Equifax (NYSE:EFX) Upgraded to Overweight by Atlantic Securities

Atlantic Securities upgraded shares of Equifax (NYSE:EFXGet Rating) from a neutral rating to an overweight rating in a research report released on Tuesday morning, Marketbeat Ratings reports. Atlantic Securities currently has $230.00 price objective on the credit services provider’s stock.

EFX has been the subject of a number of other reports. Truist Financial decreased their price target on Equifax from $250.00 to $230.00 and set a buy rating for the company in a research note on Friday, July 22nd. Barclays decreased their price target on Equifax from $230.00 to $225.00 and set an overweight rating for the company in a research note on Tuesday, October 4th. Jefferies Financial Group lowered Equifax from a buy rating to a hold rating and decreased their price target for the stock from $250.00 to $161.00 in a research note on Wednesday, October 19th. Credit Suisse Group decreased their price target on Equifax from $250.00 to $245.00 and set an outperform rating for the company in a research note on Thursday, July 21st. Finally, Needham & Company LLC raised their price target on Equifax from $190.00 to $230.00 and gave the stock a buy rating in a research note on Monday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $214.00.

Equifax Price Performance

NYSE:EFX opened at $207.10 on Tuesday. The firm has a market capitalization of $25.36 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 1.96 and a beta of 1.43. Equifax has a 1 year low of $145.98 and a 1 year high of $300.11. The business has a 50 day simple moving average of $173.91 and a 200-day simple moving average of $188.68. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.64 and a quick ratio of 0.64.

Equifax (NYSE:EFXGet Rating) last posted its quarterly earnings data on Wednesday, October 19th. The credit services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.10. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.21 billion. Equifax had a return on equity of 25.88% and a net margin of 13.72%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the company earned $1.85 EPS. Equities analysts forecast that Equifax will post 7.53 EPS for the current year.

Equifax Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 23rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.75%. Equifax’s dividend payout ratio is presently 27.08%.

Insider Activity

In related news, Director Melissa D. Smith purchased 672 shares of the business’s stock in a transaction dated Friday, October 21st. The shares were acquired at an average cost of $148.69 per share, for a total transaction of $99,919.68. Following the acquisition, the director now owns 3,474 shares of the company’s stock, valued at approximately $516,549.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Equifax news, Director Melissa D. Smith acquired 672 shares of the stock in a transaction dated Friday, October 21st. The stock was purchased at an average price of $148.69 per share, with a total value of $99,919.68. Following the transaction, the director now directly owns 3,474 shares of the company’s stock, valued at $516,549.06. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark W. Begor sold 11,000 shares of the firm’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $165.51, for a total value of $1,820,610.00. Following the completion of the sale, the chief executive officer now directly owns 92,918 shares of the company’s stock, valued at approximately $15,378,858.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,100 shares of company stock worth $5,146,968. 1.57% of the stock is currently owned by company insiders.

Institutional Trading of Equifax

A number of institutional investors have recently made changes to their positions in the business. Neuberger Berman Group LLC boosted its position in shares of Equifax by 5.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 799,706 shares of the credit services provider’s stock worth $137,092,000 after purchasing an additional 40,138 shares in the last quarter. Alliancebernstein L.P. lifted its position in Equifax by 2.9% during the 3rd quarter. Alliancebernstein L.P. now owns 157,171 shares of the credit services provider’s stock worth $26,944,000 after acquiring an additional 4,378 shares during the period. Public Employees Retirement System of Ohio lifted its position in Equifax by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 61,013 shares of the credit services provider’s stock worth $10,459,000 after acquiring an additional 481 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Equifax by 3.5% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 4,561 shares of the credit services provider’s stock worth $782,000 after acquiring an additional 155 shares during the period. Finally, Twinbeech Capital LP acquired a new stake in Equifax during the 3rd quarter worth about $13,168,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Equifax Company Profile

(Get Rating)

Equifax Inc provides information solutions and human resources business process automation outsourcing services for businesses, governments, and consumers. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers employment, income, criminal history, and social security number verification services, as well as payroll-based transaction, employment tax management, and identity theft protection products.

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