Equifax Struggles for Growth in 1Q, Makes Progress on Resolving Breach Settlements
Equifax’s first quarter wasn’t impressive but also wasn’t out of line with our expectations. The company is moving toward resolving some of the uncertainty associated with the 2017 breach. In the quarter, the company recorded a charge of $690 million to account for the amount it expects to pay in state and federal settlements. This is a bit above the estimate built into our valuation, but the difference is not material to our overall valuation. We think moving past this issue is in the best inte...Equifax Inc. is a provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The company's services are based on databases of consumer and business information. The company uses statistical techniques, machine learning and proprietary software tools to analyze all available data, creating insights, decision-making solutions and processing services for its clients. The company also provides information, technology and services to support debt collections and recovery management. Additionally, the company provides payroll-related and human resource management business process outsourcing services in the United States of America.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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