Dynamic Technology Lab Private Ltd Acquires New Holdings in Equifax Inc. (NYSE:EFX)

Dynamic Technology Lab Private Ltd bought a new position in shares of Equifax Inc. (NYSE:EFX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,487 shares of the credit services provider’s stock, valued at approximately $4,845,000. Equifax comprises about 0.5% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 13th biggest position.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Equifax during the 3rd quarter worth $29,000. EntryPoint Capital LLC bought a new stake in shares of Equifax during the first quarter worth about $30,000. Tortoise Investment Management LLC increased its stake in shares of Equifax by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 125 shares of the credit services provider’s stock valued at $30,000 after buying an additional 54 shares during the period. Mascoma Wealth Management LLC bought a new position in Equifax in the 2nd quarter valued at approximately $30,000. Finally, Crewe Advisors LLC grew its holdings in Equifax by 138.2% during the 2nd quarter. Crewe Advisors LLC now owns 131 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 76 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Equifax Stock Up 0.3 %

Shares of NYSE:EFX opened at $253.58 on Monday. The firm has a market cap of $31.43 billion, a P/E ratio of 56.35, a PEG ratio of 3.15 and a beta of 1.59. Equifax Inc. has a 52-week low of $208.67 and a 52-week high of $309.63. The business’s 50 day simple moving average is $277.59 and its two-hundred day simple moving average is $268.19. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

Equifax (NYSE:EFX) last issued its earnings results on Wednesday, October 16th. The credit services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Equifax had a return on equity of 18.56% and a net margin of 10.07%. Equifax’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $1.76 EPS. As a group, research analysts forecast that Equifax Inc. will post 7.28 EPS for the current fiscal year.

Equifax Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, November 22nd. Equifax’s payout ratio is presently 34.67%.

Analysts Set New Price Targets

A number of brokerages have recently commented on EFX. Robert W. Baird lifted their price target on shares of Equifax from $290.00 to $333.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Morgan Stanley lifted their target price on Equifax from $250.00 to $271.00 and gave the stock an “equal weight” rating in a report on Thursday, September 12th. Barclays upped their price target on Equifax from $300.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. UBS Group assumed coverage on Equifax in a research report on Tuesday, October 1st. They set a “buy” rating and a $360.00 price objective for the company. Finally, The Goldman Sachs Group lifted their price objective on Equifax from $277.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Equifax has a consensus rating of “Moderate Buy” and a consensus target price of $306.74.

Insider Buying and Selling

In related news, EVP John J. Kelley III sold 1,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $272.92, for a total transaction of $272,920.00. Following the completion of the sale, the executive vice president now owns 11,269 shares in the company, valued at approximately $3,075,535.48. This represents a 8.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark W. Begor sold 58,304 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $270.49, for a total value of $15,770,648.96. Following the transaction, the chief executive officer now owns 109,183 shares in the company, valued at approximately $29,532,909.67. This trade represents a 34.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.66% of the stock is currently owned by company insiders.

Equifax Profile

Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship.