Forum Financial Management LP Acquires New Stake in Equifax Inc. (NYSE:EFX)

Forum Financial Management LP bought a new position in Equifax Inc. (NYSE:EFX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 681 shares of the credit services provider’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Equifax by 9.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,348 shares of the credit services provider’s stock worth $4,908,000 after buying an additional 1,603 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Equifax by 8.8% during the first quarter. Janney Montgomery Scott LLC now owns 36,877 shares of the credit services provider’s stock valued at $9,865,000 after acquiring an additional 2,983 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Equifax by 14.6% during the first quarter. Nordea Investment Management AB now owns 10,922 shares of the credit services provider’s stock valued at $2,907,000 after acquiring an additional 1,390 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Equifax by 378.6% in the first quarter. Larson Financial Group LLC now owns 201 shares of the credit services provider’s stock valued at $54,000 after purchasing an additional 159 shares during the period. Finally, 9258 Wealth Management LLC bought a new position in Equifax in the first quarter worth approximately $207,000. 96.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Equifax

In other Equifax news, EVP John J. Kelley III sold 1,000 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $272.92, for a total transaction of $272,920.00. Following the sale, the executive vice president now directly owns 11,269 shares of the company’s stock, valued at approximately $3,075,535.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Equifax news, EVP John J. Kelley III sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $272.92, for a total value 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mark W. Begor sold 58,304 shares of Equifax stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $270.49, for a total transaction of $15,770,648.96. Following the transaction, the chief executive officer now directly owns 109,183 shares of the company’s stock, valued at approximately $29,532,909.67. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.66% of the company’s stock.

Equifax Stock Up 1.9 %

NYSE:EFX opened at $269.63 on Wednesday. The company’s 50 day moving average is $289.24 and its two-hundred day moving average is $264.82. The company has a market cap of $33.42 billion, a PE ratio of 59.26, a P/E/G ratio of 2.49 and a beta of 1.59. Equifax Inc. has a twelve month low of $179.13 and a twelve month high of $309.63. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, October 16th. The credit services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Equifax had a net margin of 10.07% and a return on equity of 18.56%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.76 earnings per share. Analysts anticipate that Equifax Inc. will post 7.29 EPS for the current year.

Equifax Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Tuesday, September 3rd. Equifax’s dividend payout ratio is presently 34.67%.

Analyst Upgrades and Downgrades

EFX has been the subject of several research reports. Bank of America upped their target price on Equifax from $255.00 to $286.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Stifel Nicolaus increased their target price on shares of Equifax from $265.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Morgan Stanley boosted their price target on shares of Equifax from $250.00 to $271.00 and gave the company an “equal weight” rating in a report on Thursday, September 12th. Wolfe Research assumed coverage on shares of Equifax in a research note on Tuesday, July 9th. They set an “outperform” rating and a $275.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $350.00 target price on shares of Equifax in a report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Equifax has an average rating of “Moderate Buy” and a consensus target price of $310.47.

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.