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Equifax Inc . (NYSE:EFX) Executive Vice President, Chief Information Security Officer, and Chief Technology Officer Jamil Farshchi recently reported the sale of company stock valued at approximately $4.7 million. The transaction, executed on February 12, involved the disposal of 18,911 shares at a price of $248.18 per share. The stock, currently trading at $250.87, shows significant volatility with a beta of 1.58, according to InvestingPro data. The company’s current market capitalization stands at $31.19 billion.
In addition to the sale, Farshchi exercised options to acquire 13,367 shares at a price of $149.53 and 5,544 shares at $138.45, contributing to a total acquisition value of about $2.77 million. These transactions were conducted under a pre-established Rule 10b5-1 trading plan, adopted on August 27, 2024.
Following these transactions, Farshchi’s direct ownership stands at 39,252 shares, reflecting both the recent sales and acquisitions.
In other recent news, Equifax has been the subject of revised stock price targets by both Stifel and Needham, following the company’s recent fourth-quarter earnings release. Stifel analysts reduced their price target from $284 to $281, maintaining a Buy rating, in response to a significant reduction in high-margin revenue forecasts. This adjustment reflects the company’s recent financial results and forward-looking guidance.
Similarly, Needham analysts revised their price target for Equifax shares, reducing it to $300 from the previous $325, while reaffirming their Buy rating. The adjustment followed Equifax’s fourth-quarter earnings, which fell short of Wall Street’s revenue expectations.
Despite these lowered targets, both firms maintain a positive long-term outlook for Equifax. The company’s recent earnings report showed adjusted earnings per share of $2.12, slightly above the consensus estimate, and revenue for the quarter reached $1.42 billion, up 7% year-on-year.
However, Equifax’s 2025 guidance fell below expectations, leading to a 2.6% drop in shares in after-hours trading. The company’s outlook for 2025 anticipates a 12% decline in U.S. mortgage hard credit inquiries, reflecting ongoing challenges in the U.S. housing market. Despite these developments, Equifax continues to be a topic of interest for investors.
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