Nicola Wealth Management LTD. Grows Holdings in Equinix, Inc. $EQIX

Key Points

• Nicola Wealth Management LTD. increased its stake in Equinix, Inc. by 10.4%, owning a total of 3,931 shares valued at approximately $3.2 million at the end of the reporting period.
• Equinix reported $9.91 earnings per share (EPS) for the last quarter, significantly exceeding analyst estimates of $3.49, and had a revenue of $2.26 billion.
• The company announced a quarterly dividend of $4.69, representing an annualized dividend of $18.76 with a yield of 2.4%.

Nicola Wealth Management LTD. lifted its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 10.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,931 shares of the financial services provider's stock after acquiring an additional 370 shares during the quarter. Nicola Wealth Management LTD.'s holdings in Equinix were worth $3,205,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EQIX. GAMMA Investing LLC lifted its holdings in shares of Equinix by 82,340.9% in the 1st quarter. GAMMA Investing LLC now owns 890,362 shares of the financial services provider's stock worth $725,957,000 after acquiring an additional 889,282 shares during the last quarter. Nuveen LLC bought a new stake in shares of Equinix in the 1st quarter worth approximately $662,663,000. JPMorgan Chase & Co. lifted its holdings in shares of Equinix by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock worth $1,296,871,000 after acquiring an additional 291,753 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Equinix by 169.7% in the 1st quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider's stock worth $321,427,000 after acquiring an additional 248,075 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Equinix by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider's stock valued at $10,523,576,000 after buying an additional 242,121 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of recent analyst reports. Scotiabank lowered their price target on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a report on Thursday, June 26th. Cfra Research lowered shares of Equinix from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. Dbs Bank upgraded shares of Equinix to a "moderate buy" rating in a report on Wednesday, August 6th. Stifel Nicolaus lowered their price target on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Finally, The Goldman Sachs Group lowered their price target on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Five research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Equinix has a consensus rating of "Buy" and an average target price of $962.52.

Equinix Trading Down 1.1%

Equinix stock traded down $8.87 during mid-day trading on Friday, reaching $788.61. 367,783 shares of the company traded hands, compared to its average volume of 378,613. 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 firm's 50 day moving average price is $779.38 and its 200 day moving average price is $822.30. The firm has a market capitalization of $77.17 billion, a price-to-earnings ratio of 77.24, a P/E/G ratio of 1.41 and a beta of 0.92. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03.

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

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders 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 yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's payout ratio is presently 183.74%.

Insiders Place Their Bets

In other news, EVP Raouf Abdel sold 404 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares of the company's stock, valued at $4,918,139.58. This represents a 5.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the company's stock in a transaction dated 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 directly 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.