TIAA CREF Trust Co. FSB MO raised its position in Equifax Inc. (NYSE:EFX) by 11.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,691 shares of the credit services provider’s stock after buying an additional 1,658 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in Equifax were worth $2,283,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of EFX. State Street Corp increased its position in Equifax by 6.3% in the fourth quarter. State Street Corp now owns 5,234,697 shares of the credit services provider’s stock worth $618,890,000 after buying an additional 311,257 shares during the last quarter. Janus Capital Management LLC increased its position in Equifax by 12.2% in the fourth quarter. Janus Capital Management LLC now owns 2,823,685 shares of the credit services provider’s stock worth $333,844,000 after buying an additional 307,371 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in Equifax by 4.6% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,797,887 shares of the credit services provider’s stock worth $212,564,000 after buying an additional 79,196 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in Equifax by 0.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,116,721 shares of the credit services provider’s stock worth $132,030,000 after buying an additional 7,643 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Equifax during the third quarter valued at $146,412,000. Institutional investors own 86.41% of the company’s stock.
Equifax (NYSE:EFX) last issued its quarterly earnings results on Wednesday, April 26th. The credit services provider reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.03. The business had revenue of $832.20 million for the quarter, compared to the consensus estimate of $825.14 million. Equifax had a net margin of 15.54% and a return on equity of 25.18%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 EPS.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, May 25th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, May 23rd. This represents a $1.56 annualized dividend and a yield of 1.15%. Equifax’s dividend payout ratio (DPR) is 32.75%.
Several analysts recently weighed in on the stock. Atlantic Securities assumed coverage on shares of Equifax in a research report on Thursday, March 23rd. They issued an “overweight” rating and a $156.00 price objective on the stock. Stephens downgraded shares of Equifax from an “overweight” rating to an “equal weight” rating in a research report on Friday, April 28th. Royal Bank of Canada reiterated a “buy” rating and issued a $144.00 price objective on shares of Equifax in a research report on Thursday, March 30th. Stifel Nicolaus lifted their price objective on shares of Equifax from $144.00 to $149.00 and gave the company a “buy” rating in a research report on Wednesday, March 22nd. Finally, Zacks Investment Research upgraded shares of Equifax from a “sell” rating to a “hold” rating in a research report on Tuesday, February 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Equifax currently has a consensus rating of “Buy” and an average price target of $139.27.
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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