Ascent Group LLC Makes New Investment in Equinix, Inc. $EQIX

Key Points

• Ascent Group LLC invested approximately $312,000 in Equinix, Inc. by acquiring 383 shares during the first quarter.
• Equinix reported strong earnings, with $9.91 earnings per share exceeding analysts' expectations of $3.49, reflecting a 4.5% year-over-year revenue growth.
• The company has announced a quarterly dividend of $4.69 per share, contributing to an annualized dividend yield of 2.4%.

Ascent Group LLC purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 383 shares of the financial services provider's stock, valued at approximately $312,000.

Several other institutional investors and hedge funds have also bought and sold shares of EQIX. Activest Wealth Management grew its position in Equinix by 121.4% during the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock worth $25,000 after acquiring an additional 17 shares during the last quarter. Pinney & Scofield Inc. bought a new position in Equinix during the 4th quarter worth approximately $28,000. GKV Capital Management Co. Inc. purchased a new stake in Equinix in the 1st quarter worth approximately $30,000. Saudi Central Bank purchased a new stake in Equinix in the 1st quarter worth approximately $31,000. Finally, Quarry LP purchased a new stake in Equinix in the 1st quarter worth approximately $31,000. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EQIX shares. BMO Capital Markets cut Equinix from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $1,045.00 to $850.00 in a report on Thursday, June 26th. Stifel Nicolaus dropped their price objective on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Scotiabank dropped their price objective on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a report on Thursday, June 26th. UBS Group dropped their price objective on Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a report on Friday, July 11th. Finally, Bank of America lowered their target price on Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research note 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 given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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 Equinix stock in a transaction 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 completion of the transaction, the director owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the sale, the executive vice president directly owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Equinix Stock Down 1.1%

Shares of EQIX traded down $8.87 on Friday, reaching $788.61. The stock had a trading volume of 367,783 shares, compared to its average volume of 378,613. The firm has a market capitalization of $77.17 billion, a price-to-earnings ratio of 77.24, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The company has a 50-day simple moving average of $779.38 and a 200-day simple moving average of $822.92. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.49 by $6.42. The business had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Sell-side analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $4.69 per share. 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 payout ratio is presently 183.74%.

About Equinix

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.