Confluence Wealth Services Inc. Makes New $827,000 Investment in Equinix, Inc. $EQIX

Key Points

• Confluence Wealth Services Inc. made a new investment of approximately $827,000 in Equinix, acquiring 1,041 shares during Q2, as per their latest SEC filing.
• Wall Street analysts have varied opinions on Equinix, with target price adjustments leading to an average consensus of $960.65 and ratings ranging from "Strong Buy" to "Hold."
• Equinix declared a quarterly dividend of $4.69, resulting in an annualized dividend of $18.76 with a yield of 2.4%, despite a high payout ratio of 183.74%.

Confluence Wealth Services Inc. acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,041 shares of the financial services provider's stock, valued at approximately $827,000.

A number of other hedge funds also recently made changes to their positions in the company. Activest Wealth Management raised its holdings in shares of 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 in the last quarter. GKV Capital Management Co. Inc. bought a new stake in Equinix in the first quarter worth $30,000. Atticus Wealth Management LLC purchased a new stake in Equinix during the second quarter valued at $29,000. Saudi Central Bank bought a new position in Equinix during the first quarter valued at $31,000. Finally, Quarry LP purchased a new position in shares of Equinix in the 1st quarter worth $31,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Bank of America decreased their price objective on Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Barclays raised their price objective on Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. Wall Street Zen raised Equinix from a "sell" rating to a "hold" rating in a research report on Friday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Equinix in a report on Saturday, September 27th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $960.65.

Insider Activity

In related news, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the sale, the executive vice president owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the business'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 directly owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Equinix Trading Up 1.4%

EQIX opened at $789.84 on Tuesday. 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 stock's 50 day moving average price is $782.10 and its 200-day moving average price is $813.63. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The stock has a market cap of $77.29 billion, a price-to-earnings ratio of 77.36, a P/E/G ratio of 1.39 and a beta of 0.92.

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

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were issued a $4.69 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. Equinix's dividend 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.

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