Norden Group LLC Invests $1.77 Million in Equifax Inc. (NYSE:EFX)

Norden Group LLC acquired a new position in shares of Equifax Inc. (NYSE:EFX) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,604 shares of the credit services provider’s stock, valued at approximately $1,767,000.

A number of other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of Equifax by 2.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,838 shares of the credit services provider’s stock worth $455,000 after purchasing an additional 40 shares during the period. DAVENPORT & Co LLC increased its holdings in Equifax by 2.4% in the 4th quarter. DAVENPORT & Co LLC now owns 2,022 shares of the credit services provider’s stock worth $500,000 after acquiring an additional 48 shares during the last quarter. Ballentine Partners LLC grew its holdings in Equifax by 5.1% during the 1st quarter. Ballentine Partners LLC now owns 1,038 shares of the credit services provider’s stock valued at $278,000 after buying an additional 50 shares in the last quarter. Greenleaf Trust grew its holdings in Equifax by 4.2% during the 4th quarter. Greenleaf Trust now owns 1,507 shares of the credit services provider’s stock valued at $373,000 after buying an additional 61 shares in the last quarter. Finally, Concord Wealth Partners grew its holdings in Equifax by 8.8% during the 4th quarter. Concord Wealth Partners now owns 793 shares of the credit services provider’s stock valued at $196,000 after buying an additional 64 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EFX shares. Bank of America reduced their target price on Equifax from $300.00 to $255.00 and set a “buy” rating for the company in a report on Friday, April 19th. JPMorgan Chase & Co. cut their price objective on Equifax from $290.00 to $273.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Needham & Company LLC reissued a “buy” rating and set a $305.00 price objective on shares of Equifax in a report on Thursday, April 18th. Oppenheimer dropped their target price on Equifax from $291.00 to $272.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Finally, Robert W. Baird dropped their target price on Equifax from $275.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Equifax has an average rating of “Moderate Buy” and a consensus price target of $270.19.

Insider Activity

In other Equifax news, Director Karen L. Fichuk bought 415 shares of Equifax stock in a transaction dated Thursday, May 9th. The shares were purchased at an average cost of $238.77 per share, with a total value of $99,089.55. Following the completion of the purchase, the director now owns 3,305 shares of the company’s stock, valued at $789,134.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Karen L. Fichuk purchased 415 shares of Equifax stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average cost of $238.77 per share, with a total value of $99,089.55. Following the completion of the purchase, the director now directly owns 3,305 shares in the company, valued at $789,134.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Carla Chaney sold 5,178 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $238.63, for a total value of $1,235,626.14. Following the completion of the sale, the executive vice president now directly owns 16,884 shares in the company, valued at $4,029,028.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,635 shares of company stock valued at $18,969,282. Company insiders own 1.66% of the company’s stock.

Equifax Stock Performance

Shares of EFX stock opened at $240.41 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.73 and a current ratio of 0.73. Equifax Inc. has a fifty-two week low of $159.95 and a fifty-two week high of $275.10. The stock has a 50 day moving average price of $237.47 and a two-hundred day moving average price of $246.31. The company has a market capitalization of $29.72 billion, a P/E ratio of 53.54, a PEG ratio of 1.67 and a beta of 1.56.

Equifax (NYSE:EFX) last posted its earnings results on Thursday, April 18th. The credit services provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.06. Equifax had a return on equity of 19.08% and a net margin of 10.42%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. Analysts expect that Equifax Inc. will post 7.37 earnings per share for the current year.

Equifax Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Friday, May 24th were paid a dividend of $0.39 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.56 annualized dividend and a dividend yield of 0.65%. Equifax’s dividend payout ratio (DPR) is presently 34.74%.

Equifax Company Profile

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.