Groupe la Francaise Has $3.11 Million Stock Position in Equinix, Inc. $EQIX

Key Points

• Groupe la Francaise increased its stake in Equinix, Inc. by 13.2%, owning 3,762 shares worth approximately $3.11 million at the end of the reporting period.
• Equinix recently reported earnings of $9.91 EPS for the quarter, significantly exceeding analysts' forecast of $3.49 EPS, and recorded a revenue of $2.26 billion.
• The company announced a quarterly dividend of $4.69, reflecting a 2.4% dividend yield and a payout ratio of 183.74%.

Groupe la Francaise grew its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 13.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,762 shares of the financial services provider's stock after purchasing an additional 439 shares during the period. Groupe la Francaise's holdings in Equinix were worth $3,105,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pinney & Scofield Inc. acquired a new stake in Equinix in the fourth quarter worth $28,000. GKV Capital Management Co. Inc. acquired a new stake in Equinix in the first quarter worth $30,000. Whipplewood Advisors LLC raised its holdings in Equinix by 127.8% in the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock worth $33,000 after purchasing an additional 23 shares during the period. Cornerstone Planning Group LLC raised its holdings in 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 period. Finally, Pacific Center for Financial Services raised 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 worth $36,000 after purchasing an additional 15 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Up 1.8%

Shares of Equinix stock opened at $786.47 on Friday. The business's 50 day simple moving average is $796.24 and its 200 day simple moving average is $838.47. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03. The firm has a market cap of $76.97 billion, a PE ratio of 77.03, a P/E/G ratio of 1.42 and a beta of 0.90. 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 announced its earnings results 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 analyst estimates of $2.26 billion. During the same quarter last year, the firm earned $9.22 EPS. Equinix's revenue for the quarter 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, analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors 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 dividend on an annualized basis and a dividend yield of 2.4%. Equinix's payout ratio is currently 183.74%.

Analyst Ratings Changes

Several research firms have weighed in on EQIX. Cowen reiterated a "buy" rating on shares of Equinix in a report on Thursday, July 3rd. BMO Capital Markets downgraded shares of Equinix from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $1,045.00 to $850.00 in a report on Thursday, June 26th. JPMorgan Chase & Co. raised their target price on shares of Equinix from $935.00 to $940.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. UBS Group dropped their target price on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Finally, Scotiabank dropped their target price on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating on the stock in a report on Thursday, June 26th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Equinix presently has an average rating of "Buy" and an average price target of $962.52.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of Equinix 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 sale, the director owned 17,832 shares of the company's stock, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adaire Fox-Martin sold 2,949 shares of Equinix stock in a transaction dated 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 directly owned 9,615 shares in the company, valued at approximately $8,508,409.65. This represents a 23.47% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

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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