Equifax Inc Stock Price, News & Analysis

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.

Equifax (NYSE: EFX) has announced a pioneering move to integrate telecommunications, pay TV, and utilities data into the mortgage underwriting process, aiming to enhance home ownership opportunities for approximately 191 million U.S. consumers. This initiative targets credit invisible individuals and aims to streamline the mortgage application process, reducing manual efforts. Equifax's insights will be available at no additional cost to lenders starting in Q1 2023, promoting financial inclusion and potentially expediting loan approvals for first-time applicants.

Equifax (NYSE: EFX) has expanded its integration with MeridianLink (NYSE: MLNK), enabling instant verification of employment and income for credit unions, banks, and lenders. This integration supports a streamlined lending experience via the MeridianLink Consumer Loan Origination System, enhancing decision-making speed for lenders and improving customer experience. The Work Number provides access to 573 million records from 2.5 million employers, ensuring high security and privacy. This partnership aims to deliver faster loans and a seamless digital lending process for consumers.

Equifax (NYSE: EFX) will announce its third quarter financial results on October 19, 2022, after market close. A conference call to discuss these results is scheduled for October 20, 2022, at 8:30 a.m. ET, with materials available on investor.equifax.com. Equifax emphasizes its role in aiding financial decisions globally through data and analytics, operating in 25 countries with over 13,000 employees.

Equifax has launched CloudControl, a transparency-enhancing dashboard aimed at improving cybersecurity for organizations using Equifax products. This tool provides real-time insights into the security posture of Equifax Cloud-based services and empowers customers to make informed risk decisions. Designed to reduce reliance on traditional assessments, CloudControl will be rolled out in phases at no additional cost. The initiative is part of Equifax's commitment to combating growing cyber threats and ensuring better security across digital supply chains.