Equinix, Inc. $EQIX Stock Position Increased by Gagnon Advisors LLC

Key Points

• Gagnon Advisors LLC increased its stake in Equinix, Inc. by 37.8% during the second quarter, making it the firm's 6th largest position, with holdings valued at approximately $8.5 million.
• Equinix reported earnings per share of $9.91 for the latest quarter, significantly exceeding the consensus estimate by $6.42, and its revenue was up 4.5% year-over-year.
• The company's current dividend yield stands at 2.4%, with a quarterly dividend of $4.69 paid recently, although its dividend payout ratio is notably high at 183.74%.

Gagnon Advisors LLC boosted its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 37.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,715 shares of the financial services provider's stock after acquiring an additional 2,937 shares during the quarter. Equinix accounts for approximately 5.7% of Gagnon Advisors LLC's holdings, making the stock its 6th largest position. Gagnon Advisors LLC's holdings in Equinix were worth $8,523,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 1 North Wealth Services LLC increased its stake in shares of Equinix by 5.1% in the 2nd quarter. 1 North Wealth Services LLC now owns 832 shares of the financial services provider's stock worth $662,000 after purchasing an additional 40 shares in the last quarter. Shell Asset Management Co. grew its position in shares of Equinix by 22.7% during the second quarter. Shell Asset Management Co. now owns 4,510 shares of the financial services provider's stock valued at $3,588,000 after purchasing an additional 835 shares in the last quarter. Roundview Capital LLC grew its position in shares of Equinix by 2.1% during the second quarter. Roundview Capital LLC now owns 811 shares of the financial services provider's stock valued at $645,000 after purchasing an additional 17 shares in the last quarter. KLP Kapitalforvaltning AS grew its position in shares of Equinix by 4.5% during the second quarter. KLP Kapitalforvaltning AS now owns 37,468 shares of the financial services provider's stock valued at $29,805,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Franchise Capital Ltd lifted its holdings in shares of Equinix by 52.8% in the 2nd quarter. Franchise Capital Ltd now owns 217 shares of the financial services provider's stock valued at $173,000 after acquiring an additional 75 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Stock Down 0.3%

Shares of NASDAQ EQIX opened at $787.08 on Wednesday. The company has a 50-day moving average of $781.62 and a 200 day moving average of $813.44. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock has a market cap of $77.02 billion, a PE ratio of 77.09, a P/E/G ratio of 1.41 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating 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 business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company 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, sell-side analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

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

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EQIX shares. Weiss Ratings restated a "hold (c)" rating on shares of Equinix in a research report on Saturday, September 27th. Truist Financial lifted their price objective on shares of Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Guggenheim started coverage on shares of Equinix in a report on Thursday, July 10th. They set a "buy" rating and a $933.00 price objective on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $1,200.00 price target on shares of Equinix in a report on Tuesday, July 22nd. Finally, Cfra Research downgraded shares of Equinix from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $960.65.

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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