Parsec Financial Management Inc. raised its stake in Equifax, Inc. (NYSE:EFX) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,391 shares of the credit services provider’s stock after buying an additional 3,622 shares during the period. Equifax makes up about 1.4% of Parsec Financial Management Inc.’s investment portfolio, making the stock its 18th largest position. Parsec Financial Management Inc.’s holdings in Equifax were worth $18,056,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its position in Equifax by 1,540.8% in the first quarter. BlackRock Inc. now owns 9,280,680 shares of the credit services provider’s stock valued at $1,269,041,000 after buying an additional 8,715,062 shares during the last quarter. William Blair Investment Management LLC increased its position in Equifax by 99.4% in the first quarter. William Blair Investment Management LLC now owns 1,305,063 shares of the credit services provider’s stock valued at $178,454,000 after buying an additional 650,550 shares during the last quarter. Vanguard Group Inc. increased its position in Equifax by 3.4% in the first quarter. Vanguard Group Inc. now owns 11,433,584 shares of the credit services provider’s stock valued at $1,563,429,000 after buying an additional 373,774 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in Equifax during the first quarter valued at approximately $39,675,000. Finally, Cantillon Capital Management LLC increased its position in Equifax by 56.4% in the first quarter. Cantillon Capital Management LLC now owns 789,919 shares of the credit services provider’s stock valued at $108,013,000 after buying an additional 284,929 shares during the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.
Equifax (NYSE:EFX) last issued its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.03. The company had revenue of $856.70 million for the quarter, compared to analysts’ expectations of $860.48 million. Equifax had a net margin of 17.44% and a return on equity of 24.88%. Equifax’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 EPS.
ILLEGAL ACTIVITY WARNING: “Parsec Financial Management Inc. Has $18.06 Million Stake in Equifax, Inc. (NYSE:EFX)” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://stocknewstimes.com/2017/07/31/parsec-financial-management-inc-has-18-06-million-stake-in-equifax-inc-nyseefx.html.
Several equities research analysts have recently issued reports on EFX shares. Stephens downgraded Equifax from an “overweight” rating to an “equal weight” rating in a research report on Friday, April 28th. BidaskClub raised Equifax from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Argus started coverage on Equifax in a research report on Tuesday, June 13th. They issued a “buy” rating and a $166.00 price target on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $144.00 price target (up from $142.00) on shares of Equifax in a research report on Tuesday, July 18th. Finally, Zacks Investment Research downgraded Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $144.25.
In other news, CFO John W. Gamble, Jr. sold 14,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $136.44, for a total value of $1,910,160.00. Following the sale, the chief financial officer now directly owns 48,578 shares of the company’s stock, valued at approximately $6,627,982.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.29% of the stock is currently owned by corporate insiders.
Equifax Company Profile
Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.
Want to see what other hedge funds are holding EFX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equifax, Inc. (NYSE:EFX).
Receive News & Ratings for Equifax Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equifax Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
