Equinix, Inc. $EQIX Shares Bought by Geneos Wealth Management Inc.

Key Points

• Geneos Wealth Management Inc. increased its stake in Equinix, Inc. by 68.1% during the first quarter, owning a total of 4,003 shares valued at approximately $3.26 million.
• Equinix's stock has garnered a consensus rating of Buy from analysts, with price targets ranging from $850 to $1,200.
• The company recently announced a $4.69 quarterly dividend, reflecting an annualized yield of 2.4% and a payout ratio of 183.74%.

Geneos Wealth Management Inc. raised its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 68.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,003 shares of the financial services provider's stock after acquiring an additional 1,622 shares during the period. Geneos Wealth Management Inc.'s holdings in Equinix were worth $3,264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management boosted its position in shares of Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock worth $25,000 after buying an additional 17 shares during the period. Pinney & Scofield Inc. acquired a new position in shares of Equinix during the fourth quarter worth approximately $28,000. GKV Capital Management Co. Inc. acquired a new position in shares of Equinix during the first quarter worth approximately $30,000. Saudi Central Bank acquired a new position in shares of Equinix during the first quarter worth approximately $31,000. Finally, Quarry LP acquired a new position in shares of Equinix during the first quarter worth approximately $31,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EQIX shares. Scotiabank reduced their price objective on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a research report on Thursday, June 26th. BMO Capital Markets downgraded 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 report on Thursday, June 26th. UBS Group reduced their price objective on Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. boosted their price objective on Equinix from $935.00 to $940.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, JMP Securities reiterated a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a research report on Tuesday, July 22nd. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $962.52.

Insider Activity

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the transaction, the director owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This 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. Corporate insiders own 0.27% of the company's stock.

Equinix Stock Performance

EQIX opened at $780.60 on Thursday. The company has a market capitalization of $76.39 billion, a price-to-earnings ratio of 76.45, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The business has a 50 day moving average price of $779.16 and a two-hundred day moving average price of $825.10.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share 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 the consensus estimate of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Research analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix's dividend payout ratio is currently 183.74%.

Equinix 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.

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