Jones Financial Companies Lllp Has $2.43 Million Position in Equinix, Inc. $EQIX

Key Points

• Jones Financial Companies Lllp significantly increased its holdings in Equinix, Inc. by 117.2% during the first quarter, acquiring an additional 1,606 shares valued at approximately $2.43 million.
• Equinix reported an earnings per share (EPS) of $9.91 for the last quarter, surpassing analysts' expectations and marking a 4.5% revenue increase from the same quarter last year.
• The company declared a $4.69 quarterly dividend, with a yield of 2.4%, while its payout ratio stands at 183.74%.

Jones Financial Companies Lllp grew its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 117.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,976 shares of the financial services provider's stock after purchasing an additional 1,606 shares during the period. Jones Financial Companies Lllp's holdings in Equinix were worth $2,426,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Activest Wealth Management lifted its holdings in shares of Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 17 shares in the last quarter. Pinney & Scofield Inc. purchased a new stake in shares of Equinix in the fourth quarter valued at $28,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Equinix in the first quarter valued at $30,000. Saudi Central Bank purchased a new stake in shares of Equinix in the first quarter valued at $31,000. Finally, Quarry LP purchased a new stake in shares of Equinix in the first quarter valued at $31,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EQIX shares. JMP Securities reiterated a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a report on Tuesday, July 22nd. Cowen reiterated a "buy" rating on shares of Equinix in a report on Thursday, July 3rd. Truist Financial increased their price objective on Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Mizuho cut their price objective on Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a report on Tuesday, July 1st. Finally, Bank of America cut their price objective on Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $962.52.

Insider Buying and Selling at Equinix

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

Equinix Stock Down 1.1%

Equinix stock traded down $8.87 during mid-day trading on Friday, hitting $788.61. 367,783 shares of the company's stock were exchanged, compared to its average volume of 387,476. 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 $77.17 billion, a P/E ratio of 77.24, a P/E/G ratio of 1.42 and a beta of 0.92. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The stock has a 50 day moving average of $779.38 and a two-hundred day moving average of $822.92.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping the consensus estimate of $3.49 by $6.42. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $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 anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be given a dividend of $4.69 per share. 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 presently 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.