Nissay Asset Management Corp Japan ADV Buys 659 Shares of Equinix, Inc. $EQIX

Key Points

• Nissay Asset Management Corp Japan ADV has increased its stake in Equinix, Inc. by 2.6%, holding 25,767 shares valued at $21,009,000 as of the end of the last quarter.
• Equinix reported $9.91 earnings per share for the last quarter, significantly beating analyst estimates and reflecting a 4.5% year-over-year revenue growth.
• The company announced a quarterly dividend of $4.69 per share, with a dividend yield of 2.4%, despite a high payout ratio of 183.74%.

Nissay Asset Management Corp Japan ADV increased its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,767 shares of the financial services provider's stock after buying an additional 659 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Equinix were worth $21,009,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in EQIX. Brighton Jones LLC grew its stake in shares of Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock worth $307,000 after buying an additional 73 shares during the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in shares of Equinix in the 4th quarter worth approximately $2,027,000. Cary Street Partners Financial LLC purchased a new stake in shares of Equinix in the 4th quarter worth approximately $52,000. Cetera Investment Advisers grew its stake in shares of Equinix by 7.3% in the 4th quarter. Cetera Investment Advisers now owns 9,320 shares of the financial services provider's stock worth $8,788,000 after buying an additional 634 shares during the last quarter. Finally, Dunhill Financial LLC grew its stake in shares of Equinix by 43.8% in the 4th quarter. Dunhill Financial LLC now owns 69 shares of the financial services provider's stock worth $65,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 75 shares of the firm'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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

EQIX has been the topic of several analyst reports. Bank of America lowered their price objective on Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Scotiabank lowered their price objective on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating on the stock in a research report on Thursday, June 26th. Cowen reaffirmed a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. Wall Street Zen cut Equinix from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Finally, Cfra Research cut Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. Five investment 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 stock presently has a consensus rating of "Buy" and a consensus price target of $962.52.

Equinix Stock Performance

Shares of NASDAQ EQIX traded up $5.75 during midday trading on Friday, hitting $773.68. 321,970 shares of the stock traded hands, compared to its average volume of 381,643. The firm has a 50-day moving average of $780.36 and a two-hundred day moving average of $826.81. The firm has a market capitalization of $75.71 billion, a P/E ratio of 75.78, a PEG ratio of 1.38 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating the consensus estimate of $3.49 by $6.42. The firm had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The company's 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, equities analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

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 issued a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's dividend payout ratio (DPR) 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.