Beacon Investment Advisory Services Inc. Grows Stock Holdings in Equinix, Inc. $EQIX

Key Points

• Beacon Investment Advisory Services Inc. increased its stake in Equinix, Inc. by 10.6% during the second quarter, bringing its total holdings to $5,622,000.
• Equinix reported $9.91 earnings per share for the recent quarter, significantly surpassing the consensus estimate of $3.49, with a revenue of $2.26 billion.
• The company announced a quarterly dividend of $4.69, representing an annualized yield of 2.4% and a dividend payout ratio of 183.74%.

Beacon Investment Advisory Services Inc. raised its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,067 shares of the financial services provider's stock after acquiring an additional 676 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in Equinix were worth $5,622,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in shares of Equinix by 1.5% in the second quarter. Public Employees Retirement System of Ohio now owns 179,481 shares of the financial services provider's stock valued at $142,772,000 after acquiring an additional 2,653 shares during the period. Ballentine Partners LLC increased its position in shares of Equinix by 14.1% during the second quarter. Ballentine Partners LLC now owns 1,561 shares of the financial services provider's stock valued at $1,242,000 after buying an additional 193 shares during the period. Norden Group LLC purchased a new position in shares of Equinix during the second quarter valued at about $222,000. CCM Investment Advisers LLC increased its position in shares of Equinix by 0.5% during the second quarter. CCM Investment Advisers LLC now owns 13,322 shares of the financial services provider's stock valued at $10,597,000 after buying an additional 72 shares during the period. Finally, CHICAGO TRUST Co NA increased its position in shares of Equinix by 12.0% during the second quarter. CHICAGO TRUST Co NA now owns 440 shares of the financial services provider's stock valued at $350,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Guggenheim assumed coverage on shares of Equinix in a research report on Thursday, July 10th. They set a "buy" rating and a $933.00 price target on the stock. The Goldman Sachs Group reduced their price target on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Dbs Bank upgraded shares of Equinix to a "moderate buy" rating in a research report on Wednesday, August 6th. Mizuho cut their price objective on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a report on Tuesday, July 1st. Finally, Wells Fargo & Company cut their price objective on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $962.52.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Raouf Abdel sold 404 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the transaction, the executive vice president owned 6,378 shares in the company, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Equinix Price Performance

Shares of EQIX opened at $789.79 on Thursday. The firm's 50-day simple moving average is $783.51 and its two-hundred day simple moving average is $817.44. The stock has a market cap of $77.29 billion, a PE ratio of 77.35, a price-to-earnings-growth ratio of 1.43 and a beta of 0.92. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. 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 (NASDAQ:EQIX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (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 net margin of 11.11% and a return on equity of 7.22%. The business's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were paid a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, August 20th. Equinix's dividend payout ratio is currently 183.74%.

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.

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