Kovitz Investment Group Partners LLC Increases Position in Equinix, Inc. $EQIX

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Equinix, Inc. by 65.3%, acquiring an additional 1,005 shares, bringing its total holdings to 2,543 shares valued at approximately $2.07 million.
• Equinix recently declared a quarterly dividend of $4.69 per share, with an annualized dividend yield of 2.4%, despite a relatively high payout ratio of 183.74%.
• Analysts maintain a consensus rating of Moderate Buy for Equinix stock, with a revised average target price of $962.24, following various upgrades and downgrades from multiple research firms.

Kovitz Investment Group Partners LLC increased its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 65.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,543 shares of the financial services provider's stock after acquiring an additional 1,005 shares during the period. Kovitz Investment Group Partners LLC's holdings in Equinix were worth $2,074,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Equinix by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider's stock valued at $10,523,576,000 after buying an additional 242,121 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Equinix by 0.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,902,053 shares of the financial services provider's stock worth $1,793,429,000 after purchasing an additional 14,294 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Equinix by 22.5% during the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock worth $1,296,871,000 after purchasing an additional 291,753 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Equinix by 65.3% during the fourth quarter. Northern Trust Corp now owns 1,483,781 shares of the financial services provider's stock worth $1,399,042,000 after purchasing an additional 586,034 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Equinix by 6.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,147,559 shares of the financial services provider's stock worth $1,082,022,000 after purchasing an additional 65,104 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Trading Up 1.8%

Shares of EQIX traded up $14.28 during trading hours on Friday, hitting $786.47. The stock had a trading volume of 317,006 shares, compared to its average volume of 461,883. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market cap of $76.96 billion, a P/E ratio of 77.03, a P/E/G ratio of 1.39 and a beta of 0.90. The company's fifty day simple moving average is $796.24 and its 200 day simple moving average is $839.14. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping the consensus estimate 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 period last year, the company posted $9.22 EPS. The business's quarterly revenue 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. Equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The business 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 Activity

In other Equinix news, CEO Adaire Fox-Martin sold 2,949 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total value of $2,609,599.59. Following the transaction, the chief executive officer directly owned 9,615 shares of the company's stock, valued at $8,508,409.65. This trade represents a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 17,832 shares in the company, 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.

Analysts Set New Price Targets

Several research firms have recently issued reports on EQIX. Cowen restated a "buy" rating on shares of Equinix in a report on Thursday, July 3rd. BMO Capital Markets cut Equinix from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $1,045.00 to $850.00 in a report on Thursday, June 26th. Guggenheim began coverage on Equinix in a report on Thursday, July 10th. They set a "buy" rating and a $933.00 price objective on the stock. Wolfe Research cut Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Finally, Bank of America cut their target price on Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Equinix currently has a consensus 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.