Timessquare Capital Management Lowers stake in Equifax (EFX)

Equifax (EFX) : Timessquare Capital Management reduced its stake in Equifax by 7.62% during the most recent quarter end. The investment management company now holds a total of 1,851,900 shares of Equifax which is valued at $245,117,484 after selling 152,750 shares in Equifax , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Equifax makes up approximately 1.55% of Timessquare Capital Management’s portfolio.

Other Hedge Funds, Including , Tokio Marine Asset Management Co Ltd reduced its stake in EFX by selling 400 shares or 9.11% in the most recent quarter. The Hedge Fund company now holds 3,989 shares of EFX which is valued at $540,031. Equifax makes up approx 0.05% of Tokio Marine Asset Management Co Ltd’s portfolio.

Equifax closed down -0.28 points or -0.21% at $131.29 with 4,76,376 shares getting traded on Tuesday. Post opening the session at $131.91, the shares hit an intraday low of $131.2 and an intraday high of $131.99 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Equifax reported $1.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.36. The company had revenue of $811.30 million for the quarter, compared to analysts expectations of $802.76 million. The company’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.

Many Wall Street Analysts have commented on Equifax. Company shares were Reiterated by Stifel on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 143 from a previous price target of $131 .

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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