Edge Capital Group LLC Sells 39 Shares of Equifax Inc. (NYSE:EFX)

Edge Capital Group LLC reduced its stake in shares of Equifax Inc. (NYSE:EFX) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,158 shares of the credit services provider’s stock after selling 39 shares during the quarter. Edge Capital Group LLC’s holdings in Equifax were worth $281,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Conning Inc. lifted its position in shares of Equifax by 4.7% during the second quarter. Conning Inc. now owns 848 shares of the credit services provider’s stock valued at $206,000 after buying an additional 38 shares during the last quarter. Intech Investment Management LLC lifted its position in Equifax by 1.2% during the second quarter. Intech Investment Management LLC now owns 3,726 shares of the credit services provider’s stock valued at $903,000 after acquiring an additional 44 shares during the last quarter. Thompson Investment Management Inc. boosted its stake in Equifax by 0.3% in the second quarter. Thompson Investment Management Inc. now owns 15,464 shares of the credit services provider’s stock valued at $3,749,000 after acquiring an additional 45 shares in the last quarter. Ballentine Partners LLC boosted its stake in Equifax by 5.1% in the first quarter. Ballentine Partners LLC now owns 1,038 shares of the credit services provider’s stock valued at $278,000 after acquiring an additional 50 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in Equifax by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 125 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Carla Chaney sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $281.85, for a total value of $845,550.00. Following the completion of the sale, the executive vice president now directly owns 10,875 shares in the company, valued at $3,065,118.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.57% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EFX shares. Citigroup raised their price objective on Equifax from $263.00 to $304.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company upgraded Equifax to a “strong-buy” rating in a research note on Tuesday, August 13th. Oppenheimer increased their price objective on shares of Equifax from $272.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. The Goldman Sachs Group boosted their target price on shares of Equifax from $277.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Finally, Barclays raised their price target on shares of Equifax from $300.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Equifax has an average rating of “Moderate Buy” and an average target price of $302.06.

Equifax Price Performance

Shares of NYSE EFX opened at $299.09 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $36.97 billion, a price-to-earnings ratio of 66.61, a PEG ratio of 1.99 and a beta of 1.58. The firm’s 50 day simple moving average is $287.98 and its 200-day simple moving average is $259.26. Equifax Inc. has a 12 month low of $159.95 and a 12 month high of $309.63.

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

Equifax Dividend Announcement

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

About Equifax

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.