IFM Investors Pty Ltd Cuts Stake in Equinix, Inc. $EQIX

Key Points

• IFM Investors Pty Ltd has reduced its stake in Equinix, Inc. by 6.5%, now holding 38,391 shares worth approximately $31.3 million.
• Equinix reported earnings of $9.91 per share for the last quarter, significantly exceeding analysts' expectations of $3.49, with a revenue of $2.26 billion.
• The company announced a quarterly dividend of $4.69 per share, with an annualized rate of $18.76, reflecting a dividend yield of 2.4% and a high payout ratio of 183.74%.

IFM Investors Pty Ltd trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 6.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,391 shares of the financial services provider's stock after selling 2,656 shares during the period. IFM Investors Pty Ltd's holdings in Equinix were worth $31,302,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Equinix by 1.9% during the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider's stock worth $10,523,576,000 after buying an additional 242,121 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Equinix by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock valued at $1,296,871,000 after purchasing an additional 291,753 shares in the last quarter. Northern Trust Corp boosted its position in Equinix by 2.7% during the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider's stock worth $1,243,013,000 after buying an additional 40,734 shares during the period. Dimensional Fund Advisors LP boosted its position in Equinix by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider's stock worth $1,087,334,000 after buying an additional 25,290 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Equinix by 8.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,243,446 shares of the financial services provider's stock worth $1,013,844,000 after buying an additional 95,887 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Trading Down 1.1%

Shares of NASDAQ:EQIX traded down $8.87 during mid-day trading on Friday, hitting $788.61. The company had a trading volume of 367,783 shares, compared to its average volume of 387,476. The company has a market capitalization of $77.17 billion, a PE ratio of 77.24, a price-to-earnings-growth ratio of 1.42 and a beta of 0.92. The firm has a fifty day moving average price of $779.38 and a 200 day moving average price of $823.52. 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 one year low of $701.41 and a one year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating analysts' consensus estimates of $3.49 by $6.42. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be issued a dividend of $4.69 per share. 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 payout ratio is currently 183.74%.

Analysts Set New Price Targets

Several equities research analysts recently commented on EQIX shares. BMO Capital Markets downgraded shares of Equinix from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Barclays lifted their target price on shares of Equinix from $798.00 to $804.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Guggenheim started coverage on shares of Equinix in a research report on Thursday, July 10th. They set a "buy" rating and a $933.00 target price on the stock. UBS Group cut their target price on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Finally, The Goldman Sachs Group cut their target price on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Five research 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 MarketBeat, the company presently has an average rating of "Buy" and an average target price of $962.52.

Insiders Place Their Bets

In other Equinix news, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the transaction, the executive vice president directly owned 6,378 shares of the company's stock, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director directly owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

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.