IFM Investors Pty Ltd Has $28.46 Million Stock Position in Equinix, Inc. $EQIX

Key Points

• IFM Investors Pty Ltd reduced its stake in Equinix, Inc. by 6.8% during Q2, currently holding 35,781 shares valued at approximately $28.46 million.
• Equinix reported a strong earnings quarter with an EPS of $9.91, significantly surpassing analyst estimates of $3.49, and revenue of $2.26 billion.
• The company announced a quarterly dividend of $4.69 per share, with an annualized yield of 2.4% and a payout ratio of 183.74%.

IFM Investors Pty Ltd decreased its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,781 shares of the financial services provider's stock after selling 2,610 shares during the quarter. IFM Investors Pty Ltd's holdings in Equinix were worth $28,463,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Truist Financial Corp lifted its holdings 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 during the period. Elliott Investment Management L.P. purchased a new stake in shares of Equinix during the first quarter valued at $122,302,000. Nisa Investment Advisors LLC lifted its holdings in shares of Equinix by 71.7% during the first quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider's stock valued at $60,690,000 after purchasing an additional 31,073 shares during the last quarter. First United Bank & Trust purchased a new stake in shares of Equinix during the first quarter valued at $451,000. Finally, Gradient Investments LLC lifted its holdings in shares of Equinix by 19.4% during the second quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider's stock valued at $19,635,000 after purchasing an additional 4,015 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EQIX shares. UBS Group reduced their target price on Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a report on Friday, July 11th. Wolfe Research downgraded Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. JPMorgan Chase & Co. upped their price target on Equinix from $935.00 to $940.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. The Goldman Sachs Group dropped their price target on Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Finally, Dbs Bank raised Equinix to a "moderate buy" rating in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $962.52.

Insiders Place Their Bets

In related news, EVP Raouf Abdel sold 404 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the sale, the executive vice president directly owned 6,378 shares of the company's stock, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction 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 directly 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 disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Equinix Price Performance

Shares of Equinix stock traded up $3.77 during midday trading on Tuesday, hitting $801.84. 112,460 shares of the company were exchanged, compared to its average volume of 601,008. 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 firm has a market cap of $78.47 billion, a P/E ratio of 78.69, a PEG ratio of 1.41 and a beta of 0.92. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The firm has a 50 day simple moving average of $782.16 and a 200-day simple moving average of $817.74.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping the consensus estimate of $3.49 by $6.42. The business had revenue of $2.26 billion during 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%.Equinix's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were issued a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix's dividend payout ratio (DPR) is currently 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.