2,536 Shares in Equinix, Inc. $EQIX Acquired by BG Investment Services LLC

Key Points

• BG Investment Services LLC acquired 2,536 Equinix shares worth approximately $2.565 million in the third quarter. Institutional investors collectively own 94.94% of the company.
• Equinix reported quarterly revenue of $2.62 billion, up 16.4% year over year, and EPS of $11.78, substantially exceeding analysts’ $4.73 estimate. The company also pays a $5.16 quarterly dividend, equivalent to a 2.2% annualized yield.
• Analysts maintain a positive outlook, with Equinix receiving a “Moderate Buy” consensus rating and an average price target of $1,215.68, above its reported share price of $955.03.

BG Investment Services LLC bought a new stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,536 shares of the financial services provider's stock, valued at approximately $2,565,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. SJS Investment Consulting Inc. increased its stake in shares of Equinix by 27.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider's stock worth $41,000 after purchasing an additional 9 shares in the last quarter. Fulton Bank N.A. grew its holdings in Equinix by 3.1% during the second quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider's stock valued at $342,000 after purchasing an additional 10 shares during the period. Avion Wealth grew its holdings in Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 11 shares during the period. High Net Worth Advisory Group LLC grew its holdings in Equinix by 5.3% during the second quarter. High Net Worth Advisory Group LLC now owns 219 shares of the financial services provider's stock valued at $229,000 after purchasing an additional 11 shares during the period. Finally, Angeles Wealth Management LLC increased its position in Equinix by 3.7% in the second quarter. Angeles Wealth Management LLC now owns 310 shares of the financial services provider's stock worth $323,000 after buying an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Stock Up 0.3%

Shares of EQIX opened at $955.03 on Friday. The business's 50 day moving average is $1,029.34 and its 200 day moving average is $1,048.97. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The company has a market capitalization of $94.23 billion, a PE ratio of 61.50, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the firm posted $9.91 EPS. The company's revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Research analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were paid a $5.16 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 2.2%. Equinix's payout ratio is presently 132.90%.

Insiders Place Their Bets

In other Equinix news, insider Michael Paladin sold 307 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the completion of the transaction, the insider owned 2,450 shares of the company's stock, valued at $2,535,774.50. This represents a 11.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kurt Pletcher sold 135 shares of the firm's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the transaction, the insider owned 4,077 shares of the company's stock, valued at approximately $4,384,813.50. The trade was a 3.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,770 shares of company stock worth $4,884,197 in the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on EQIX shares. TD Cowen raised their price objective on Equinix from $1,143.00 to $1,166.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Mizuho increased their target price on shares of Equinix from $1,200.00 to $1,275.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. Stifel Nicolaus increased their target price on shares of Equinix from $1,250.00 to $1,265.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Truist Financial raised their target price on shares of Equinix from $1,215.00 to $1,220.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, Sanford C. Bernstein lifted their price target on shares of Equinix from $1,222.00 to $1,270.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,215.68.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.

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