Credit Agricole S A Sells 24,597 Shares of Equinix, Inc. $EQIX

Key Points

• Credit Agricole S A has significantly reduced its stock position in Equinix, Inc., cutting holdings by 56.9% during the first quarter, now owning 18,645 shares valued at approximately $15.2 million.
• Several other institutional investors, including Truist Financial Corp and Nisa Investment Advisors LLC, have increased their positions in Equinix, indicating mixed investor sentiment.
• Equinix announced a quarterly dividend of $4.69, with an annualized yield of 2.4%, despite a high payout ratio of 183.74%.

Credit Agricole S A reduced its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 56.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 18,645 shares of the financial services provider's stock after selling 24,597 shares during the quarter. Credit Agricole S A's holdings in Equinix were worth $15,202,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQIX. Brighton Jones LLC increased its position in Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock valued at $307,000 after acquiring an additional 73 shares during the period. Bank Pictet & Cie Europe AG acquired a new position in Equinix in the 4th quarter valued at approximately $2,027,000. NewEdge Advisors LLC increased its position in Equinix by 42.3% in the 4th quarter. NewEdge Advisors LLC now owns 1,975 shares of the financial services provider's stock valued at $1,862,000 after acquiring an additional 587 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in Equinix by 21.9% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,931 shares of the financial services provider's stock valued at $1,821,000 after acquiring an additional 347 shares during the period. Finally, TD Waterhouse Canada Inc. increased its position in Equinix by 14.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 994 shares of the financial services provider's stock valued at $937,000 after acquiring an additional 124 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the completion of the transaction, the chief executive officer directly owned 9,615 shares in the company, valued at $8,508,409.65. This trade represents a 23.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. BNP Paribas raised shares of Equinix to a "strong-buy" rating in a research note on Thursday, May 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a research note on Tuesday, July 22nd. The Goldman Sachs Group reduced their price objective on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Truist Financial upped their price objective on shares of Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, BMO Capital Markets lowered shares of Equinix from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $962.52.

Equinix Stock Down 0.6%

NASDAQ EQIX traded down $4.79 on Tuesday, hitting $777.60. 63,094 shares of the company were exchanged, compared to its average volume of 616,142. The company has a market cap of $76.10 billion, a PE ratio of 76.09, a PEG ratio of 1.42 and a beta of 0.90. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The stock has a fifty day moving average of $794.13 and a 200-day moving average of $836.71. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29.

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 business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. Equinix's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be paid 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%.

Equinix Company 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.