Equifax Inc . (NYSE:EFX) EVP and Chief HR Officer, Carla Chaney, has sold a total of $937,873 worth of company stock on May 31, according to a recent SEC filing. The executive sold shares at prices ranging from $227.45 to $229.53.
The transactions included the sale of 223 shares at an average price of $229.20, as well as the sale of 1,564 shares at an average price of $228.04. Additionally, 2,317 shares were sold at an average price of $228.79. These sales were carried out under a Rule 10b5-1 trading plan, which was adopted by Chaney on February 23, 2024.
Alongside the stock sales, the filing also reported that Chaney acquired 4,104 shares of common stock at a price of $175.48 per share. This transaction is recorded as a separate event and totals $720,169.
After these transactions, the updated holdings of Carla Chaney in Equifax stock amount to 16,884 shares, which includes accrued dividend equivalent units for dividends reinvested in corresponding restricted stock units through the company's last dividend payment date.
Equifax, headquartered in Atlanta, Georgia, is a global data, analytics, and technology company that provides consumer credit reporting among other services. The stock trades on the New York Stock Exchange under the ticker symbol EFX.
Investors often monitor insider transactions as they can provide insights into the executive's view of the company's current valuation and future prospects. However, it is important to note that trading activities by executives can be influenced by a variety of factors and may not necessarily reflect their outlook on the company's future performance.
InvestingPro Insights
Equifax Inc. (NYSE:EFX), a major player in the global data, analytics, and technology sector, has been under the investor's microscope following the recent insider trading activity. To provide further context, let's delve into some key metrics and insights from InvestingPro. With a market capitalization of approximately $29.0 billion, the company's financial health and performance metrics are crucial for stakeholders.
An InvestingPro Data highlight is Equifax's impressive gross profit margin, which stands at 55.49% for the last twelve months as of Q1 2024. This indicates strong operational efficiency and a robust business model. Additionally, the company has sustained dividend payments for an impressive 54 consecutive years, reflecting a commitment to returning value to shareholders. This is particularly noteworthy for income-focused investors considering the company's stock.
On the valuation front, Equifax is currently trading at a high earnings multiple, with a P/E ratio of 49.22 for the last twelve months as of Q1 2024. This suggests that the market has high expectations for the company's earnings growth, which may be a point of consideration for potential investors. Moreover, the company's stock price has experienced considerable volatility, as indicated by a 13.99% drop in the 3-month price total return, yet it has managed an 8.93% return over the past year.
For those considering a deeper dive into Equifax's financials and performance, InvestingPro offers additional InvestingPro Tips that could shed light on investment decisions. There are currently 12 more tips available, offering a comprehensive analysis of various aspects of the company's financial health and market performance. To access these valuable insights, visit https://www.investing.com/pro/EFX and remember to use coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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