Equifax Inc. (NYSE:EFX) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its holdings in Equifax Inc. (NYSE:EFX) by 2.7% during the second quarter, HoldingsChannel reports. The firm owned 60,029 shares of the credit services provider’s stock after selling 1,676 shares during the period. Truist Financial Corp’s holdings in Equifax were worth $14,555,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in Equifax by 66.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,993 shares of the credit services provider’s stock worth $483,000 after buying an additional 795 shares during the period. Magnolia Capital Advisors LLC acquired a new stake in shares of Equifax in the second quarter valued at approximately $218,000. Creative Planning boosted its stake in shares of Equifax by 3.9% during the second quarter. Creative Planning now owns 34,929 shares of the credit services provider’s stock worth $8,469,000 after buying an additional 1,303 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Equifax in the 2nd quarter valued at approximately $15,646,000. Finally, Scientech Research LLC acquired a new position in Equifax in the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

Equifax Trading Down 3.4 %

EFX opened at $283.49 on Friday. Equifax Inc. has a 12-month low of $159.95 and a 12-month high of $309.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $35.04 billion, a PE ratio of 63.14, a P/E/G ratio of 2.12 and a beta of 1.58. The firm’s fifty day moving average price is $293.45 and its 200 day moving average price is $261.22.

Equifax (NYSE:EFX) last issued 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 for the quarter, compared to analysts’ expectations of $1.42 billion. Equifax had a net margin of 10.67% and a return on equity of 18.88%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.71 earnings per share. As a group, research analysts expect that Equifax Inc. will post 7.33 EPS for the current fiscal year.

Equifax Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were given a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.55%. Equifax’s payout ratio is currently 34.74%.

Analysts Set New Price Targets

EFX has been the topic of a number of research analyst reports. Robert W. Baird boosted their price objective on shares of Equifax from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Barclays lifted their price target on Equifax from $300.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Citigroup upped their price target on shares of Equifax from $263.00 to $304.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Stifel Nicolaus boosted their price objective on shares of Equifax from $265.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Bank of America increased their target price on Equifax from $255.00 to $286.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $306.95.

Insider Buying and Selling at Equifax

In other news, EVP Carla Chaney sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $281.85, for a total transaction of $845,550.00. Following the sale, the executive vice president now directly owns 10,875 shares in the company, valued at approximately $3,065,118.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.57% of the stock is currently owned by insiders.

About Equifax

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.