Kodai Capital Management LP Trims Holdings in Equinix, Inc. $EQIX

Key Points

• Kodai Capital Management LP reduced its stake in Equinix, Inc. by 32.2%, now owning approximately 2.3% of the company's stock, worth about $59.7 million.
• Equinix's recent quarterly earnings report showed an EPS of $9.91, significantly beating analysts' expectations, and the company is forecasting 33.1 EPS for the current fiscal year.
• The company declared a quarterly dividend of $4.69 per share, with an annualized yield of 2.4%, and a payout ratio of 183.74%.

Kodai Capital Management LP decreased its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 32.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,160 shares of the financial services provider's stock after selling 34,766 shares during the period. Equinix comprises about 2.3% of Kodai Capital Management LP's investment portfolio, making the stock its 3rd biggest holding. Kodai Capital Management LP owned 0.07% of Equinix worth $59,651,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinney & Scofield Inc. bought a new stake in shares of Equinix in the 4th quarter worth $28,000. GKV Capital Management Co. Inc. bought a new stake in shares of Equinix in the first quarter worth $30,000. Whipplewood Advisors LLC increased its position in Equinix by 127.8% during the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 23 shares during the last quarter. Cornerstone Planning Group LLC increased its position in Equinix by 40.0% during the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 12 shares during the last quarter. Finally, Pacific Center for Financial Services increased its position in Equinix by 65.2% during the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 15 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Equinix Price Performance

EQIX traded down $0.16 on Monday, hitting $786.19. 321,930 shares of the company's stock traded hands, compared to its average volume of 389,100. The company's 50 day simple moving average is $786.16 and its 200-day simple moving average is $832.52. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The firm has a market cap of $76.94 billion, a price-to-earnings ratio of 77.00, a P/E/G ratio of 1.40 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last released 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. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the firm earned $9.22 earnings per share. The company's quarterly revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be given a dividend of $4.69 per share. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. Equinix's dividend payout ratio (DPR) is presently 183.74%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EQIX. Cowen reissued a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. JPMorgan Chase & Co. raised their price objective on shares of Equinix from $935.00 to $940.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Scotiabank dropped their price objective on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating on the stock in a report on Thursday, June 26th. Wolfe Research downgraded shares of Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Finally, Guggenheim began coverage on shares of Equinix in a report on Thursday, July 10th. They issued a "buy" rating and a $933.00 price objective on the stock. Five investment 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 stock. According to MarketBeat, Equinix has an average rating of "Buy" and an average target price of $962.52.

Insider Transactions at Equinix

In related news, CEO Adaire Fox-Martin sold 2,949 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total value of $2,609,599.59. Following the sale, the chief executive officer directly owned 9,615 shares in the company, valued at approximately $8,508,409.65. The trade was a 23.47% 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. Also, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the sale, the director 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 currently owned by insiders.

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.