Shares of Equifax Inc. (NYSE: EFX) jumped 5.2% during the mid-day Friday session after Morgan Stanley raised its target price on the share from $ 253.00 to 255 , $ 00. Morgan Stanley currently has an equal weight rating on the stock. Equifax traded as high as $ 268.85 and last traded at $ 268.85. 18,287 shares were traded at midday, a decrease of 97% from the average session volume of 689,827 shares. The stock previously closed at $ 255.47.
Other analysts have also recently published reports on the stock. Needham & Company LLC raised its target price for Equifax shares from $ 288.00 to $ 295.00 and assigned a “buy” rating to the stock in a report released Thursday, October 14. Royal Bank of Canada increased its target price for Equifax shares from $ 259.00 to $ 270.00 and assigned the stock a “sector performance” rating in a report released Thursday, July 22. Goldman Sachs raised its target price for Equifax shares from $ 241.00 to $ 267.00 and rated the stock “neutral” in a report released on Friday, July 23. Evercore ISI assumed coverage of Equifax shares in a research report on Thursday, October 14. They established an “outperformance” rating for the company. Finally, Zacks Investment Research downgraded Equifax shares from a “buy” rating to a “hold” rating and set a price target of $ 270.00 for the company. in a research report on Monday, October 4. Six research analysts rated the stock with a conservation rating and seven issued a buy rating for the company. Based on data from MarketBeat, Equifax currently has an average rating of “Buy” and an average price target of $ 243.63.
In other Equifax news, insider Prasanna Dhore sold 2,001 shares of the company in a trade dated Wednesday, August 4. The shares were sold at an average price of $ 257.49, for a total trade of $ 515,237.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible through this link. 1.03% of the shares are currently held by company insiders.
A number of hedge funds have recently changed their positions on EFX. CSat Investment Advisory LP increased its holdings of Equifax shares by 70.6% during the first quarter. CSat Investment Advisory LP now owns 232 shares of the credit services provider valued at $ 42,000 after acquiring 96 additional shares during the period. Point72 Hong Kong Ltd increased its position in Equifax by 199.4% in the first quarter. Point72 Hong Kong Ltd. now owns 317 shares of the credit service provider valued at $ 57,000 after purchasing an additional 636 shares during the period. Ameritas Investment Company LLC acquired a new equity interest in Equifax in the first quarter valued at approximately $ 62,000. Penserra Capital Management LLC increased its position in Equifax by 31.8% in the first quarter. Penserra Capital Management LLC now owns 365 shares of the credit service provider valued at $ 65,000 after purchasing 88 additional shares during the period. Finally, Koshinski Asset Management Inc. acquired a new position in Equifax shares during the 3rd quarter valued at approximately $ 82,000. Institutional investors hold 90.80% of the shares of the company.
The company has a market cap of $ 32.83 billion, a price-to-earnings ratio of 44.56, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43. The company has a 50-day moving average price of $ 264.16 and a 200-day moving average price of $ 243.50. The company has a leverage ratio of 0.94, a quick ratio of 0.71, and a current ratio of 0.71.
Equifax (NYSE: EFX) last released its results on Tuesday, October 19. The credit services provider reported earnings per share (EPS) of $ 1.85 for the quarter, beating Thomson Reuters consensus estimate of $ 1.72 by $ 0.13. The company posted revenue of $ 1.22 billion in the quarter, compared to analyst estimates of $ 1.18 billion. Equifax had a return on equity of 29.57% and a net margin of 15.44%. The company’s revenue for the quarter increased 14.5% compared to the same quarter last year. During the same period of the previous year, the company earned $ 1.87 per share. As a group, sell-side analysts predict that Equifax Inc. will post earnings per share of 7.45 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 17. Shareholders of record on Tuesday, September 7 received a dividend of $ 0.39 per share. The ex-dividend date of this dividend was Friday September 3. This represents an annualized dividend of $ 1.56 and a dividend yield of 0.58%. Equifax’s payout ratio is currently 22.38%.
Equifax Company Profile (NYSE: EFX)
Equifax, Inc. is committed to providing information solutions and human resource business process outsourcing services. It operates through the following business segments: US Information Solutions, Workforce Solutions, International and Global Consumer Solutions. The Information Solutions segment in the United States includes business and commercial information services, mortgage origination information, financial marketing services and identity management.
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