Equinix, Inc. $EQIX Holdings Lessened by Presima Securities ULC

Key Points

• Presima Securities ULC has reduced its position in Equinix, Inc. by 16.0%, owning 45,360 shares after selling 8,619 shares in the first quarter.
• Equinix has recently announced a quarterly dividend of $4.69, translating to an annualized dividend of $18.76 and a dividend yield of 2.4%.
• The company reported $9.91 EPS for the last quarter, significantly exceeding the consensus estimate of $3.49 EPS.

Presima Securities ULC reduced its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 16.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,360 shares of the financial services provider's stock after selling 8,619 shares during the period. Equinix makes up approximately 8.3% of Presima Securities ULC's portfolio, making the stock its 4th biggest position. Presima Securities ULC's holdings in Equinix were worth $36,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of EQIX. Truist Financial Corp raised its stake in shares of Equinix by 8.2% in the 1st quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider's stock valued at $42,643,000 after acquiring an additional 3,981 shares during the period. Elliott Investment Management L.P. acquired a new stake in Equinix in the 1st quarter valued at approximately $122,302,000. Nisa Investment Advisors LLC raised its position in Equinix by 71.7% in the first quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider's stock valued at $60,690,000 after purchasing an additional 31,073 shares during the period. First United Bank & Trust acquired a new position in Equinix during the first quarter worth $451,000. Finally, Partners Group Holding AG lifted its stake in Equinix by 10.6% during the first quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider's stock worth $42,225,000 after purchasing an additional 4,968 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analyst Weigh In

EQIX has been the topic of several research analyst reports. Bank of America cut their price objective on Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Stifel Nicolaus dropped their target price on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Dbs Bank raised shares of Equinix to a "moderate buy" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. lifted their price objective on shares of Equinix from $935.00 to $940.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Scotiabank reduced their target price 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. Five 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, the stock has an average rating of "Buy" and a consensus target price of $962.52.

Equinix Stock Up 0.1%

Shares of NASDAQ:EQIX traded up $1.06 during trading hours on Wednesday, reaching $780.60. The stock had a trading volume of 488,572 shares, compared to its average volume of 390,192. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The firm's 50 day moving average is $779.45 and its 200-day moving average is $825.41. The stock has a market capitalization of $76.39 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 1.39 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 (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $6.42. The business had revenue of $2.26 billion during 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 company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be issued a $4.69 dividend. 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 is presently 183.74%.

Insider Buying and Selling at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 17,832 shares in the company, valued at $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.27% of the company's stock.

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.