Equifax, Inc. $EFX Stock: Pictet Asset Management Holding SA Grows Stake

Pictet Asset Management Holding SA boosted its position in Equifax, Inc. (NYSE:EFX – Free Report) by 119.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,777 shares of the credit services provider’s stock after buying an additional 138,961 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.22% of Equifax worth $35,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Clearstead Trust LLC purchased a new position in shares of Equifax during the second quarter worth approximately $28,000. Ballast Advisors LLC purchased a new stake in shares of Equifax in the 1st quarter valued at $33,000. Compass Wealth Management LLC purchased a new stake in shares of Equifax in the 3rd quarter valued at $27,000. Osterweis Capital Management Inc. purchased a new stake in shares of Equifax in the 2nd quarter valued at $33,000. Finally, Oslo Pensjonsforsikring AS bought a new position in shares of Equifax during the 1st quarter valued at $41,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on EFX shares. Barclays decreased their target price on shares of Equifax from $200.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Friday, October 2nd. Morgan Stanley cut their price target on shares of Equifax from $225.00 to $205.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Citigroup reduced their price objective on Equifax from $238.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Stifel Nicolaus reduced their price objective on Equifax from $235.00 to $217.00 and set a “buy” rating on the stock in a research note on Wednesday, October 21st. Finally, Rothschild & Co Redburn upgraded Equifax from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $214.00 to $235.00 in a research report on Friday, August 21st. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Equifax has a consensus rating of “Moderate Buy” and a consensus price target of $200.55.

Read Our Latest Report on EFX

Insider Activity

In other news, CEO Mark W. Begor sold 37,792 shares of the stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $182.80, for a total value of $6,908,377.60. Following the transaction, the chief executive officer owned 289,922 shares in the company, valued at $52,997,741.60. This represents a 11.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Gamble sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $187.96, for a total transaction of $845,820.00. Following the completion of the transaction, the executive vice president directly owned 69,055 shares in the company, valued at approximately $12,979,577.80. The trade was a 6.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 46,292 shares of company stock worth $8,464,918 over the last three months. Insiders own 1.70% of the company’s stock.

Equifax Stock Down 0.2%

Equifax stock opened at $188.03 on Wednesday. The firm has a market cap of $22.00 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 1.93 and a beta of 1.27. The stock has a fifty day simple moving average of $166.18 and a two-hundred day simple moving average of $176.54. Equifax, Inc. has a 12 month low of $137.01 and a 12 month high of $228.67. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.12.

Equifax (NYSE:EFX – Get Free Report) last posted its earnings results on Tuesday, October 20th. The credit services provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.06. Equifax had a net margin of 11.27% and a return on equity of 22.48%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the business earned $2.04 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts predict that Equifax, Inc. will post 8.50 EPS for the current fiscal year.

Equifax Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 25th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, November 25th. Equifax’s dividend payout ratio (DPR) is presently 36.19%.

About Equifax

(Free Report)

Equifax Inc. is a global data, analytics and technology company best known as one of the major consumer credit reporting agencies in the United States. The company traces its history to 1899, when it was founded as the Retail Credit Company, and adopted the Equifax name in 1975. Equifax provides consumer and business credit information, credit reports and scores, and tools for identity verification and fraud prevention. Its products also help businesses assess risk and make decisions about lending, customer relationships and marketing.

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Institutional Ownership by Quarter for Equifax (NYSE:EFX)

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