Ashford Capital Management Inc. Has $19.89 Million Stake in Equinix, Inc. $EQIX

Key Points

• Ashford Capital Management Inc. reduced its stake in Equinix, Inc. (NASDAQ: EQIX) by 5.9%, selling 1,519 shares, leaving it with 24,390 shares valued at approximately $19.89 million.
• Equinix's recent quarterly earnings reported earnings per share of $9.91, significantly exceeding the consensus estimate of $3.49, with a year-over-year revenue growth of 4.5%.
• The company announced a $4.69 per share dividend, resulting in an annualized dividend of $18.76 and a yield of 2.4%, with a payout ratio of 183.74%.

Ashford Capital Management Inc. trimmed its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,390 shares of the financial services provider's stock after selling 1,519 shares during the quarter. Equinix comprises approximately 2.6% of Ashford Capital Management Inc.'s investment portfolio, making the stock its 16th biggest position. Ashford Capital Management Inc.'s holdings in Equinix were worth $19,886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its position in Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock worth $25,000 after purchasing an additional 17 shares during the period. Pinney & Scofield Inc. bought a new position in Equinix during the fourth quarter worth $28,000. GKV Capital Management Co. Inc. bought a new position in Equinix during the first quarter worth $30,000. Whipplewood Advisors LLC boosted its position in Equinix by 127.8% during the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock worth $33,000 after purchasing an additional 23 shares during the period. Finally, Cornerstone Planning Group LLC boosted its position in Equinix by 40.0% during the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after purchasing an additional 12 shares during the period. 94.94% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Christopher B. Paisley sold 75 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the sale, the director owned 17,832 shares of the company's stock, valued at $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Adaire Fox-Martin sold 2,949 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the sale, the chief executive officer directly owned 9,615 shares of the company's stock, valued at $8,508,409.65. This represents a 23.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Equinix Stock Performance

Shares of Equinix stock traded down $0.16 during trading on Monday, reaching $786.19. The company's stock had a trading volume of 321,930 shares, compared to its average volume of 389,100. The business's 50-day moving average price is $784.08 and its 200-day moving average price is $831.49. The firm has a market cap of $76.94 billion, a PE ratio of 77.00, a P/E/G ratio of 1.40 and a beta of 0.92. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29.

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

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be given a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix's dividend payout ratio is currently 183.74%.

Analyst Ratings Changes

A number of research firms have commented on EQIX. Truist Financial lifted their price objective on shares of Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of Equinix from $935.00 to $940.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Stifel Nicolaus reduced their target price on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Cowen reissued a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. Finally, Wall Street Zen cut shares of Equinix from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $962.52.

Equinix 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.