Equinix, Inc. $EQIX Shares Sold by Laffer Tengler Investments Inc.

Key Points

• Laffer Tengler Investments Inc. reduced its stake in Equinix, Inc. by 19.5%, ending with 2,379 shares worth approximately $1.94 million after selling 576 shares.
• Equinix reported an earnings per share (EPS) of $9.91 for the last quarter, significantly surpassing analysts' expectations of $3.49.
• The company announced a quarterly dividend of $4.69 per share, with a substantial payout ratio of 183.74%, reflecting its commitment to returning value to shareholders.

Laffer Tengler Investments Inc. cut its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 19.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,379 shares of the financial services provider's stock after selling 576 shares during the period. Laffer Tengler Investments Inc.'s holdings in Equinix were worth $1,940,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in EQIX. Pinney & Scofield Inc. acquired a new stake in Equinix in the 4th quarter worth about $28,000. GKV Capital Management Co. Inc. acquired a new position in shares of Equinix during the 1st quarter valued at about $30,000. Whipplewood Advisors LLC lifted its holdings in shares of Equinix by 127.8% during the 1st quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock worth $33,000 after acquiring an additional 23 shares during the period. Cornerstone Planning Group LLC boosted its position in shares of Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after acquiring an additional 12 shares during the last quarter. Finally, Pacific Center for Financial Services boosted its position in shares of Equinix by 65.2% in the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after acquiring an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Bank of America dropped their price target on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. UBS Group dropped their price objective on Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a report on Friday, July 11th. The Goldman Sachs Group cut their target price on Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Guggenheim began coverage on Equinix in a research report on Thursday, July 10th. They set a "buy" rating and a $933.00 price target for the company. Finally, New Street Research upgraded Equinix to a "strong-buy" rating in a report on Monday, April 28th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $962.52.

Equinix Trading Down 0.5%

Shares of EQIX opened at $772.19 on Friday. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The stock's 50-day moving average is $798.37 and its two-hundred day moving average is $840.09. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market cap of $75.57 billion, a PE ratio of 75.63, a P/E/G ratio of 1.40 and a beta of 0.90.

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

Equinix Dividend Announcement

The company also recently announced 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. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's payout ratio is presently 183.74%.

Insider Buying and Selling at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adaire Fox-Martin sold 2,949 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the completion of the transaction, the chief executive officer directly owned 9,615 shares of the company's stock, valued at $8,508,409.65. This represents a 23.47% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

About Equinix

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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