Yoder Wealth Management Inc. Makes New Investment in Equifax Inc. (NYSE:EFX)

by · The Cerbat Gem

Yoder Wealth Management Inc. bought a new stake in Equifax Inc. (NYSE:EFX – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 791 shares of the credit services provider’s stock, valued at approximately $232,000.

A number of other hedge funds have also made changes to their positions in the business. Capital International Investors raised its stake in shares of Equifax by 2.5% in the 1st quarter. Capital International Investors now owns 14,045,398 shares of the credit services provider’s stock valued at $3,757,425,000 after acquiring an additional 342,170 shares during the period. Vanguard Group Inc. raised its stake in shares of Equifax by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 14,033,448 shares of the credit services provider’s stock valued at $3,754,228,000 after acquiring an additional 137,961 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Equifax by 4.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,276,798 shares of the credit services provider’s stock valued at $1,036,952,000 after acquiring an additional 200,665 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Equifax by 2.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,044,561 shares of the credit services provider’s stock worth $738,184,000 after buying an additional 70,091 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Equifax by 72.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,514,093 shares of the credit services provider’s stock worth $405,051,000 after buying an additional 633,887 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Insider Activity at Equifax

In related news, EVP Carla Chaney sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $281.85, for a total transaction of $845,550.00. Following the completion of the sale, the executive vice president now directly owns 10,875 shares of the company’s stock, valued at $3,065,118.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EFX shares. UBS Group started coverage on shares of Equifax in a research note on Tuesday, October 1st. They set a “buy” rating and a $360.00 price target on the stock. Robert W. Baird boosted their target price on shares of Equifax from $290.00 to $333.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Citigroup boosted their target price 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. Wolfe Research started coverage on shares of Equifax in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $275.00 target price for the company. Finally, Barclays boosted their target price on shares of Equifax from $300.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $310.47.

Read Our Latest Stock Report on EFX

Equifax Price Performance

Shares of NYSE:EFX traded up $1.66 during trading on Thursday, reaching $273.42. The company had a trading volume of 191,356 shares, compared to its average volume of 848,416. The firm’s fifty day moving average is $293.89 and its 200 day moving average is $263.38. The firm has a market capitalization of $33.80 billion, a PE ratio of 60.53, a price-to-earnings-growth ratio of 2.00 and a beta of 1.58. Equifax Inc. has a twelve month low of $159.95 and a twelve month high of $309.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.79 and a current ratio of 0.79.

Equifax (NYSE:EFX – Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The credit services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. Equifax had a net margin of 10.67% and a return on equity of 18.88%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.76 EPS. On average, equities analysts forecast that Equifax Inc. will post 7.36 EPS for the current year.

Equifax Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.57%. The ex-dividend date was Tuesday, September 3rd. Equifax’s dividend payout ratio is presently 34.74%.

Equifax Company Profile

(Free Report)

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.

Recommended Stories