Algorithmic Investment Models LLC Purchases Shares of 2,258 Equinix, Inc. $EQIX

Key Points

• Algorithmic Investment Models LLC acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) by purchasing 2,258 shares valued at approximately $1.84 million, making it the firm's 27th largest holding.
• Equinix reported earnings of $9.91 per share for the last quarter, significantly exceeding analysts’ expectations of $3.49, and achieved revenue of $2.26 billion.
• The company's recent quarterly dividend of $4.69 per share indicates a 2.4% dividend yield, despite a payout ratio of 183.74%.

Algorithmic Investment Models LLC bought a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,258 shares of the financial services provider's stock, valued at approximately $1,841,000. Equinix comprises about 1.4% of Algorithmic Investment Models LLC's portfolio, making the stock its 27th largest position.

Several other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of Equinix by 82,340.9% during the 1st quarter. GAMMA Investing LLC now owns 890,362 shares of the financial services provider's stock valued at $725,957,000 after acquiring an additional 889,282 shares during the last quarter. Nuveen LLC purchased a new position in shares of Equinix during the first quarter valued at approximately $662,663,000. JPMorgan Chase & Co. raised its holdings in shares of 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 purchasing an additional 291,753 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Equinix by 169.7% during the first quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider's stock valued at $321,427,000 after purchasing an additional 248,075 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings 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 purchasing an additional 242,121 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Guggenheim assumed coverage on shares of Equinix in a report on Thursday, July 10th. They set a "buy" rating and a $933.00 price objective for the company. Dbs Bank raised Equinix to a "moderate buy" rating in a report on Wednesday, August 6th. Wall Street Zen downgraded Equinix from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Stifel Nicolaus lowered their target price on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Finally, Scotiabank lowered their target price on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating on the stock in a report on Thursday, June 26th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $962.52.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the sale, the director owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.27% of the company's stock.

Equinix Stock Performance

Shares of NASDAQ EQIX traded up $5.75 during trading on Friday, hitting $773.68. The company had a trading volume of 321,970 shares, compared to its average volume of 378,185. The stock has a 50 day simple moving average of $780.36 and a 200 day simple moving average of $828.37. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The firm has a market capitalization of $75.72 billion, a P/E ratio of 75.78, a price-to-earnings-growth ratio of 1.37 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be paid a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. 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.