Danica Pension Livsforsikringsaktieselskab bought a new stake in Equifax, Inc. (NYSE:EFX – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor bought 109,260 shares of the credit services provider’s stock, valued at approximately $17,342,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new position in shares of Equifax during the fourth quarter valued at $25,000. Ameriflex Group Inc. lifted its stake in Equifax by 612.5% in the 4th quarter. Ameriflex Group Inc. now owns 114 shares of the credit services provider’s stock worth $25,000 after acquiring an additional 98 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Equifax during the 4th quarter worth about $26,000. Reflection Asset Management purchased a new position in Equifax during the 4th quarter valued at about $26,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Equifax during the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 96.20% of the company’s stock.
Equifax Trading Up 2.8%
Equifax stock opened at $181.82 on Wednesday. Equifax, Inc. has a 52 week low of $150.74 and a 52 week high of $271.84. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $21.36 billion, a PE ratio of 31.95, a PEG ratio of 1.45 and a beta of 1.30. The business’s 50-day simple moving average is $170.38 and its 200-day simple moving average is $178.16.
Insider Buying and Selling at Equifax
In other news, CEO Mark W. Begor sold 37,791 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $172.16, for a total value of $6,506,098.56. Following the completion of the sale, the chief executive officer directly owned 271,890 shares of the company’s stock, valued at approximately $46,808,582.40. This represents a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.70% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Equifax from $243.00 to $225.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Royal Bank Of Canada lowered their price objective on shares of Equifax from $222.00 to $194.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. BNP Paribas Exane dropped their price objective on shares of Equifax from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, June 18th. Robert W. Baird cut their target price on shares of Equifax from $245.00 to $232.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Finally, UBS Group reissued a “buy” rating and set a $220.00 target price on shares of Equifax in a research note on Wednesday, July 8th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $215.79.
Check Out Our Latest Stock Report on EFX
Equifax Profile
Equifax Inc (NYSE: EFX) is a global data, analytics and technology company that specializes in consumer and commercial credit reporting, decisioning tools and identity solutions. Headquartered in Atlanta, Georgia, Equifax is one of the three major consumer credit reporting agencies in the United States and provides credit information and related services to lenders, employers, governments and consumers worldwide.
The company’s offerings include consumer credit reports and scores, credit monitoring and identity protection services, and a range of business-oriented products for risk management, fraud detection and compliance.
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