Foresight Group Ltd Liability Partnership Acquires 665 Shares of Equinix, Inc. $EQIX

Key Points

• Foresight Group Ltd Liability Partnership has increased its stake in Equinix, Inc. by 3.2%, acquiring 665 additional shares, bringing its total holdings to 21,701 shares valued at approximately $17.47 million.
• Equinix reported earnings of $9.91 per share for the last quarter, significantly surpassing analysts' expectations of $3.49, and achieved revenue of $2.26 billion.
• The company announced a quarterly dividend of $4.69 per share, with a dividend yield of 2.4% and a payout ratio of 183.74%.

Foresight Group Ltd Liability Partnership increased its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,701 shares of the financial services provider's stock after purchasing an additional 665 shares during the quarter. Equinix makes up 2.5% of Foresight Group Ltd Liability Partnership's investment portfolio, making the stock its 16th biggest holding. Foresight Group Ltd Liability Partnership's holdings in Equinix were worth $17,473,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EQIX. Pinney & Scofield Inc. bought a new stake in shares of Equinix in the 4th quarter valued at about $28,000. Activest Wealth Management lifted its stake in shares of Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock worth $25,000 after acquiring an additional 17 shares during the period. GKV Capital Management Co. Inc. acquired a new position in shares of Equinix in the first quarter worth approximately $30,000. Pacific Center for Financial Services boosted its holdings in Equinix by 65.2% in the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 15 shares during the last quarter. Finally, Saudi Central Bank acquired a new stake in Equinix during the 1st quarter valued at approximately $31,000. 94.94% of the stock is owned by institutional investors.

Equinix Price Performance

EQIX stock opened at $780.60 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The company's 50-day moving average is $779.16 and its 200-day moving average is $825.10. The stock has a market capitalization of $76.39 billion, a PE ratio of 76.45, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted 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. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be given 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 is presently 183.74%.

Insider Activity

In related 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 value of $58,612.50. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EQIX has been the topic of a number of analyst reports. Wolfe Research lowered shares of Equinix from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. The Goldman Sachs Group dropped their target price on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. Bank of America cut their price target on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Truist Financial lifted their price objective on Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, JMP Securities reissued a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a research note on Tuesday, July 22nd. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $962.52.

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.

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