Equifax (NYSE:EFX) Given New $283.00 Price Target at JPMorgan Chase & Co.

Equifax (NYSE:EFX) had its price objective trimmed by JPMorgan Chase & Co. from $304.00 to $283.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the credit services provider’s stock.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company reissued a “buy” rating on shares of Equifax in a research report on Friday, October 18th. BNP Paribas raised shares of Equifax from an “underperform” rating to a “neutral” rating and set a $310.00 price target for the company in a research report on Thursday, September 19th. Citigroup raised their price target 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. The Goldman Sachs Group raised their price target 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, Oppenheimer decreased their price target on shares of Equifax from $315.00 to $286.00 and set an “outperform” rating for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $306.74.

Equifax Stock Performance

Shares of EFX stock opened at $253.58 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The company’s fifty day moving average price is $277.59 and its two-hundred day moving average price is $267.73. The firm has a market capitalization of $31.43 billion, a P/E ratio of 56.35, a P/E/G ratio of 2.31 and a beta of 1.59. Equifax has a 12 month low of $208.67 and a 12 month high of $309.63.

Equifax (NYSE:EFX) last released its quarterly earnings results on Wednesday, October 16th. The credit services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.84 by $0.01. Equifax had a return on equity of 18.56% and a net margin of 10.07%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the firm posted $1.76 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. On average, research analysts anticipate that Equifax will post 7.28 earnings per share for the current fiscal year.

Equifax Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Friday, November 22nd. Equifax’s payout ratio is 34.67%.

Insider Buying and Selling at Equifax

In other Equifax news, CEO Mark W. Begor sold 58,304 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $270.49, for a total value of $15,770,648.96. Following the sale, the chief executive officer now directly owns 109,183 shares in the company, valued at approximately $29,532,909.67. This trade represents a 34.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John J. Kelley III sold 1,000 shares of Equifax stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $272.92, for a total transaction of $272,920.00. Following the sale, the executive vice president now owns 11,269 shares in the company, valued at approximately $3,075,535.48. This represents a 8.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Equifax

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Anchor Investment Management LLC bought a new stake in shares of Equifax during the third quarter valued at about $95,000. Virtu Financial LLC bought a new stake in shares of Equifax during the third quarter valued at about $2,797,000. Toronto Dominion Bank raised its stake in shares of Equifax by 23.4% during the third quarter. Toronto Dominion Bank now owns 44,626 shares of the credit services provider’s stock valued at $13,114,000 after purchasing an additional 8,467 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Equifax by 64.0% during the third quarter. Coldstream Capital Management Inc. now owns 1,865 shares of the credit services provider’s stock valued at $540,000 after purchasing an additional 728 shares in the last quarter. Finally, Ashford Capital Management Inc. bought a new stake in shares of Equifax during the third quarter valued at about $1,790,000. 96.20% of the stock is currently owned by institutional investors.

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.