Pictet Asset Management Ltd. Sells 3,000 Shares of Equifax Inc. (NYSE:EFX)

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Pictet Asset Management Ltd. cut its stake in Equifax Inc. (NYSE:EFX) by 5.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,246 shares of the credit services provider’s stock after selling 3,000 shares during the period. Pictet Asset Management Ltd.’s holdings in Equifax were worth $7,336,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. NuWave Investment Management LLC raised its stake in shares of Equifax by 933.3% in the 2nd quarter. NuWave Investment Management LLC now owns 186 shares of the credit services provider’s stock valued at $25,000 after buying an additional 168 shares in the last quarter. Rational Advisors LLC raised its stake in shares of Equifax by 933.3% in the 2nd quarter. Rational Advisors LLC now owns 186 shares of the credit services provider’s stock valued at $25,000 after buying an additional 168 shares in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Equifax by 36.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 304 shares of the credit services provider’s stock valued at $38,000 after buying an additional 81 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Equifax by 122.6% in the 2nd quarter. Advisory Services Network LLC now owns 345 shares of the credit services provider’s stock valued at $47,000 after buying an additional 190 shares in the last quarter. Finally, Cutler Group LP raised its stake in shares of Equifax by 138.1% in the 1st quarter. Cutler Group LP now owns 700 shares of the credit services provider’s stock valued at $82,000 after buying an additional 2,538 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

EFX has been the subject of a number of recent research reports. SunTrust Banks increased their price objective on shares of Equifax to $155.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Morgan Stanley increased their price objective on shares of Equifax from $115.00 to $129.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. ValuEngine upgraded shares of Equifax from a “hold” rating to a “buy” rating in a research note on Tuesday, May 28th. Stephens increased their price objective on shares of Equifax from $130.00 to $131.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, TD Securities upgraded shares of Equifax to a “buy” rating in a research note on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $130.09.

Shares of Equifax stock traded down $0.34 during mid-day trading on Monday, reaching $140.96. 6,662 shares of the stock were exchanged, compared to its average volume of 635,114. The company has a market cap of $17.02 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 2.91 and a beta of 1.24. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.09. The firm has a 50-day simple moving average of $142.59 and a 200 day simple moving average of $128.81. Equifax Inc. has a fifty-two week low of $88.68 and a fifty-two week high of $148.59.

Equifax (NYSE:EFX) last announced its earnings results on Wednesday, July 24th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.04. The business had revenue of $880.00 million during the quarter, compared to analysts’ expectations of $873.74 million. Equifax had a negative net margin of 12.52% and a positive return on equity of 22.63%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the company posted $1.56 EPS. On average, research analysts predict that Equifax Inc. will post 5.59 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, August 22nd. Equifax’s dividend payout ratio (DPR) is currently 26.94%.

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), 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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Institutional Ownership by Quarter for Equifax (NYSE:EFX)

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