifax by 478.6% in the third quarter. Artemis Investment Management LLP now owns 703,006 shares of the credit services provider’s stock valued at $74,505,000 after acquiring an additional 581,509 shares during the period. Finally, Meritage Group LP acquired a new stake in Equifax in the third quarter valued at $50,723,000. 94.22% of the stock is owned by institutional investors.
A number of equities research analysts have commented on EFX shares. Zacks Investment Research downgraded Equifax from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Goldman Sachs Group started coverage on Equifax in a report on Wednesday, November 8th. They issued a “neutral” rating and a $116.00 target price for the company. Royal Bank of Canada downgraded Equifax from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $109.40 to $113.00 in a report on Monday, October 23rd. Stifel Nicolaus downgraded Equifax from a “buy” rating to a “hold” rating and cut their price target for the stock from $149.00 to $115.00 in a research note on Monday, November 13th. Finally, Barclays downgraded Equifax from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $115.00 to $128.00 in a research note on Thursday, December 14th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Equifax currently has an average rating of “Hold” and a consensus target price of $128.07.
Equifax (NYSE:EFX) last posted its quarterly earnings data on Thursday, November 9th. The credit services provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.04. The firm had revenue of $834.80 million during the quarter, compared to analysts’ expectations of $847.28 million. Equifax had a return on equity of 24.45% and a net margin of 16.18%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. research analysts forecast that Equifax Inc. will post 5.92 earnings per share for the current fiscal year.
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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