Equinix, Inc. $EQIX Shares Sold by Pensionfund Sabic

Key Points

• Pensionfund Sabic has reduced its holdings in Equinix, Inc. by 9.3%, now owning 4,890 shares worth approximately $3.99 million.
• Equinix reported earnings of $9.91 per share, significantly exceeding analysts' expectations of $3.49 per share, with revenues of $2.26 billion.
• The company announced a quarterly dividend of $4.69 per share, representing an annualized yield of 2.4%, despite a high dividend payout ratio of 183.74%.

Pensionfund Sabic reduced its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 9.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,890 shares of the financial services provider's stock after selling 500 shares during the period. Equinix comprises 1.2% of Pensionfund Sabic's portfolio, making the stock its 14th largest position. Pensionfund Sabic's holdings in Equinix were worth $3,987,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Equinix during the first quarter worth $3,296,000. Voya Investment Management LLC lifted its position in shares of Equinix by 27.0% during the first quarter. Voya Investment Management LLC now owns 222,442 shares of the financial services provider's stock worth $181,368,000 after purchasing an additional 47,262 shares in the last quarter. BROOKFIELD Corp ON lifted its position in shares of Equinix by 2.7% during the first quarter. BROOKFIELD Corp ON now owns 73,197 shares of the financial services provider's stock worth $59,681,000 after purchasing an additional 1,942 shares in the last quarter. Nicola Wealth Management LTD. lifted its position in shares of Equinix by 10.4% during the first quarter. Nicola Wealth Management LTD. now owns 3,931 shares of the financial services provider's stock worth $3,205,000 after purchasing an additional 370 shares in the last quarter. Finally, First Hawaiian Bank lifted its position in shares of Equinix by 34.2% during the first quarter. First Hawaiian Bank now owns 663 shares of the financial services provider's stock worth $541,000 after purchasing an additional 169 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Down 1.1%

Shares of NASDAQ:EQIX opened at $788.61 on Friday. The stock has a market capitalization of $77.17 billion, a price-to-earnings ratio of 77.24, a price-to-earnings-growth 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 company's fifty day moving average is $779.38 and its two-hundred day moving average is $823.52. 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 (NASDAQ:EQIX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping analysts' consensus estimates of $3.49 by $6.42. The company had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company 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 anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

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 issued 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 dividend payout ratio is 183.74%.

Insiders Place Their Bets

In other Equinix news, EVP Raouf Abdel sold 404 shares of the 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 sale, the executive vice president directly owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. This represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the 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 sale, the director directly owned 17,832 shares in the company, valued at $13,935,708. This trade 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 corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wolfe Research cut shares of Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Cfra Research lowered shares of Equinix from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. 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 note on Wednesday, July 2nd. Wall Street Zen lowered shares of Equinix from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Finally, BMO Capital Markets lowered shares of Equinix from an "outperform" rating to a "market perform" rating and cut their target price for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $962.52.

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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