Forsta AP Fonden Increases Stake in Equifax Inc. (NYSE:EFX)

Forsta AP Fonden boosted its position in shares of Equifax Inc. (NYSE:EFX) by 36.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,700 shares of the credit services provider’s stock after purchasing an additional 7,900 shares during the quarter. Forsta AP Fonden’s holdings in Equifax were worth $7,527,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. First Horizon Advisors Inc. boosted its holdings in shares of Equifax by 208.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 105 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of Equifax during the 3rd quarter valued at about $82,000. Heritage Wealth Management LLC boosted its holdings in shares of Equifax by 41.8% during the 2nd quarter. Heritage Wealth Management LLC now owns 794 shares of the credit services provider’s stock valued at $190,000 after acquiring an additional 234 shares during the last quarter. Ellevest Inc. boosted its holdings in shares of Equifax by 17.8% during the 3rd quarter. Ellevest Inc. now owns 775 shares of the credit services provider’s stock valued at $196,000 after acquiring an additional 117 shares during the last quarter. Finally, Citizens Financial Group Inc RI purchased a new stake in shares of Equifax during the 3rd quarter valued at about $203,000. 90.84% of the stock is currently owned by institutional investors.

Equifax stock opened at $249.50 on Friday. The stock has a market cap of $30.44 billion, a P/E ratio of 44.16 and a beta of 1.43. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.53 and a quick ratio of 1.53. Equifax Inc. has a 1 year low of $161.87 and a 1 year high of $300.11. The firm’s 50 day moving average price is $282.73 and its 200-day moving average price is $268.80.

Equifax (NYSE:EFX) last posted its earnings results on Tuesday, October 19th. The credit services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.13. Equifax had a net margin of 14.55% and a return on equity of 28.24%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the firm posted $1.87 earnings per share. Equifax’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, equities analysts expect that Equifax Inc. will post 7.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 15th. Investors of record on Wednesday, November 24th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Tuesday, November 23rd. Equifax’s dividend payout ratio (DPR) is presently 27.61%.

Several equities analysts have recently weighed in on the stock. Evercore ISI assumed coverage on shares of Equifax in a research note on Thursday, October 14th. They issued an “outperform” rating on the stock. BNP Paribas cut shares of Equifax from an “outperform” rating to a “neutral” rating and set a $290.00 price objective on the stock. in a research note on Monday, November 22nd. Exane BNP Paribas cut shares of Equifax from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $296.06 to $290.00 in a research note on Monday, November 22nd. Truist increased their price objective on shares of Equifax from $235.00 to $245.00 and gave the stock a “hold” rating in a research note on Friday, October 22nd. Finally, Morgan Stanley upgraded shares of Equifax from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $264.00 to $325.00 in a research note on Wednesday, January 5th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $267.23.

About Equifax

Equifax, Inc engages in the provision of information solutions and human resources business process outsourcing services. It operates through the following business segments: U.S. Information Solutions, Workforce Solutions, International, and Global Consumer Solutions. The U.S. Information Solutions segment includes consumer and commercial information services, mortgage loan origination information, financial marketing services, and identity management.

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Institutional Ownership by Quarter for Equifax (NYSE:EFX)

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