FORA Capital LLC Buys Shares of 7,379 Equinix, Inc. $EQIX

Key Points

• FORA Capital LLC acquired 7,379 shares of Equinix, Inc. (NASDAQ:EQIX) valued at approximately $6 million in the first quarter, indicating strong institutional interest in the company.
• Equinix reported an impressive $9.91 EPS for the last quarter, far exceeding analysts' expectations and showing a 4.5% year-over-year revenue growth.
• The company announced a quarterly dividend of $4.69 per share, with an annualized yield of 2.4%, despite a high dividend payout ratio of 183.74%.

FORA Capital LLC purchased a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,379 shares of the financial services provider's stock, valued at approximately $6,016,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its holdings in shares of Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after purchasing an additional 12 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Equinix by 0.8% in the first quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock worth $1,182,000 after purchasing an additional 12 shares during the last quarter. AE Wealth Management LLC increased its holdings in shares of Equinix by 5.1% in the first quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock worth $202,000 after purchasing an additional 12 shares during the last quarter. Gitterman Wealth Management LLC increased its holdings in shares of Equinix by 5.0% in the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock worth $206,000 after purchasing an additional 12 shares during the last quarter. Finally, Griffin Asset Management Inc. increased its holdings in shares of Equinix by 0.7% in the first quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock worth $1,444,000 after purchasing an additional 13 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Down 0.5%

EQIX opened at $782.38 on Tuesday. The stock has a market cap of $76.56 billion, a price-to-earnings ratio of 76.63, a P/E/G ratio of 1.42 and a beta of 0.90. The stock's 50 day moving average price is $794.13 and its 200-day moving average price is $836.71. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54.

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

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be paid a dividend of $4.69 per share. The ex-dividend date of this dividend 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%.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction that occurred on 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 owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adaire Fox-Martin sold 2,949 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the completion of the sale, the chief executive officer owned 9,615 shares of the company's stock, valued at $8,508,409.65. The trade was a 23.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EQIX shares. BNP Paribas raised Equinix to a "strong-buy" rating in a report on Thursday, May 1st. JMP Securities reissued a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a research note on Tuesday, July 22nd. Stifel Nicolaus reduced their price objective on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Wall Street Zen cut Equinix from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Finally, Cfra Research cut Equinix from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. 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. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $962.52.

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.

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