Federation des caisses Desjardins du Quebec Acquires 537 Shares of Equinix, Inc. $EQIX

Key Points

• The Federation des caisses Desjardins du Quebec increased its holdings in Equinix, Inc. by 13.9%, adding 537 shares, bringing its total to 4,389 shares worth approximately $3.58 million.
• Equinix announced a quarterly dividend of $4.69 per share, with a current dividend yield of 2.4%, and a dividend payout ratio of 183.74%.
• Recent analyst ratings for Equinix include a mix of Buy and Hold ratings, with an average target price of $962.52, as five analysts rate it a Strong Buy.

Federation des caisses Desjardins du Quebec boosted its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 13.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,389 shares of the financial services provider's stock after purchasing an additional 537 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Equinix were worth $3,578,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EQIX. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 889,282 shares during the period. Nuveen LLC bought a new position in shares of Equinix during the 1st quarter valued at approximately $662,663,000. JPMorgan Chase & Co. boosted its position in shares of Equinix by 22.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock valued at $1,296,871,000 after acquiring an additional 291,753 shares during the last quarter. National Bank of Canada FI boosted its position in shares of 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 acquiring an additional 248,075 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 242,121 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EQIX. JMP Securities reiterated a "market outperform" rating and set a $1,200.00 target price on shares of Equinix in a research report on Tuesday, July 22nd. Cfra Research lowered Equinix from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. Barclays increased their price target on Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Cowen restated a "buy" rating on shares of Equinix in a report on Thursday, July 3rd. Finally, Wells Fargo & Company decreased their price target on Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $962.52.

Equinix Trading Up 0.3%

NASDAQ EQIX traded up $2.65 during trading on Wednesday, hitting $782.19. The company had a trading volume of 259,521 shares, compared to its average volume of 605,361. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The company has a market cap of $76.54 billion, a price-to-earnings ratio of 76.80, a price-to-earnings-growth ratio of 1.37 and a beta of 0.92. The company's fifty day moving average is $779.45 and its 200-day moving average is $825.41.

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

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $4.69 per share. 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

In other news, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the sale, the director owned 17,832 shares of the company's stock, valued at $13,935,708. This trade represents a 0.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.27% of the stock is currently owned by insiders.

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.