Seven Eight Capital LP Sells 4,397 Shares of Equifax Inc. (NYSE:EFX)

Seven Eight Capital LP lessened its holdings in shares of Equifax Inc. (NYSE:EFX) by 74.2% in the second quarter, HoldingsChannel.com reports. The fund owned 1,531 shares of the credit services provider’s stock after selling 4,397 shares during the period. Seven Eight Capital LP’s holdings in Equifax were worth $371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. EntryPoint Capital LLC bought a new stake in Equifax during the first quarter valued at approximately $30,000. OFI Invest Asset Management bought a new position in Equifax in the first quarter valued at $31,000. Tortoise Investment Management LLC raised its position in Equifax by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 125 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 54 shares in the last quarter. Mascoma Wealth Management LLC bought a new stake in Equifax during the second quarter worth about $30,000. Finally, Crewe Advisors LLC boosted its holdings in shares of Equifax by 138.2% in the 2nd quarter. Crewe Advisors LLC now owns 131 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EFX. BNP Paribas raised Equifax from an “underperform” rating to a “neutral” rating and set a $310.00 price objective on the stock in a report on Thursday. Morgan Stanley boosted their price objective on shares of Equifax from $250.00 to $271.00 and gave the stock an “equal weight” rating in a report on Thursday, September 12th. Oppenheimer increased their target price on shares of Equifax from $272.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Wolfe Research assumed coverage on shares of Equifax in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $275.00 price target for the company. Finally, Bank of America raised their price objective on Equifax from $255.00 to $286.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $302.06.

Equifax Stock Down 1.0 %

Shares of Equifax stock opened at $299.09 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.01. Equifax Inc. has a 12-month low of $159.95 and a 12-month high of $309.63. The company has a market cap of $36.97 billion, a P/E ratio of 66.61, a PEG ratio of 1.99 and a beta of 1.58. The company’s fifty day simple moving average is $287.98 and its two-hundred day simple moving average is $259.26.

Equifax (NYSE:EFX) last announced its quarterly earnings results on Wednesday, July 17th. The credit services provider reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.09. Equifax had a net margin of 10.67% and a return on equity of 18.88%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the company earned $1.71 earnings per share. Equifax’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that Equifax Inc. will post 7.33 EPS for the current year.

Equifax Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Tuesday, September 3rd. Equifax’s payout ratio is presently 34.74%.

Insider Activity at Equifax

In related news, EVP Carla Chaney sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $281.85, for a total value of $845,550.00. Following the sale, the executive vice president now directly owns 10,875 shares of the company’s stock, valued at $3,065,118.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.57% of the stock is currently owned by corporate 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.