SYSTM Wealth Solutions LLC Decreases Stock Holdings in Equifax Inc. (NYSE:EFX)

SYSTM Wealth Solutions LLC decreased its holdings in shares of Equifax Inc. (NYSE:EFX) by 44.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,792 shares of the credit services provider’s stock after selling 5,539 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Equifax were worth $1,647,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EFX. EntryPoint Capital LLC purchased a new stake in Equifax during the first quarter valued at $30,000. Tortoise Investment Management LLC increased its position in Equifax by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 125 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 54 shares during the last quarter. Mascoma Wealth Management LLC bought a new position in Equifax during the second quarter valued at $30,000. OFI Invest Asset Management bought a new position in Equifax during the first quarter valued at $31,000. Finally, Crewe Advisors LLC increased its position in Equifax by 138.2% during the second quarter. Crewe Advisors LLC now owns 131 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Equifax Stock Down 2.1 %

EFX stock opened at $297.83 on Wednesday. The firm has a 50 day moving average of $283.87 and a 200 day moving average of $258.34. The stock has a market capitalization of $36.82 billion, a PE ratio of 66.33, a price-to-earnings-growth ratio of 1.99 and a beta of 1.58. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.01. Equifax Inc. has a 52 week low of $159.95 and a 52 week high of $309.63.

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

Equifax Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Carla Chaney sold 3,000 shares of Equifax stock in a transaction that occurred on Wednesday, August 7th. The shares were 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 approximately $3,065,118.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EFX. Citigroup upped their price target on shares of Equifax from $263.00 to $304.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Wells Fargo & Company upgraded shares of Equifax to a “strong-buy” rating in a report on Tuesday, August 13th. Wolfe Research began coverage on shares of Equifax in a report on Tuesday, July 9th. They issued an “outperform” rating and a $275.00 price target on the stock. Oppenheimer upped their price target on shares of Equifax from $272.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of Equifax from $273.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Four 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’s stock. According to data from MarketBeat.com, Equifax presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.59.

Equifax 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.