Equifax Inc Stock Price, News & Analysis

Equifax has proposed to acquire all outstanding shares of Boa Vista Serviços for R$8.00 per share, translating to an enterprise value of R$3,103 million (USD$583 million). This offer represents an 89% premium over Boa Vista's closing price on December 15, 2022. The acquisition aims to enhance Equifax's capabilities in Brazil's fast-growing market and provide Boa Vista's shareholders with immediate liquidity. With features like cash options and the backing of significant shareholders, the deal is expected to integrate Boa Vista's services into Equifax Brasil, benefiting both companies in the long term.

Equifax (NYSE: EFX) concluded its second annual developer challenge and accelerator program aimed at fostering financial inclusion. The program accepted U.S.-based software developers to create solutions leveraging Equifax Cloud APIs. The event, held in November at Equifax's Atlanta headquarters, showcased 10 finalists' prototypes addressing financial accessibility across various sectors. Participants received mentorship and resources to innovate faster. Equifax emphasized its commitment to using data and technology to tackle pressing financial issues and improve service access for consumers and businesses alike.

Equifax (NYSE: EFX) has launched CourtSmart™, a new solution aimed at enhancing the effectiveness of consumer reporting agencies (CRAs) in light of recent legislative changes in California that mandate the redaction of personal identifiable information (PII) in public court records. Utilizing the Equifax TotalVerify™ data hub, CourtSmart improves turnaround times and confidence in research by providing supplementary third-party data. Currently available in 36 California counties, including the largest, CourtSmart helps CRAs efficiently navigate legal challenges while expanding access to critical background screening data.

Equifax (NYSE: EFX) announced its participation in two upcoming investor conferences, taking place on November 16 and 17, 2022. Trevor Burns, Senior VP of Corporate Investor Relations, will represent the company at the RBC Global Technology, Internet, Media & Telecom Conference. John Gamble, CFO, and Burns will attend the JP Morgan Ultimate Services Conference, featuring a Fireside Chat at 10:30 a.m. ET. Investors can join the live webcast of the chat, with a replay available shortly after. Equifax continues to support informed decision-making through its unique data and analytics services.

Equifax has declared a quarterly dividend of $0.39 per share, which will be paid on December 15, 2022. Shareholders recorded by the close of business on November 23, 2022 will be eligible. This marks over 100 years of consistent cash dividends paid by Equifax. The company is a major player in data, analytics, and technology, operating globally across 25 countries and employing over 11,000 staff.

Equifax (NYSE: EFX) has announced the launch of pre-built API integrations with leading HR software platforms such as iCIMS, Jobvite, PageUp, and SAP SuccessFactors. These integrations enable employers to access the Equifax Workforce Solutions Compliance Center™ platform effortlessly, enhancing the employee onboarding experience and optimizing HR resources. API integrations include essential services like I-9 Management and Work Opportunity Tax Credit Management. This development aims to streamline HR processes and improve client satisfaction.

Asure Software and Equifax have announced a new integration that enables Asure's clients to access automated verification services from The Work Number. This integration aims to streamline employment and income verifications for small businesses, benefiting approximately 80,000 customers. Employers will save time by reducing manual verification requests, while employees can achieve faster access to critical services during life milestones. The integration is available at no cost to Asure clients and reflects a commitment to enhancing Human Capital Management (HCM) functionality.

Equifax has launched the Talent Report™ Employment Staffing, the first pre-employment verification service tailored for the staffing industry. This service offers instant employment verifications through The Work Number database, streamlining hiring for staffing companies facing high turnover and hiring volume. The report provides comprehensive candidate details, including prior employers and employment dates, accessible 24/7. The service will be available in Q1 2023, addressing the critical needs of staffing agencies in today’s fast-paced hiring environment.

Equifax reported Q3 2022 revenue of $1.244 billion, up 2% year-over-year, despite a 41% decline in U.S. mortgage credit inquiries. Non-mortgage revenue surged 20%, driven by Workforce Solutions, which saw a 9% increase. The company closed acquisitions of LawLogix and Midigator, enhancing its service offerings. However, it revised Q4 guidance due to worsening mortgage conditions, expecting over 60% decline in mortgage originations. Adjusted EPS guidance was lowered to $7.54

for full year 2022.