Comprehensive Financial Consultants Institutional Inc. Purchases 1,158 Shares of Equinix, Inc. $EQIX

Key Points

• Comprehensive Financial Consultants Institutional purchased 1,158 Equinix shares worth approximately $1.17 million in the third quarter. Institutional investors collectively own 94.94% of the company.
• Equinix reported strong quarterly results, with revenue rising 16.4% year over year to $2.62 billion and EPS of $11.78, exceeding estimates. The company also declared a quarterly dividend of $5.16 per share, representing a 2.1% annualized yield.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,206.55, although insiders sold 4,770 shares worth about $4.88 million over the past three months.

Comprehensive Financial Consultants Institutional Inc. acquired a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,158 shares of the financial services provider's stock, valued at approximately $1,171,000.

Other large investors also recently added to or reduced their stakes in the company. Harrell Investment Partners LLC boosted its position in Equinix by 4.5% during the third quarter. Harrell Investment Partners LLC now owns 1,647 shares of the financial services provider's stock worth $1,666,000 after purchasing an additional 71 shares during the period. Ninety One UK Ltd lifted its stake in shares of Equinix by 85.3% during the 3rd quarter. Ninety One UK Ltd now owns 1,736 shares of the financial services provider's stock valued at $1,756,000 after buying an additional 799 shares in the last quarter. PFG Private Wealth Management LLC bought a new position in Equinix in the 3rd quarter worth approximately $287,000. Turtle Creek Wealth Advisors LLC boosted its holdings in Equinix by 16.4% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 761 shares of the financial services provider's stock worth $770,000 after buying an additional 107 shares during the period. Finally, Mather Group LLC. grew its stake in Equinix by 11.1% in the 3rd quarter. Mather Group LLC. now owns 1,388 shares of the financial services provider's stock valued at $1,404,000 after buying an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling at Equinix

In other news, insider Michael Paladin sold 307 shares of the company's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total value of $317,748.07. Following the transaction, the insider owned 2,450 shares of the company's stock, valued at approximately $2,535,774.50. This represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 135 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total value of $145,192.50. Following the completion of the sale, the insider owned 4,077 shares in the company, valued at $4,384,813.50. This trade represents a 3.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,770 shares of company stock valued at $4,884,197 in the last three months. Company insiders own 0.27% of the company's stock.

Equinix Trading Up 0.0%

Shares of Equinix stock opened at $996.26 on Friday. The company's 50-day moving average price is $1,039.57 and its 200-day moving average price is $1,049.94. 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 cap of $98.30 billion, a price-to-earnings ratio of 64.15, a PEG ratio of 1.42 and a beta of 0.98.

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

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were issued a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Equinix's dividend payout ratio (DPR) is presently 132.90%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup reissued a "market outperform" rating on shares of Equinix in a report on Tuesday, August 4th. BNP Paribas Exane cut their price target on Equinix from $1,222.00 to $1,219.00 and set an "outperform" rating for the company in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $1,270.00 price target (up from $1,207.00) on shares of Equinix in a report on Monday, August 3rd. Weiss Ratings cut Equinix from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 2nd. Finally, Stifel Nicolaus boosted their price objective on Equinix from $1,250.00 to $1,265.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Equinix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,206.55.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company's services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.

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