Equifax (NYSE:EFX) Given New $313.00 Price Target at Wells Fargo & Company

Equifax (NYSE:EFX) had its target price trimmed by Wells Fargo & Company from $321.00 to $313.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the credit services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. Needham & Company LLC reissued a “buy” rating and set a $350.00 target price on shares of Equifax in a research note on Monday, October 28th. Stifel Nicolaus cut their price objective on Equifax from $305.00 to $284.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. BNP Paribas raised shares of Equifax from a “neutral” rating to an “outperform” rating and set a $305.00 target price on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. dropped their price target on shares of Equifax from $304.00 to $283.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Finally, Wolfe Research lowered shares of Equifax from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Equifax presently has a consensus rating of “Moderate Buy” and an average target price of $310.41.

Equifax Stock Performance

Equifax stock opened at $267.54 on Monday. The firm has a 50 day simple moving average of $261.32 and a 200-day simple moving average of $275.08. The stock has a market cap of $33.16 billion, a price-to-earnings ratio of 59.45, a price-to-earnings-growth ratio of 2.84 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Equifax has a 1-year low of $213.02 and a 1-year high of $309.63.

Equifax Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.56 dividend on an annualized basis and a yield of 0.58%. Equifax’s dividend payout ratio is currently 34.67%.

Insiders Place Their Bets

In other news, EVP Lisa M. Nelson sold 551 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $260.39, for a total transaction of $143,474.89. Following the completion of the sale, the executive vice president now owns 11,697 shares in the company, valued at approximately $3,045,781.83. The trade was a 4.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.66% of the stock is owned by company insiders.

Institutional Trading of Equifax

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC raised its position in Equifax by 2.8% in the 3rd quarter. Barclays PLC now owns 184,890 shares of the credit services provider’s stock valued at $54,329,000 after purchasing an additional 5,097 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Equifax by 3.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,397 shares of the credit services provider’s stock worth $1,880,000 after acquiring an additional 231 shares during the period. Intech Investment Management LLC lifted its position in Equifax by 84.1% in the third quarter. Intech Investment Management LLC now owns 6,861 shares of the credit services provider’s stock valued at $2,016,000 after purchasing an additional 3,135 shares during the period. NS Partners Ltd boosted its holdings in Equifax by 2.3% in the 3rd quarter. NS Partners Ltd now owns 95,010 shares of the credit services provider’s stock valued at $27,920,000 after purchasing an additional 2,094 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Equifax during the 3rd quarter worth approximately $786,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

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.