Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Souders Financial Advisors

Souders Financial Advisors cut its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 49.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,428 shares of the financial services provider's stock after selling 1,388 shares during the period. Souders Financial Advisors' holdings in Equinix were worth $1,165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Truist Financial Corp increased its position in shares of Equinix by 8.2% during the first quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider's stock worth $42,643,000 after purchasing an additional 3,981 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Equinix by 71.7% during 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 during the last quarter. First United Bank & Trust purchased a new position in shares of Equinix during the first quarter worth about $451,000. Miller Howard Investments Inc. NY grew its holdings in shares of Equinix by 20.1% during 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 buying an additional 646 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in Equinix by 113.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 17,954 shares of the financial services provider's stock valued at $14,639,000 after purchasing an additional 9,534 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Adaire Fox-Martin sold 2,949 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the transaction, the chief executive officer owned 9,615 shares in the company, valued at approximately $8,508,409.65. The trade was a 23.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 127 shares of Equinix stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total transaction of $111,467.90. Following the sale, the insider owned 1,842 shares in the company, valued at approximately $1,616,723.40. This trade represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,176 shares of company stock worth $2,808,008 in the last quarter. 0.27% of the stock is currently owned by company insiders.

Equinix Trading Up 0.3%

Equinix stock opened at $777.78 on Friday. The company has a 50 day moving average price of $846.17 and a 200 day moving average price of $862.76. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.65 and a current ratio of 1.65. The firm has a market capitalization of $76.08 billion, a price-to-earnings ratio of 80.85, a P/E/G ratio of 1.32 and a beta of 0.93.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.01 by $0.66. Equinix had a net margin of 10.48% and a return on equity of 6.96%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the firm earned $8.86 EPS. The company's revenue was up 4.1% compared to the same quarter last year. Research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were issued a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $18.76 annualized dividend and a yield of 2.41%. Equinix's dividend payout ratio (DPR) is presently 195.01%.

Analyst Ratings Changes

EQIX has been the subject of several research reports. New Street Research upgraded Equinix to a "strong-buy" rating in a research report on Monday, April 28th. UBS Group cut their price objective on Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Cfra Research downgraded Equinix from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, June 26th. Barclays cut their price target on Equinix from $837.00 to $798.00 and set an "equal weight" rating for the company in a report on Friday, July 11th. Finally, Stifel Nicolaus cut their price target on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $957.05.

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.

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