Equifax Inc . (NYSE:EFX) executive vice president and chief HR officer, Chaney Carla, has sold a total of $1,235,636 worth of the company's common stock, according to a recent SEC filing. The transactions occurred on May 24, 2024, and were executed at prices ranging from $235.46 to $240.07 per share.
The filing revealed multiple sales transactions of Equifax's common stock. Carla sold 241 shares at a weighted average price of $235.46, with prices ranging from $235.03 to $235.91. Another 324 shares were sold at an average of $238.11, with a price range of $237.53 to $238.49. A further 476 shares were sold at an average price of $240.07, within a range of $239.84 to $240.58. Additionally, Carla sold 931 shares at an average price of $236.92, with a range from $236.37 to $237.28, and disposed of 3,206 shares at a weighted average price of $239.21, with sales prices between $238.81 to $239.79.
Following these transactions, Carla's direct ownership in Equifax common stock decreased to 16,884 shares. The sales were reported to be in line with a Rule 10b5-1 trading plan, which was adopted on February 23, 2024. This plan allows company insiders to sell shares over a predetermined period of time to avoid allegations of trading on insider information.
In addition to the sales, the filing also included an option exercise where Carla acquired 5,178 shares of Equifax stock at a set price of $191.44. This transaction is part of an employee stock option plan and is not reflected in the total sales value.
Equifax has not made any official comment regarding the transactions. Shareholders and potential investors often monitor insider buying and selling as it can provide valuable insights into the company's performance and executive sentiment.
InvestingPro Insights
As Equifax Inc. (NYSE:EFX) sees significant insider transactions, the broader market context provided by InvestingPro data and insights can offer investors a comprehensive view of the company's financial health and market performance. With a market capitalization of $28.52 billion and an elevated price-to-earnings (P/E) ratio standing at 48.58, Equifax trades at a premium compared to industry peers. This high earnings multiple could be indicative of investor confidence in the company's future growth prospects or potentially signal overvaluation.
InvestingPro Tips reveal that Equifax has maintained a consistent dividend for over half a century, a testament to its financial stability and commitment to shareholder returns. However, 14 analysts have recently revised their earnings expectations downwards for the upcoming period, which may warrant investor caution. This sentiment is further underscored by the company's current gross profit margin of 55.49%, highlighting its ability to maintain profitability.
With the executive vice president and chief HR officer's recent stock sales, these financial metrics and InvestingPro Tips become particularly relevant. For investors seeking to delve deeper into Equifax's valuation and performance metrics, additional InvestingPro Tips are available, offering 15 tips in total for a more nuanced investment strategy. To access these insights, visit https://www.investing.com/pro/EFX and use coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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