State Treasurer State of Michigan cut its holdings in Equifax Inc. (NYSE:EFX) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,546 shares of the credit services provider’s stock after selling 1,300 shares during the period. State Treasurer State of Michigan’s holdings in Equifax were worth $3,217,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of EFX. Oppenheimer Asset Management Inc. acquired a new stake in shares of Equifax in the fourth quarter valued at approximately $34,000. Ipswich Investment Management Co. Inc. acquired a new position in Equifax during the fourth quarter worth $75,000. Enterprise Financial Services Corp acquired a new position in Equifax during the third quarter worth $114,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Equifax by 105.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,431 shares of the credit services provider’s stock worth $187,000 after buying an additional 735 shares during the last quarter. Finally, Federated Investors Inc. PA increased its holdings in Equifax by 270.3% during the third quarter. Federated Investors Inc. PA now owns 1,444 shares of the credit services provider’s stock worth $189,000 after buying an additional 1,054 shares during the last quarter. Institutional investors own 91.34% of the company’s stock.
A number of equities analysts recently weighed in on EFX shares. Deutsche Bank lowered their target price on shares of Equifax from $128.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, January 14th. Morgan Stanley set a $115.00 price objective on shares of Equifax and gave the stock a “hold” rating in a research report on Thursday, October 25th. Barclays reduced their price objective on shares of Equifax from $120.00 to $105.00 and set an “equal weight” rating for the company in a research report on Friday, October 26th. Bank of America began coverage on shares of Equifax in a research report on Tuesday, October 23rd. They set an “underperform” rating and a $123.00 price objective for the company. Finally, TD Securities reaffirmed an “average” rating on shares of Equifax in a research report on Monday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $119.90.
EFX stock traded up $0.55 during midday trading on Monday, reaching $107.43. 11,651 shares of the company were exchanged, compared to its average volume of 1,040,846. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 2.55 and a beta of 1.20. Equifax Inc. has a one year low of $88.68 and a one year high of $138.69. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.19 and a quick ratio of 1.19.
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), International, Workforce Solutions, 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 loan origination information; financial marketing; and identity management services.
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