Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Equifax Inc. shares valued at $1,409,658 were sold by Begor Mark W on Aug 02. At $201.38 per share, Begor Mark W sold 7,000 shares. The insider’s holdings dropped to 69,902 shares worth approximately $13.73 million following the completion of this transaction.
Also, GAMBLE JOHN W JR sold 2,500 shares, netting a total of over 503,319 in proceeds. Following the sale of shares at $201.33 each, the insider now holds 44,026 shares.
Before that, Griggs James M had sold 250 shares from its account. In a trade valued at $52,500, the SVP & Corp Controller traded Equifax Inc. shares for $210.00 each. Upon closing the transaction, the insider’s holdings decreased to 250 shares, worth approximately $0.93 million.
As published in a research note from BofA Securities on July 24, 2023, Equifax Inc. [EFX] has been rated down from a Neutral to an Underperform and the price target has been revised to $195 from $255. This represents a -0.74% premium over Thursday’s closing price.
Analyzing EFX Stock Performance
On Thursday, Equifax Inc. [NYSE: EFX] rose 0.11% to $196.44. The stock’s lowest price that day was $196.07, but it reached a high of $198.85 in the same session. During the last five days, there has been a surge of approximately 2.94%. Over the course of the year, Equifax Inc. shares have jumped approximately 1.07%. Shares of the company reached a 52-week high of $240.35 on 07/19/23 and a 52-week low of $188.88 on 08/18/23. A 50-day SMA is recorded $214.57, while a 200-day SMA reached $206.53. Nevertheless, trading volume fell to 1.31 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for Equifax Inc. (EFX)
According to the 24-hour chart, there is a support level at 195.39, which, if violated, would cause prices to drop to 194.34. In the upper region, resistance lies at 198.17. The next price resistance is at 199.90. RSI (Relative Strength Index) is 38.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 36.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Equifax Inc. subject to short interest?
Stocks of Equifax Inc. saw a sharp steep in short interest on Jul 30, 2023 dropping by -1.85 million shares to 3.15 million. Data from Yahoo Finance shows that the short interest on Jun 29, 2023 was 5.0 million shares. A decline of -58.73% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.62 of the overall float, the days-to-cover ratio (short ratio) decline to 2.62.
Which companies own the most shares of Equifax Inc. (EFX)?
According to The Vanguard Group, Inc. filings, the company currently owns 13,191,562 shares, which is about 10.75% of the total EFX shares outstanding. The investor’s shares have appreciated by 70,820 from its previous 13-F filing of 13120742.0 shares. With the completion of the buy transaction, Capital Research & Management Co’s stake is now worth $2,161,479,035. Massachusetts Financial Services reduced a -21.40% interest valued at $1.53 billion while T. Rowe Price Investment Manageme sold a -574,269 stake. A total of 206,970 shares of Equifax Inc. were sold by BlackRock Fund Advisors during the quarter, and 69,255 were bought by SSgA Funds Management, Inc.. In its current portfolio, Morgan Stanley Investment Managem holds 4,245,260 shares valued at $866.37 million.
In terms of Equifax Inc. share price expectations, FactSet research, analysts set an average price target of $228.82 in the next 12 months, up nearly 18.74% from the previous closing price of $196.23. Analysts anticipate Equifax Inc. stock to reach $260.00 by 2023, with the lowest price target being $170.00. In spite of this, 24 analysts ranked Equifax Inc. stock as an Overweight at the end of 2023.