Timessquare Capital Management Lowers stake in Equifax (EFX)

Equifax (EFX) : Timessquare Capital Management reduced its stake in Equifax by 0.08% during the most recent quarter end. The investment management company now holds a total of 2,004,650 shares of Equifax which is valued at $245.8 Million after selling 1,670 shares in Equifax , the firm said in a disclosure report filed with the SEC on May 11, 2016.Equifax makes up approximately 1.60% of Timessquare Capital Management’s portfolio.

Other Hedge Funds, Including , Gsa Capital Partners Llp boosted its stake in EFX in the latest quarter, The investment management firm added 6,219 additional shares and now holds a total of 15,190 shares of Equifax which is valued at $1.9 Million. Equifax makes up approx 0.12% of Gsa Capital Partners Llp’s portfolio. Carderock Capital Management Inc added EFX to its portfolio by purchasing 12,494 company shares during the most recent quarter which is valued at $1.5 Million. Equifax makes up approx 0.78% of Carderock Capital Management Inc’s portfolio.Commonwealth Equity Services Inc boosted its stake in EFX in the latest quarter, The investment management firm added 589 additional shares and now holds a total of 8,122 shares of Equifax which is valued at $976,671. Equifax makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.

Equifax opened for trading at $122.44 and hit $124.08 on the upside on Monday, eventually ending the session at $123.69, with a gain of 0.90% or 1.1 points. The heightened volatility saw the trading volume jump to 7,46,473 shares. Company has a market cap of $14,721 M.

On the company’s financial health, Equifax reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $1.15. The company had revenue of $728.30 million for the quarter, compared to analysts expectations of $696.57 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.

Investors should note that on May 5, 2016, Equifax announced a cash dividend of $0.3300. The company’s management has announced May 23, 2016 as the ex-dividend date and fixed the record date on May 25, 2016. The payable date has been fixed on Jun 15, 2016.

Many Wall Street Analysts have commented on Equifax. Equifax was Initiated by Jefferies to “Hold” on May 9, 2016. Company shares were Reiterated by Barclays on Apr 29, 2016 to “Overweight”, Firm has raised the Price Target to $ 135 from a previous price target of $125 .Company shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 126 from a previous price target of $125 .

Equifax Inc. is a global provider of information solutions and human resources business process outsourcing services for businesses governments and consumers. The Company’s products and services are based on databases of consumer and business information derived from numerous types of credit financial assets telecommunications and utility payment employment income public record demographic and marketing data. It provides information technology and services to support debt collections and recovery management. In addition it is also a provider of payroll-related and human resource management business process outsourcing services in the United States of America. The Company’s clients include financial institutions corporations governments and individuals. The Company has four operating segments which include U.S. Information Solutions (USIS) International Workforce Solutions and North America Personal Solutions.

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