Employees Retirement System of Texas reduced its stake in Equifax Inc. (NYSE:EFX) by 9.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 40,000 shares of the credit services provider’s stock after selling 4,400 shares during the period. Employees Retirement System of Texas’ holdings in Equifax were worth $4,717,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in EFX. Capital International Investors purchased a new position in Equifax in the 3rd quarter worth approximately $513,940,000. Iridian Asset Management LLC CT purchased a new position in Equifax in the 4th quarter worth approximately $104,558,000. Artemis Investment Management LLP increased its stake in Equifax by 478.6% in the 3rd quarter. Artemis Investment Management LLP now owns 703,006 shares of the credit services provider’s stock worth $74,505,000 after purchasing an additional 581,509 shares during the period. Meritage Group LP purchased a new position in Equifax in the 3rd quarter worth approximately $50,723,000. Finally, Platinum Investment Management Ltd. purchased a new position in Equifax in the 3rd quarter worth approximately $49,189,000. 89.68% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have commented on the company. Goldman Sachs Group assumed coverage on Equifax in a research note on Wednesday, November 8th. They issued a “neutral” rating and a $116.00 price target on the stock. Royal Bank of Canada lifted their price target on Equifax to $126.00 and gave the stock a “sector perform” rating in a research note on Friday, January 19th. Barclays cut Equifax from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $115.00 to $128.00 in a research note on Thursday, December 14th. Stifel Nicolaus cut Equifax from a “buy” rating to a “hold” rating and decreased their price target for the stock from $149.00 to $115.00 in a research note on Monday, November 13th. Finally, Morgan Stanley lifted their price objective on Equifax from $112.00 to $119.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Equifax presently has a consensus rating of “Hold” and an average price target of $128.07.
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.
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