Northwest Investment Counselors Lowers stake in Equifax (EFX)

Equifax (EFX) : Northwest Investment Counselors reduced its stake in Equifax by 5.46% during the most recent quarter end. The investment management company now holds a total of 5,573 shares of Equifax which is valued at $644,852 after selling 322 shares in Equifax , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Equifax makes up approximately 0.36% of Northwest Investment Counselors’s portfolio.

Equifax opened for trading at $116.89 and hit $118.75 on the upside on Wednesday, eventually ending the session at $118.61, with a gain of 1.22% or 1.43 points. The heightened volatility saw the trading volume jump to 8,21,698 shares. Company has a market cap of $14,080 M.

Other Hedge Funds, Including , Meritage Portfolio Management reduced its stake in EFX by selling 750 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 65,398 shares of EFX which is valued at $7,567,203. Equifax makes up approx 0.85% of Meritage Portfolio Management’s portfolio.Proficio Capital Partners reduced its stake in EFX by selling 14 shares or 24.14% in the most recent quarter. The Hedge Fund company now holds 44 shares of EFX which is valued at $5,002. Dorsey Wright Associates added EFX to its portfolio by purchasing 4,259 company shares during the most recent quarter which is valued at $484,206. Equifax makes up approx 0.26% of Dorsey Wright Associates’s portfolio.

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.

Many Wall Street Analysts have commented on Equifax. 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 .Company shares were Reiterated by Stifel on Apr 12, 2016 to “Buy”, Firm has raised the Price Target to $ 126 from a previous price target of $120 .Equifax was Initiated by Morgan Stanley to “Overweight” on Feb 23, 2016.

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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