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Oct 19, 2023

Barclays PLC Boosts Stake in Equifax Inc. (NYSE:EFX)

Barclays PLC raised its position in Equifax Inc. (NYSE:EFX - Free Report) by 22.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 344,971 shares of the credit services provider's stock after purchasing an additional 63,386 shares during the quarter. Barclays PLC owned 0.28% of Equifax worth $69,975,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EFX. Penserra Capital Management LLC grew its holdings in shares of Equifax by 8.5% in the fourth quarter. Penserra Capital Management LLC now owns 637 shares of the credit services provider's stock valued at $123,000 after purchasing an additional 50 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Equifax by 4.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,188 shares of the credit services provider's stock valued at $231,000 after acquiring an additional 50 shares in the last quarter. United Capital Financial Advisers LLC boosted its holdings in Equifax by 4.0% in the first quarter. United Capital Financial Advisers LLC now owns 1,411 shares of the credit services provider's stock valued at $334,000 after purchasing an additional 54 shares during the period. Pegasus Partners Ltd. grew its stake in Equifax by 1.0% during the 4th quarter. Pegasus Partners Ltd. now owns 5,349 shares of the credit services provider's stock worth $1,040,000 after purchasing an additional 55 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in Equifax by 25.8% during the 1st quarter. Lindbrook Capital LLC now owns 278 shares of the credit services provider's stock worth $56,000 after purchasing an additional 57 shares during the period. 97.43% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP James M. Griggs sold 250 shares of the company's stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $210.00, for a total value of $52,500.00. Following the completion of the sale, the senior vice president now owns 4,709 shares in the company, valued at $988,890. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP James M. Griggs sold 250 shares of the company's stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $210.00, for a total transaction of $52,500.00. Following the completion of the transaction, the senior vice president now directly owns 4,709 shares of the company's stock, valued at $988,890. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark W. Begor sold 7,000 shares of the company's stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $208.37, for a total value of $1,458,590.00. Following the transaction, the chief executive officer now directly owns 134,646 shares of the company's stock, valued at $28,056,187.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,180 shares of company stock valued at $6,059,630. Company insiders own 1.75% of the company's stock.

Shares of NYSE EFX opened at $202.20 on Wednesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $24.81 billion, a price-to-earnings ratio of 47.58, a P/E/G ratio of 2.05 and a beta of 1.45. The business's 50-day simple moving average is $221.96 and its 200-day simple moving average is $211.48. Equifax Inc. has a 52 week low of $145.98 and a 52 week high of $240.35.

Equifax (NYSE:EFX - Get Free Report) last announced its quarterly earnings data on Thursday, July 20th. The credit services provider reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.04. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Equifax had a return on equity of 19.67% and a net margin of 10.36%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $2.09 EPS. As a group, equities research analysts expect that Equifax Inc. will post 6.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th were paid a $0.39 dividend. The ex-dividend date was Wednesday, May 24th. This represents a $1.56 annualized dividend and a dividend yield of 0.77%. Equifax's dividend payout ratio (DPR) is currently 36.71%.

Several brokerages recently weighed in on EFX. StockNews.com raised shares of Equifax from a "sell" rating to a "hold" rating in a report on Monday, May 15th. Jefferies Financial Group raised their target price on shares of Equifax from $204.00 to $221.00 in a report on Monday, July 10th. Bank of America cut shares of Equifax from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $255.00 to $195.00 in a report on Monday, July 24th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Equifax from $214.00 to $212.00 and set a "hold" rating on the stock in a report on Friday, April 21st. Finally, Truist Financial cut their price objective on shares of Equifax from $260.00 to $250.00 and set a "buy" rating on the stock in a report on Friday, April 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $220.63.

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.

Want to see what other hedge funds are holding EFX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equifax Inc. (NYSE:EFX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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