Capital Analysts LLC Buys 441 Shares of Equinix, Inc. $EQIX

Key Points

• Capital Analysts LLC increased its stake in Equinix, Inc. by 10.3% during the first quarter, reaching a total of 4,743 shares valued at approximately $3.87 million.
• Equinix reported earnings per share (EPS) of $9.91 for the last quarter, significantly beating analysts' expectations, along with a revenue of $2.26 billion.
• The company recently announced a quarterly dividend of $4.69 per share, which translates to an annualized yield of 2.4% despite a high dividend payout ratio of 183.74%.

Capital Analysts LLC increased its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 10.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,743 shares of the financial services provider's stock after purchasing an additional 441 shares during the period. Capital Analysts LLC's holdings in Equinix were worth $3,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinney & Scofield Inc. acquired a new position in Equinix in the 4th quarter worth $28,000. GKV Capital Management Co. Inc. acquired a new position in Equinix in the 1st quarter worth $30,000. Pacific Center for Financial Services boosted its stake in Equinix by 65.2% in the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after purchasing an additional 15 shares during the period. Whipplewood Advisors LLC boosted its stake in Equinix by 127.8% in the 1st quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock worth $33,000 after purchasing an additional 23 shares during the period. Finally, Cornerstone Planning Group LLC boosted its stake in Equinix by 40.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after purchasing an additional 12 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EQIX shares. Cfra Research lowered shares of Equinix from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. Wolfe Research lowered shares of Equinix from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. JPMorgan Chase & Co. increased their price objective on shares of Equinix from $935.00 to $940.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. BMO Capital Markets downgraded shares of Equinix from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Finally, Wells Fargo & Company reduced their price objective on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Five analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Equinix presently has a consensus rating of "Buy" and an average price target of $962.52.

Equinix Stock Up 1.8%

Shares of Equinix stock traded up $14.28 during trading hours on Friday, reaching $786.47. 317,006 shares of the company's stock were exchanged, compared to its average volume of 461,883. The company has a 50 day moving average of $796.24 and a two-hundred day moving average of $838.47. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock has a market cap of $76.97 billion, a P/E ratio of 77.03, a P/E/G ratio of 1.42 and a beta of 0.90.

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, beating analysts' consensus estimates of $3.49 by $6.42. The company had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. Equinix's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, sell-side analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be issued a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's dividend payout ratio is currently 183.74%.

Insider Activity

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the stock in a transaction dated 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 $13,935,708. This represents a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of the stock in a transaction dated 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 approximately $8,508,409.65. This 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 owned by corporate insiders.

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.