Flputnam Investment Management Co. Has $1.05 Million Stock Holdings in Equinix, Inc. $EQIX

Key Points

• Flputnam Investment Management Co. reduced its stake in Equinix, Inc. by 30.4% in the first quarter, selling 565 shares and holding a total of 1,293 shares worth approximately $1,054,000.
• Equinix's latest earnings report revealed $9.91 earnings per share, significantly exceeding analysts' expectations of $3.49, with revenue growing 4.5% year-over-year.
• Equinix declared a dividend of $4.69 per share with an annualized yield of 2.4%, despite a high dividend payout ratio of 183.74%.

Flputnam Investment Management Co. lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 30.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,293 shares of the financial services provider's stock after selling 565 shares during the quarter. Flputnam Investment Management Co.'s holdings in Equinix were worth $1,054,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in shares of Equinix by 39.5% in the 1st quarter. Royal Bank of Canada now owns 283,892 shares of the financial services provider's stock valued at $231,472,000 after acquiring an additional 80,423 shares during the last quarter. Retirement Planning Co of New England Inc. bought a new position in shares of Equinix in the 1st quarter valued at $208,000. MAI Capital Management lifted its stake in shares of Equinix by 3.8% in the 1st quarter. MAI Capital Management now owns 2,739 shares of the financial services provider's stock valued at $2,233,000 after acquiring an additional 100 shares during the last quarter. Quarry LP bought a new position in shares of Equinix in the 1st quarter valued at $31,000. Finally, Saudi Central Bank bought a new position in shares of Equinix in the 1st quarter valued at $31,000. 94.94% of the stock is currently owned by institutional investors.

Equinix Trading Down 1.3%

Equinix stock traded down $9.90 during trading hours on Monday, reaching $763.78. 81,212 shares of the company's stock were exchanged, compared to its average volume of 606,569. 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 firm's 50 day simple moving average is $780.36 and its 200 day simple moving average is $826.81. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The firm has a market capitalization of $74.74 billion, a PE ratio of 74.71, a PEG ratio of 1.38 and a beta of 0.92.

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 for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the business posted $9.22 EPS. The business's 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. Research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders 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 yield of 2.5%. The ex-dividend date is Wednesday, August 20th. Equinix's dividend payout ratio (DPR) is presently 183.74%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EQIX. Mizuho dropped their price target on Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a research note on Tuesday, July 1st. Bank of America lowered their target price on Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Wells Fargo & Company lowered their target price on Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Stifel Nicolaus lowered their target price on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Finally, JPMorgan Chase & Co. raised their target price on Equinix from $935.00 to $940.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Five analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $962.52.

Insiders Place Their Bets

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