Seven Eight Capital LP Has $371,000 Holdings in Equifax Inc. (NYSE:EFX)

Seven Eight Capital LP trimmed its position in shares of Equifax Inc. (NYSE:EFX) by 74.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,531 shares of the credit services provider’s stock after selling 4,397 shares during the quarter. Seven Eight Capital LP’s holdings in Equifax were worth $371,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital International Investors raised its holdings in Equifax by 2.5% during the first quarter. Capital International Investors now owns 14,045,398 shares of the credit services provider’s stock worth $3,757,425,000 after buying an additional 342,170 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 worth $3,754,228,000 after acquiring an additional 137,961 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in 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 in the last quarter. Generation Investment Management LLP boosted its stake in Equifax by 8.4% during the 4th quarter. Generation Investment Management LLP now owns 3,856,248 shares of the credit services provider’s stock valued at $953,612,000 after purchasing an additional 298,846 shares during the last quarter. Finally, Parnassus Investments LLC increased its holdings in Equifax by 1,740.8% during the 4th quarter. Parnassus Investments LLC now owns 2,085,879 shares of the credit services provider’s stock worth $515,817,000 after purchasing an additional 1,972,564 shares in the last quarter. 96.20% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Carla Chaney sold 3,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $281.85, for a total transaction of $845,550.00. Following the sale, the executive vice president now owns 10,875 shares of the company’s stock, valued at approximately $3,065,118.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.57% of the stock is owned by company insiders.

Equifax Stock Down 1.0 %

Shares of NYSE EFX opened at $299.09 on Monday. The business’s fifty day moving average price is $287.98 and its 200-day moving average price is $259.26. Equifax Inc. has a one year low of $159.95 and a one year high of $309.63. The stock has a market capitalization of $36.97 billion, a PE ratio of 66.61, a P/E/G ratio of 1.99 and a beta of 1.58. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.79 and a quick ratio of 0.79.

Equifax (NYSE:EFX) last issued its earnings results on Wednesday, July 17th. The credit services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.09. Equifax had a net margin of 10.67% and a return on equity of 18.88%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business earned $1.71 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Equifax Inc. will post 7.33 EPS for the current year.

Equifax Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Tuesday, September 3rd. Equifax’s payout ratio is currently 34.74%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EFX. The Goldman Sachs Group raised their target price on Equifax from $277.00 to $307.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Morgan Stanley lifted their price objective on shares of Equifax from $250.00 to $271.00 and gave the stock an “equal weight” rating in a report on Thursday, September 12th. Oppenheimer increased their target price on shares of Equifax from $272.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Robert W. Baird boosted their price target on shares of Equifax from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Finally, Citigroup increased their price objective on shares of Equifax from $263.00 to $304.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $302.06.

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.