Dearborn Partners LLC Trims Stock Holdings in Equinix, Inc. $EQIX

Key Points

• Dearborn Partners LLC reduced its Equinix stake by 6.1% in the fourth quarter, selling 1,476 shares and ending with 22,651 shares valued at about $17.35 million.
• Equinix reported strong quarterly earnings, posting $10.79 EPS versus the $4.30 estimate, though revenue of $2.44 billion fell slightly short of expectations. The company also raised its FY2026 guidance.
• Analysts remain broadly positive on the stock, with a Moderate Buy consensus and a target price of $1,143.60, while Equinix also announced a quarterly dividend of $5.16 per share.

Dearborn Partners LLC lowered its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,651 shares of the financial services provider's stock after selling 1,476 shares during the period. Dearborn Partners LLC's holdings in Equinix were worth $17,354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. lifted its holdings in Equinix by 433.3% during the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider's stock worth $25,000 after buying an additional 26 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in Equinix by 200.0% during the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider's stock worth $32,000 after buying an additional 28 shares during the last quarter. WPG Advisers LLC lifted its holdings in Equinix by 51.7% during the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider's stock worth $34,000 after buying an additional 15 shares during the last quarter. Activest Wealth Management lifted its holdings in Equinix by 81.5% during the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider's stock worth $38,000 after buying an additional 22 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new position in Equinix during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays increased their price target on Equinix from $1,020.00 to $1,109.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 16th. UBS Group increased their price target on Equinix from $950.00 to $1,010.00 and gave the stock a "buy" rating in a research report on Thursday, February 12th. Weiss Ratings upgraded Equinix from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their price target on Equinix from $1,100.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Finally, Guggenheim reiterated a "buy" rating and set a $1,235.00 price target on shares of Equinix in a research report on Wednesday, May 20th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Equinix has a consensus rating of "Moderate Buy" and a consensus target price of $1,143.60.

Equinix Stock Down 0.8%

EQIX opened at $1,080.95 on Friday. Equinix, Inc. has a 12 month low of $710.52 and a 12 month high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $106.60 billion, a P/E ratio of 74.81, a P/E/G ratio of 2.03 and a beta of 0.99. The stock's 50 day moving average price is $1,058.36 and its 200 day moving average price is $913.59.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating the consensus estimate of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same period last year, the firm earned $9.67 EPS. The firm's revenue was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, research analysts predict that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix's dividend payout ratio (DPR) is presently 142.84%.

Insider Activity

In other Equinix news, CEO Adaire Fox-Martin sold 1,086 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the completion of the transaction, the chief executive officer directly owned 19,574 shares of the company's stock, valued at approximately $18,912,398.80. This trade represents a 5.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Raouf Abdel sold 2,040 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the transaction, the executive vice president directly owned 5,728 shares of the company's stock, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,053 shares of company stock worth $11,569,731 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

Equinix Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix's offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.

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