Equifax Inc. (NYSE:EFX) Holdings Boosted by Frontier Capital Management Co. LLC

by · The Cerbat Gem

Frontier Capital Management Co. LLC boosted its position in shares of Equifax Inc. (NYSE:EFX – Free Report) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 288,636 shares of the credit services provider’s stock after purchasing an additional 16,031 shares during the period. Frontier Capital Management Co. LLC’s holdings in Equifax were worth $67,916,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EFX. Capital Advisors Ltd. LLC grew its position in Equifax by 273.3% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 112 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 82 shares in the last quarter. Spire Wealth Management grew its position in Equifax by 118.5% during the 1st quarter. Spire Wealth Management now owns 142 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 77 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in Equifax during the 2nd quarter worth approximately $29,000. Clear Street Markets LLC boosted its stake in shares of Equifax by 94.4% during the 1st quarter. Clear Street Markets LLC now owns 241 shares of the credit services provider’s stock valued at $49,000 after buying an additional 117 shares during the period. Finally, Compass Wealth Management LLC acquired a new stake in shares of Equifax during the 4th quarter valued at $53,000. 98.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup assumed coverage on shares of Equifax in a research note on Monday, November 20th. They set a “buy” rating and a $243.00 target price for the company. StockNews.com assumed coverage on shares of Equifax in a research note on Thursday, October 5th. They set a “hold” rating for the company. Morgan Stanley decreased their target price on shares of Equifax from $204.00 to $196.00 and set an “equal weight” rating for the company in a research note on Friday, October 20th. Truist Financial decreased their target price on shares of Equifax from $250.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, October 20th. Finally, Needham & Company LLC decreased their target price on shares of Equifax from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $215.19.

Get Our Latest Report on EFX

Insider Activity at Equifax

In related news, CEO Mark W. Begor sold 7,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $166.58, for a total value of $1,166,060.00. Following the sale, the chief executive officer now owns 63,011 shares of the company’s stock, valued at $10,496,372.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Equifax news, Director Melissa D. Smith bought 914 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were acquired at an average price of $166.27 per share, with a total value of $151,970.78. Following the completion of the purchase, the director now directly owns 1,586 shares in the company, valued at approximately $263,704.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark W. Begor sold 7,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $166.58, for a total transaction of $1,166,060.00. Following the completion of the transaction, the chief executive officer now owns 63,011 shares in the company, valued at $10,496,372.38. The disclosure for this sale can be found here. 1.75% of the stock is currently owned by insiders.

Equifax Stock Performance

Shares of NYSE:EFX traded up $1.79 on Monday, hitting $223.91. 83,518 shares of the company were exchanged, compared to its average volume of 817,828. The company’s 50 day moving average price is $187.20 and its two-hundred day moving average price is $202.96. Equifax Inc. has a one year low of $159.95 and a one year high of $240.35. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $27.59 billion, a price-to-earnings ratio of 52.64, a PEG ratio of 3.23 and a beta of 1.48.

Equifax (NYSE:EFX – Get Free Report) last posted its earnings results on Thursday, October 19th. The credit services provider reported $1.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.02). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Equifax had a net margin of 10.15% and a return on equity of 19.15%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.73 EPS. Research analysts expect that Equifax Inc. will post 6.64 earnings per share for the current year.

Equifax Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a $0.39 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $1.56 dividend on an annualized basis and a yield of 0.70%. Equifax’s payout ratio is currently 36.97%.

Equifax Company Profile

(Free Report)

Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship.

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