Manchester Capital Management LLC Purchases 2,150 Shares of Equifax Inc. (EFX)
Manchester Capital Management LLC boosted its position in Equifax Inc. (NYSE:EFX) by 1,108.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,344 shares of the credit services provider’s stock after buying an additional 2,150 shares during the quarter. Manchester Capital Management LLC’s holdings in Equifax were worth $293,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new stake in Equifax in the 2nd quarter valued at approximately $175,000. Massey Quick Simon & CO. LLC grew its stake in Equifax by 9,375.0% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,516 shares of the credit services provider’s stock valued at $179,000 after purchasing an additional 1,500 shares in the last quarter. Point72 Asia Hong Kong Ltd grew its stake in Equifax by 1,186.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,518 shares of the credit services provider’s stock valued at $179,000 after purchasing an additional 1,400 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in Equifax in the second quarter valued at approximately $200,000. Finally, FineMark National Bank & Trust bought a new position in Equifax in the second quarter valued at approximately $200,000. 91.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE EFX traded up $0.88 during midday trading on Friday, hitting $130.64. 2,960 shares of the company’s stock were exchanged, compared to its average volume of 1,044,004. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.80. Equifax Inc. has a 12 month low of $89.59 and a 12 month high of $143.37. The company has a market capitalization of $15.46 billion, a P/E ratio of 21.78, a P/E/G ratio of 2.93 and a beta of 0.88.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 24th will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, August 23rd. This represents a $1.56 annualized dividend and a dividend yield of 1.19%. Equifax’s dividend payout ratio is currently 26.13%.
In other Equifax news, CEO Mark W. Begor bought 8,700 shares of Equifax stock in a transaction dated Friday, May 25th. The stock was bought at an average cost of $115.01 per share, for a total transaction of $1,000,587.00. Following the purchase, the chief executive officer now owns 46,491 shares of the company’s stock, valued at approximately $5,346,929.91. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.45% of the company’s stock.
A number of research analysts have weighed in on EFX shares. Morgan Stanley raised their price target on Equifax from $119.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, April 27th. ValuEngine upgraded Equifax from a “sell” rating to a “hold” rating in a research note on Friday, June 8th. Zacks Investment Research upgraded Equifax from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Finally, JPMorgan Chase & Co. raised their price target on Equifax from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Equifax currently has an average rating of “Hold” and a consensus target price of $123.54.
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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