State of Tennessee Treasury Department Has $3.40 Million Position in Equifax Inc. (EFX)
State of Tennessee Treasury Department decreased its position in Equifax Inc. (NYSE:EFX) by 7.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,833 shares of the credit services provider’s stock after selling 2,230 shares during the quarter. State of Tennessee Treasury Department’s holdings in Equifax were worth $3,397,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Brown Advisory Inc. increased its position in shares of Equifax by 2.4% in the fourth quarter. Brown Advisory Inc. now owns 18,448 shares of the credit services provider’s stock valued at $2,176,000 after acquiring an additional 440 shares during the period. Atria Investments LLC increased its position in shares of Equifax by 10.7% in the first quarter. Atria Investments LLC now owns 5,780 shares of the credit services provider’s stock valued at $681,000 after acquiring an additional 560 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Equifax by 3.8% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,371 shares of the credit services provider’s stock valued at $1,930,000 after acquiring an additional 600 shares during the period. Flinton Capital Management LLC increased its position in shares of Equifax by 22.1% in the fourth quarter. Flinton Capital Management LLC now owns 3,536 shares of the credit services provider’s stock valued at $417,000 after acquiring an additional 640 shares during the period. Finally, Norinchukin Bank The increased its position in shares of Equifax by 7.2% in the fourth quarter. Norinchukin Bank The now owns 9,601 shares of the credit services provider’s stock valued at $1,132,000 after acquiring an additional 641 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.
NYSE:EFX opened at $124.65 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.60 and a current ratio of 0.60. Equifax Inc. has a one year low of $89.59 and a one year high of $147.02. The stock has a market cap of $14.97 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 2.62 and a beta of 0.94.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, May 25th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, May 24th. This represents a $1.56 annualized dividend and a yield of 1.25%. Equifax’s dividend payout ratio is presently 26.13%.
In other Equifax news, CEO Mark W. Begor acquired 8,700 shares of the company’s stock in a transaction on Friday, May 25th. The shares were bought at an average cost of $115.01 per share, for a total transaction of $1,000,587.00. Following the acquisition, the chief executive officer now directly owns 46,491 shares of the company’s stock, valued at $5,346,929.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.45% of the stock is owned by insiders.
A number of equities research analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of Equifax in a research note on Tuesday, April 10th. They set an “underperform” rating and a $115.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Equifax in a research note on Thursday, March 1st. SunTrust Banks lifted their target price on shares of Equifax to $140.00 and gave the company a “buy” rating in a research note on Monday, March 5th. Royal Bank of Canada cut their target price on shares of Equifax to $121.00 and set a “sector perform” rating on the stock in a research note on Monday, March 5th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $132.00 target price (up previously from $127.00) on shares of Equifax in a research note on Monday, March 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $127.40.
Equifax Company Profile
Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage loan origination information; financial marketing; and identity management services.
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