Prudential PLC Grows Stock Holdings in Equifax Inc. (NYSE:EFX)

Prudential PLC lifted its holdings in Equifax Inc. (NYSE:EFXFree Report) by 15.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,786 shares of the credit services provider’s stock after acquiring an additional 652 shares during the period. Prudential PLC’s holdings in Equifax were worth $1,184,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Weitz Investment Management Inc. raised its position in Equifax by 5.1% in the fourth quarter. Weitz Investment Management Inc. now owns 153,500 shares of the credit services provider’s stock valued at $37,959,000 after purchasing an additional 7,500 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Equifax by 2.7% during the 4th quarter. New York State Common Retirement Fund now owns 330,453 shares of the credit services provider’s stock valued at $81,718,000 after buying an additional 8,668 shares during the period. BNP Paribas Financial Markets lifted its position in Equifax by 16.7% during the 4th quarter. BNP Paribas Financial Markets now owns 102,136 shares of the credit services provider’s stock worth $25,257,000 after acquiring an additional 14,629 shares in the last quarter. Bank of Nova Scotia boosted its holdings in Equifax by 56.8% in the 4th quarter. Bank of Nova Scotia now owns 14,491 shares of the credit services provider’s stock worth $3,584,000 after acquiring an additional 5,248 shares during the period. Finally, OLD National Bancorp IN grew its position in Equifax by 11.5% in the fourth quarter. OLD National Bancorp IN now owns 62,249 shares of the credit services provider’s stock valued at $15,394,000 after acquiring an additional 6,418 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Equifax Trading Down 0.2 %

NYSE:EFX opened at $232.76 on Tuesday. The firm has a market capitalization of $28.77 billion, a P/E ratio of 51.84, a P/E/G ratio of 1.62 and a beta of 1.57. The business has a 50 day simple moving average of $238.38 and a 200 day simple moving average of $244.69. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.73 and a quick ratio of 0.73. Equifax Inc. has a 12-month low of $159.95 and a 12-month high of $275.10.

Equifax (NYSE:EFXGet Free Report) last announced its quarterly earnings results on Thursday, April 18th. The credit services provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.06. Equifax had a net margin of 10.42% and a return on equity of 19.08%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts predict that Equifax Inc. will post 7.37 EPS for the current year.

Equifax Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Friday, May 24th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.56 annualized dividend and a dividend yield of 0.67%. Equifax’s payout ratio is currently 34.74%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EFX. Evercore ISI upgraded shares of Equifax from an “in-line” rating to an “outperform” rating and upped their target price for the company from $210.00 to $310.00 in a research note on Tuesday, February 13th. The Goldman Sachs Group lowered their target price on Equifax from $276.00 to $241.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Bank of America cut their price target on Equifax from $300.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Robert W. Baird lowered their price objective on Equifax from $275.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $305.00 target price on shares of Equifax in a research report on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $270.19.

Get Our Latest Research Report on Equifax

Insider Activity

In related news, EVP Rodolfo O. Ploder sold 14,097 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $225.45, for a total value of $3,178,168.65. Following the sale, the executive vice president now directly owns 75,964 shares in the company, valued at approximately $17,126,083.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Mark W. Begor sold 58,300 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $225.45, for a total value of $13,143,735.00. Following the completion of the sale, the chief executive officer now directly owns 109,220 shares of the company’s stock, valued at approximately $24,623,649. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Rodolfo O. Ploder sold 14,097 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $225.45, for a total transaction of $3,178,168.65. Following the transaction, the executive vice president now owns 75,964 shares in the company, valued at approximately $17,126,083.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,635 shares of company stock valued at $18,969,282. Insiders own 1.66% of the company’s stock.

Equifax 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.

See Also

Institutional Ownership by Quarter for Equifax (NYSE:EFX)

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