Norges Bank Invests $197.99 Million in Equifax Inc. (NYSE:EFX)


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Norges Bank purchased a new position in shares of Equifax Inc. (NYSE:EFX) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,026,709 shares of the credit services provider’s stock, valued at approximately $197,991,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vantage Consulting Group Inc purchased a new position in shares of Equifax during the fourth quarter worth $33,000. Regent Peak Wealth Advisors LLC acquired a new stake in Equifax in the fourth quarter valued at $56,000. Newfound Research LLC acquired a new stake in Equifax in the fourth quarter valued at $62,000. Perigon Wealth Management LLC acquired a new stake in shares of Equifax during the fourth quarter worth about $69,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Equifax during the fourth quarter worth about $82,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

NYSE EFX opened at $181.59 on Thursday. Equifax Inc. has a 1 year low of $115.68 and a 1 year high of $196.47. The firm has a market capitalization of $22.12 billion, a P/E ratio of 50.58, a price-to-earnings-growth ratio of 2.23 and a beta of 1.32. The firm’s fifty day moving average price is $174.45 and its two-hundred day moving average price is $171.81. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.10.

Equifax (NYSE:EFX) last issued its quarterly earnings data on Wednesday, February 10th. The credit services provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. Equifax had a net margin of 11.29% and a return on equity of 29.20%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the business earned $1.53 EPS. On average, research analysts anticipate that Equifax Inc. will post 6.68 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, February 22nd were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 19th. This represents a $1.56 annualized dividend and a yield of 0.86%. Equifax’s payout ratio is currently 27.76%.

EFX has been the subject of a number of research reports. Stifel Nicolaus upgraded shares of Equifax from a “hold” rating to a “buy” rating and set a $240.00 price target for the company in a research report on Friday, December 11th. They noted that the move was a valuation call. Needham & Company LLC upped their price objective on shares of Equifax from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 11th. TheStreet cut shares of Equifax from a “b” rating to a “c+” rating in a research report on Wednesday, February 10th. Atlantic Securities upgraded shares of Equifax from a “neutral” rating to an “overweight” rating and set a $228.00 target price for the company in a research report on Tuesday, December 15th. Finally, Morgan Stanley raised their price target on shares of Equifax from $184.00 to $201.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 6th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $182.43.

Equifax Company Profile

Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), Workforce Solutions, International, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage services; financial marketing; and identity management services.

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Institutional Ownership by Quarter for Equifax (NYSE:EFX)

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