Edge Capital Group LLC Decreases Stock Position in Equifax Inc. (NYSE:EFX)

Edge Capital Group LLC trimmed its position in shares of Equifax Inc. (NYSE:EFX) by 3.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,158 shares of the credit services provider’s stock after selling 39 shares during the quarter. Edge Capital Group LLC’s holdings in Equifax were worth $281,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in Equifax during the 1st quarter worth $30,000. Tortoise Investment Management LLC lifted its stake in shares of Equifax by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 125 shares of the credit services provider’s stock worth $30,000 after buying an additional 54 shares in the last quarter. Mascoma Wealth Management LLC acquired a new position in Equifax during the second quarter worth about $30,000. OFI Invest Asset Management acquired a new position in Equifax during the first quarter worth about $31,000. Finally, Crewe Advisors LLC grew its stake in Equifax by 138.2% during the 2nd quarter. Crewe Advisors LLC now owns 131 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 76 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Equifax Stock Performance

NYSE:EFX opened at $299.09 on Monday. Equifax Inc. has a fifty-two week low of $159.95 and a fifty-two week high of $309.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.79 and a current ratio of 0.79. The company has a 50 day moving average price of $287.98 and a 200 day moving average price of $259.26. The stock has a market capitalization of $36.97 billion, a P/E ratio of 66.61, a PEG ratio of 1.99 and a beta of 1.58.

Equifax (NYSE:EFX) last released its quarterly earnings results on Wednesday, July 17th. The credit services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.73 by $0.09. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. Equifax had a return on equity of 18.88% and a net margin of 10.67%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.71 earnings per share. Equities research analysts forecast that Equifax Inc. will post 7.33 EPS for the current year.

Equifax Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 0.52%. Equifax’s dividend payout ratio (DPR) is presently 34.74%.

Insiders Place Their Bets

In other news, EVP Carla Chaney sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $281.85, for a total value of $845,550.00. Following the completion of the transaction, the executive vice president now owns 10,875 shares of the company’s stock, valued at $3,065,118.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wolfe Research began coverage on shares of Equifax in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $275.00 target price on the stock. Barclays lifted their price objective on Equifax from $300.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Stifel Nicolaus upped their target price on Equifax from $265.00 to $305.00 and gave the company a “buy” rating in a report on Friday, July 19th. Robert W. Baird raised their target price on Equifax from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, Bank of America boosted their price target on shares of Equifax from $255.00 to $286.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Equifax presently has a consensus rating of “Moderate Buy” and an average target price of $302.06.

Equifax Profile

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.