Fortis Capital Advisors LLC Buys Shares of 599 Equinix, Inc. $EQIX

Key Points

• Fortis Capital Advisors LLC purchased 599 shares of Equinix, Inc. valued at approximately $488,000 in the first quarter.
• Equinix reported $9.91 earnings per share (EPS) for the last quarter, significantly beating the consensus estimate, and their revenue increased by 4.5% year-over-year.
• The company declared a quarterly dividend of $4.69, resulting in an annualized yield of 2.4% with a high dividend payout ratio of 183.74%.

Fortis Capital Advisors LLC bought a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 599 shares of the financial services provider's stock, valued at approximately $488,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its holdings in Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 17 shares in the last quarter. Pinney & Scofield Inc. purchased a new position in Equinix in the 4th quarter valued at about $28,000. GKV Capital Management Co. Inc. purchased a new position in Equinix in the 1st quarter valued at about $30,000. Saudi Central Bank purchased a new position in Equinix in the 1st quarter valued at about $31,000. Finally, Quarry LP acquired a new position in shares of Equinix during the 1st quarter valued at about $31,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Stock Up 0.1%

EQIX opened at $780.60 on Thursday. The firm has a 50 day moving average price of $779.16 and a 200 day moving average price of $825.10. The company has a market cap 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. 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 issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $2.26 billion. During the same quarter last year, the company earned $9.22 earnings per share. Equinix's revenue for the quarter 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 expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be given a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix's dividend payout ratio (DPR) is 183.74%.

Insider Transactions at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were 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 of the company's stock, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EQIX. The Goldman Sachs Group dropped their price objective on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a research note on Wednesday, July 2nd. Dbs Bank raised shares of Equinix to a "moderate buy" rating in a research note on Wednesday, August 6th. Stifel Nicolaus dropped their price objective on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Cfra Research downgraded shares of Equinix from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Bank of America dropped their price objective on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research note 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 given a Hold rating to the stock. Based on data from MarketBeat, Equinix 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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