Saudi Central Bank grew its stake in shares of Equifax, Inc. (NYSE:EFX – Free Report) by 86.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,444 shares of the credit services provider’s stock after purchasing an additional 3,926 shares during the quarter. Saudi Central Bank’s holdings in Equifax were worth $1,340,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in EFX. BlackRock Inc. acquired a new stake in Equifax in the second quarter worth $1,491,357,000. Soroban Capital Partners LP lifted its position in Equifax by 310.5% in the first quarter. Soroban Capital Partners LP now owns 4,184,569 shares of the credit services provider’s stock worth $753,515,000 after purchasing an additional 3,165,120 shares during the period. Generation Investment Management LLP bought a new position in Equifax during the 2nd quarter valued at $290,868,000. Norges Bank acquired a new stake in shares of Equifax in the fourth quarter valued at $275,635,000. Finally, Bank of America Corp DE bought a new position in shares of Equifax during the 2nd quarter valued at about $187,215,000. Institutional investors own 96.20% of the company’s stock.
Equifax Stock Performance
EFX stock opened at $171.78 on Wednesday. The company has a 50 day moving average price of $179.16 and a 200 day moving average price of $177.54. The stock has a market capitalization of $20.18 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 1.72 and a beta of 1.31. Equifax, Inc. has a fifty-two week low of $150.74 and a fifty-two week high of $271.84. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.60 and a quick ratio of 0.60.
Equifax Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.56 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.24 annualized dividend and a dividend yield of 1.3%. Equifax’s dividend payout ratio (DPR) is currently 39.37%.
Wall Street Analysts Forecast Growth
EFX has been the subject of several recent analyst reports. Needham & Company LLC decreased their target price on shares of Equifax from $265.00 to $245.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Morgan Stanley reduced their price objective on Equifax from $243.00 to $225.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Rothschild & Co Redburn upgraded Equifax from a “neutral” rating to a “buy” rating and lifted their price target for the company from $214.00 to $235.00 in a report on Friday, August 21st. UBS Group reiterated a “buy” rating and issued a $220.00 target price on shares of Equifax in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft set a $208.00 target price on shares of Equifax and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Fifteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $215.16.
Get Our Latest Stock Report on Equifax
Insider Activity at Equifax
In other news, CEO Mark Begor sold 37,791 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $172.16, for a total value of $6,506,098.56. Following the transaction, the chief executive officer directly owned 271,890 shares of the company’s stock, valued at $46,808,582.40. This represents a 12.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John W. Gamble, Jr. sold 4,500 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $187.96, for a total value of $845,820.00. Following the completion of the sale, the executive vice president owned 69,055 shares of the company’s stock, valued at $12,979,577.80. This trade represents a 6.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is owned by corporate insiders.
Equifax Company Profile
Equifax Inc (NYSE: EFX) is a global data, analytics and technology company that specializes in consumer and commercial credit reporting, decisioning tools and identity solutions. Headquartered in Atlanta, Georgia, Equifax is one of the three major consumer credit reporting agencies in the United States and provides credit information and related services to lenders, employers, governments and consumers worldwide.
The company’s offerings include consumer credit reports and scores, credit monitoring and identity protection services, and a range of business-oriented products for risk management, fraud detection and compliance.
Featured Stories
- Five stocks we like better than Equifax
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Receive News & Ratings for Equifax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equifax and related companies with MarketBeat.com's FREE daily email newsletter.
