Equinix, Inc. $EQIX Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. has increased its stake in Equinix, Inc. by 4.0%, owning approximately $295 million worth of shares after purchasing an additional 13,945 shares.
• Equinix recently reported a Q2 EPS of $9.91, beating estimates of $3.49, with revenues up 4.5% year-over-year, amounting to $2.26 billion.
• The company announced a quarterly dividend of $4.69 per share, resulting in an annualized yield of 2.4%, despite its high dividend payout ratio of 183.74%.

American Century Companies Inc. grew its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 362,414 shares of the financial services provider's stock after acquiring an additional 13,945 shares during the period. American Century Companies Inc. owned about 0.37% of Equinix worth $295,494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EQIX. Truist Financial Corp raised its stake in Equinix by 8.2% in the first quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider's stock worth $42,643,000 after buying an additional 3,981 shares in the last quarter. Nisa Investment Advisors LLC raised its stake 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 worth $60,690,000 after buying an additional 31,073 shares in the last quarter. First United Bank & Trust bought a new position in Equinix in the first quarter worth about $451,000. Miller Howard Investments Inc. NY grew its holdings in Equinix by 20.1% in the first quarter. Miller Howard Investments Inc. NY now owns 3,864 shares of the financial services provider's stock worth $3,150,000 after purchasing an additional 646 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in Equinix by 113.2% in the first quarter. Crossmark Global Holdings Inc. now owns 17,954 shares of the financial services provider's stock worth $14,639,000 after purchasing an additional 9,534 shares during the period. 94.94% of the stock is owned by institutional investors.

Equinix Price Performance

Shares of EQIX stock traded up $3.81 on Tuesday, hitting $773.46. 301,197 shares of the stock traded hands, compared to its average volume of 626,278. The firm has a market cap of $75.69 billion, a price-to-earnings ratio of 75.76, a PEG ratio of 1.41 and a beta of 0.90. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The firm has a 50 day simple moving average of $805.88 and a two-hundred day simple moving average of $842.00. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating the consensus estimate of $3.49 by $6.42. The firm 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 revenue was up 4.5% on a year-over-year basis. During the same period last 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. As a group, equities 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. Shareholders of record on Wednesday, August 20th will be paid 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 of this dividend is Wednesday, August 20th. Equinix's dividend payout ratio (DPR) is presently 183.74%.

Insider Activity at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 2,949 shares of Equinix stock in a transaction on 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 trade represents a 23.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.27% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EQIX. Wells Fargo & Company cut their price objective on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. New Street Research upgraded shares of Equinix to a "strong-buy" rating in a report on Monday, April 28th. BNP Paribas upgraded shares of Equinix to a "strong-buy" rating in a report on Thursday, May 1st. Stifel Nicolaus cut their price target on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Finally, Mizuho dropped their target price on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a report on Tuesday, July 1st. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $962.24.

Equinix Company 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.