Equinix, Inc. $EQIX Shares Sold by First Financial Bankshares Inc

Key Points

• First Financial Bankshares Inc significantly reduced its stake in Equinix, Inc. by 88.4%, selling 2,183 shares and bringing its total holdings to 287 shares valued at approximately $234,000.
• Analysts have mixed viewpoints on Equinix, with price targets ranging from $904 to $1,200, while the consensus rating for the stock is a "Buy."
• Equinix declared a quarterly dividend of $4.69 per share, resulting in an annualized dividend of $18.76 and a yield of 2.4%, despite a high payout ratio of 183.74%.

First Financial Bankshares Inc decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 88.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287 shares of the financial services provider's stock after selling 2,183 shares during the period. First Financial Bankshares Inc's holdings in Equinix were worth $234,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position 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 in the last quarter. JPMorgan Chase & Co. lifted its position in Equinix by 22.5% during the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock valued at $1,296,871,000 after purchasing an additional 291,753 shares in the last quarter. Northern Trust Corp grew its stake in Equinix by 2.7% during the first quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider's stock valued at $1,243,013,000 after acquiring an additional 40,734 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Equinix by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider's stock worth $1,087,334,000 after buying an additional 25,290 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Equinix by 6.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,147,559 shares of the financial services provider's stock worth $1,082,022,000 after purchasing an additional 65,104 shares during the period. 94.94% of the stock is owned by institutional investors.

Equinix Stock Performance

EQIX traded up $5.75 on Friday, hitting $773.68. 321,970 shares of the company traded hands, compared to its average volume of 378,185. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The company has a 50 day moving average of $780.36 and a 200-day moving average of $827.60. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The stock has a market capitalization of $75.71 billion, a PE ratio of 75.78, a PEG ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last released its 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 return on equity of 7.22% and a net margin of 11.11%.The company had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the previous year, the firm posted $9.22 EPS. The firm's quarterly revenue 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. Sell-side analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

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

Wall Street Analysts Forecast Growth

EQIX has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Wall Street Zen downgraded shares of Equinix from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. The Goldman Sachs Group reduced their target price on Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Cfra Research cut Equinix from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, JMP Securities restated a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a research report on Tuesday, July 22nd. Five 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 stock. According to MarketBeat, Equinix presently has a consensus rating of "Buy" and an average price target of $962.52.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the stock in a transaction 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 sale, the director owned 17,832 shares in the company, valued at approximately $13,935,708. This represents a 0.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.27% of the company's stock.

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.