GC Wealth Management RIA LLC Has $2.83 Million Position in Equinix, Inc. $EQIX

Key Points

• GC Wealth Management RIA LLC increased its holdings in Equinix, Inc. by 164.1% in Q2, owning shares valued at approximately $2.83 million.
• Equinix recently declared a quarterly dividend of $4.69 per share, representing an annualized dividend yield of 2.4%.
• Analysts have mixed ratings on Equinix, with a consensus "Buy" rating and a target price of $962.52, reflecting a varied outlook on its future performance.

GC Wealth Management RIA LLC grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 164.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,552 shares of the financial services provider's stock after acquiring an additional 2,207 shares during the period. GC Wealth Management RIA LLC's holdings in Equinix were worth $2,826,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EQIX. Truist Financial Corp lifted its stake in shares of Equinix by 8.2% in the first quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider's stock valued at $42,643,000 after buying an additional 3,981 shares in the last quarter. Elliott Investment Management L.P. bought a new position in Equinix in the 1st quarter valued at about $122,302,000. Nisa Investment Advisors LLC lifted its position in Equinix by 71.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider's stock valued at $60,690,000 after acquiring an additional 31,073 shares in the last quarter. First United Bank & Trust bought a new position in Equinix in the 1st quarter valued at about $451,000. Finally, Gradient Investments LLC lifted its position in Equinix by 19.4% in the 2nd quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider's stock valued at $19,635,000 after acquiring an additional 4,015 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction on Monday, August 18th. The shares were 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 of the company's stock, valued at $13,935,708. The trade was a 0.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Raouf Abdel sold 404 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JMP Securities restated a "market outperform" rating and issued a $1,200.00 target price on shares of Equinix in a report on Tuesday, July 22nd. Wolfe Research lowered Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Bank of America dropped their price target on Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Wall Street Zen lowered Equinix from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Finally, Dbs Bank upgraded Equinix to a "moderate buy" rating in a research note on Wednesday, August 6th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $962.52.

Equinix Stock Performance

Shares of EQIX opened at $790.34 on Monday. The firm has a market cap of $77.34 billion, a PE ratio of 77.41, a PEG ratio of 1.41 and a beta of 0.92. The stock's fifty day moving average price is $783.91 and its two-hundred day moving average price is $816.41. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. 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 announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the previous year, the business posted $9.22 EPS. The firm's quarterly 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. On average, equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were given a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix's payout ratio is 183.74%.

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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