Integrity Alliance LLC. purchased a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 964 shares of the financial services provider's stock, valued at approximately $786,000.
A number of other large investors have also recently added to or reduced their stakes in EQIX. Brighton Jones LLC lifted its position in shares of Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock worth $307,000 after purchasing an additional 73 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in Equinix during the fourth quarter valued at approximately $2,027,000. DigitalBridge Group Inc. raised its stake in Equinix by 8.4% during the fourth quarter. DigitalBridge Group Inc. now owns 197,696 shares of the financial services provider's stock valued at $186,406,000 after buying an additional 15,344 shares in the last quarter. Focus Partners Wealth lifted its holdings in Equinix by 91.2% during the 4th quarter. Focus Partners Wealth now owns 2,155 shares of the financial services provider's stock worth $2,192,000 after buying an additional 1,028 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new position in shares of Equinix in the 4th quarter worth approximately $763,000. 94.94% of the stock is currently owned by institutional investors.
Equinix Stock Performance
Equinix stock traded down $8.87 during mid-day trading on Friday, hitting $788.61. 367,783 shares of the company's stock traded hands, compared to its average volume of 378,613. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The firm has a 50 day moving average price of $779.38 and a 200 day moving average price of $822.92. The company has a market cap of $77.17 billion, a PE ratio of 77.24, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92.
Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating analysts' consensus estimates of $3.49 by $6.42. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, equities analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.
Equinix Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be issued a $4.69 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix's dividend payout ratio (DPR) is 183.74%.
Insider Activity at Equinix
In other news, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the sale, the director directly owned 17,832 shares of the company's stock, valued at $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Raouf Abdel sold 404 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the transaction, the executive vice president 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 disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Truist Financial upped their price target on Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. BMO Capital Markets lowered shares of Equinix from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Cowen restated a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. The Goldman Sachs Group lowered 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 report on Wednesday, July 2nd. Finally, Cfra Research lowered shares of Equinix from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $962.52.
Read Our Latest Stock Analysis on Equinix
About Equinix
(
Free Report)
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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