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Is Equifax Inc. (EFX) A Good Stock To Buy?

Now, some big names were leading the bulls’ herd. Harbor Spring Capital, managed by Amit Nitin Doshi, assembled the most valuable position in Equifax Inc. (NYSE:EFX). Harbor Spring Capital had $37 million invested in the company at the end of the quarter. Dmitry Balyasny’s Balyasny Asset Management also initiated a $23.9 million position during the quarter. The following funds were also among the new EFX investors: Robert Pohly’s Samlyn Capital, Clint Carlson’s Carlson Capital, and George Hall’s Clinton Group.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Equifax Inc. (NYSE:EFX) but similarly valued. We will take a look at Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA), Genuine Parts Company (NYSE:GPC), Northern Trust Corporation (NASDAQ:NTRS), and TD Ameritrade Holding Corp. (NYSE:AMTD). This group of stocks’ market values are similar to EFX’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ULTA 40 2044715 4
GPC 23 347677 1
NTRS 30 486076 3
AMTD 17 290831 4

As you can see these stocks had an average of 27.5 hedge funds with bullish positions and the average amount invested in these stocks was $792 million. That figure was $529 million in EFX’s case. Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) is the most popular stock in this table. On the other hand TD Ameritrade Holding Corp. (NYSE:AMTD) is the least popular one with only 17 bullish hedge fund positions. Equifax Inc. (NYSE:EFX) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard ULTA might be a better candidate to consider a long position.

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