Quantbot Technologies LP Purchases New Holdings in Equinix, Inc. $EQIX

Key Points

• Quantbot Technologies LP acquired 11,156 shares of Equinix, Inc. for approximately $9.1 million during the first quarter, indicating strong institutional interest in the stock.
• Equinix's earnings per share for the last quarter were $9.91, significantly exceeding analysts' expectations of $3.49.
• The company recently announced a quarterly dividend of $4.69, representing an annualized dividend yield of 2.4%, although its payout ratio is high at 183.74%.

Quantbot Technologies LP bought a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,156 shares of the financial services provider's stock, valued at approximately $9,096,000.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Equinix by 1.9% during the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider's stock valued at $10,523,576,000 after buying an additional 242,121 shares during the period. Price T Rowe Associates Inc. MD increased its position in Equinix by 0.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,902,053 shares of the financial services provider's stock valued at $1,793,429,000 after acquiring an additional 14,294 shares during the last quarter. JPMorgan Chase & Co. increased its position in Equinix by 22.5% during the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock valued at $1,296,871,000 after acquiring an additional 291,753 shares during the last quarter. Northern Trust Corp raised its stake in shares of Equinix by 2.7% in the first quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider's stock worth $1,243,013,000 after buying an additional 40,734 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Equinix by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider's stock worth $1,087,334,000 after buying an additional 25,290 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EQIX has been the topic of several recent analyst reports. Cfra Research downgraded Equinix from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. Cowen reaffirmed a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. Wolfe Research lowered Equinix from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. BMO Capital Markets downgraded Equinix from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Finally, Citigroup boosted their price target on Equinix from $970.00 to $990.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $962.52.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director directly owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the completion of the sale, the chief executive officer owned 9,615 shares in the company, valued at approximately $8,508,409.65. This represents a 23.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Equinix Trading Up 1.8%

EQIX stock traded up $14.28 during midday trading on Friday, hitting $786.47. 317,006 shares of the company's stock were exchanged, compared to its average volume of 461,883. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The business has a 50-day simple moving average of $796.24 and a two-hundred day simple moving average of $839.14. The stock has a market capitalization of $76.96 billion, a PE ratio of 77.03, a P/E/G ratio of 1.39 and a beta of 0.90. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the business posted $9.22 earnings per share. The company's quarterly revenue was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, sell-side analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be issued a $4.69 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. Equinix's dividend payout ratio (DPR) is 183.74%.

Equinix Company Profile

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.