Pictet Asset Management SA Increases Stake in Equifax Inc. (NYSE:EFX)

Pictet Asset Management SA grew its position in Equifax Inc. (NYSE:EFXGet Rating) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,262,683 shares of the credit services provider’s stock after acquiring an additional 189,970 shares during the quarter. Pictet Asset Management SA owned about 1.03% of Equifax worth $369,701,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its holdings in shares of Equifax by 208.8% in the third quarter. First Horizon Advisors Inc. now owns 105 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Equitec Proprietary Markets LLC bought a new position in shares of Equifax in the fourth quarter worth about $29,000. Liberty Wealth Management LLC grew its holdings in shares of Equifax by 1,514.3% in the third quarter. Liberty Wealth Management LLC now owns 113 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 106 shares during the last quarter. Addison Advisors LLC bought a new position in shares of Equifax in the fourth quarter worth about $34,000. Finally, CVA Family Office LLC bought a new position in shares of Equifax in the fourth quarter worth about $37,000. 90.92% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Mark W. Begor sold 15,000 shares of Equifax stock in a transaction on Wednesday, April 27th. The shares were sold at an average price of $204.74, for a total value of $3,071,100.00. Following the sale, the chief executive officer now owns 43,692 shares of the company’s stock, valued at approximately $8,945,500.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sid Singh sold 19,222 shares of Equifax stock in a transaction on Friday, February 25th. The shares were sold at an average price of $215.93, for a total transaction of $4,150,606.46. The disclosure for this sale can be found here. 1.57% of the stock is owned by insiders.

A number of research analysts have recently commented on the stock. StockNews.com began coverage on shares of Equifax in a report on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet upgraded shares of Equifax from a “c+” rating to a “b-” rating in a report on Wednesday, April 27th. Robert W. Baird upgraded shares of Equifax from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from $290.00 to $281.00 in a report on Monday, January 24th. Needham & Company LLC dropped their target price on shares of Equifax from $335.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, April 22nd. Finally, Morgan Stanley dropped their target price on shares of Equifax from $274.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, April 22nd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $260.54.

EFX traded up $1.10 during trading on Thursday, reaching $192.66. 1,311,852 shares of the company’s stock were exchanged, compared to its average volume of 1,176,322. Equifax Inc. has a 1 year low of $188.90 and a 1 year high of $300.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $23.57 billion, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 1.75 and a beta of 1.50. The company’s fifty day simple moving average is $221.40 and its 200-day simple moving average is $247.92.

Equifax (NYSE:EFXGet Rating) last posted its earnings results on Wednesday, April 20th. The credit services provider reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.07. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.32 billion. Equifax had a net margin of 15.06% and a return on equity of 26.93%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.97 EPS. Equities analysts forecast that Equifax Inc. will post 8.15 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, May 25th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, May 24th. Equifax’s dividend payout ratio (DPR) is 25.20%.

About Equifax (Get Rating)

Equifax Inc provides information solutions and human resources business process automation outsourcing services for businesses, governments, and consumers. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers employment, income, criminal history, and social security number verification services, as well as payroll-based transaction, employment tax management, and identity theft protection products.

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Institutional Ownership by Quarter for Equifax (NYSE:EFX)

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