FCG Investment Co Buys New Shares in Equinix, Inc. $EQIX

Key Points

• FCG Investment Co has made a new investment in Equinix, Inc., acquiring 1,336 shares valued at approximately $1,089,000 during the first quarter.
• Equinix reported a quarterly earnings of $9.91 per share, significantly exceeding analysts' expectations of $3.49, alongside revenue of $2.26 billion for the quarter.
• The company declared a quarterly dividend of $4.69, with an annualized dividend yield of 2.4%, despite a high dividend payout ratio of 183.74%.

FCG Investment Co bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,336 shares of the financial services provider's stock, valued at approximately $1,089,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EQIX. GAMMA Investing LLC increased its stake 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 valued at $725,957,000 after buying an additional 889,282 shares during the period. Nuveen LLC bought a new position in Equinix in the first quarter valued at about $662,663,000. Northern Trust Corp increased its position in Equinix by 65.3% in the fourth quarter. Northern Trust Corp now owns 1,483,781 shares of the financial services provider's stock worth $1,399,042,000 after purchasing an additional 586,034 shares during the period. JPMorgan Chase & Co. raised its holdings in Equinix by 22.5% during 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 purchasing an additional 291,753 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Equinix by 169.7% during the 1st quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider's stock valued at $321,427,000 after purchasing an additional 248,075 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EQIX shares. Bank of America lowered their price target on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Barclays raised their price objective on shares of Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a research note on Wednesday. Cowen reiterated a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. JPMorgan Chase & Co. increased their price target on Equinix from $935.00 to $940.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Citigroup lifted their price objective on Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $962.52.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of the 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 directly owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adaire Fox-Martin sold 2,949 shares of Equinix stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly 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 disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Equinix Trading Down 0.5%

Shares of EQIX traded down $4.10 during trading hours on Thursday, reaching $772.19. The stock had a trading volume of 345,158 shares, compared to its average volume of 623,219. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The firm has a 50-day moving average of $800.85 and a 200 day moving average of $841.08. The company has a market cap of $75.57 billion, a P/E ratio of 75.63, a P/E/G ratio of 1.39 and a beta of 0.90.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the company posted $9.22 earnings per share. The company's revenue for the quarter was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, sell-side analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be given a $4.69 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix's payout ratio is currently 183.74%.

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.