NBC Securities Inc. Buys 4,900 Shares of Equinix, Inc. (NASDAQ:EQIX)

NBC Securities Inc. increased its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 122,500.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,904 shares of the financial services provider's stock after purchasing an additional 4,900 shares during the quarter. NBC Securities Inc.'s holdings in Equinix were worth $3,998,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Rothschild Investment LLC boosted its stake in shares of Equinix by 1.9% in the 4th quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock valued at $543,000 after purchasing an additional 11 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of Equinix by 3.2% in the 4th quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider's stock valued at $340,000 after purchasing an additional 11 shares in the last quarter. Great Lakes Retirement Inc. boosted its position in Equinix by 1.2% during the 4th quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock valued at $920,000 after buying an additional 12 shares during the period. Lake Street Advisors Group LLC boosted its position in Equinix by 1.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider's stock valued at $713,000 after buying an additional 12 shares during the period. Finally, First Financial Bankshares Inc boosted its position in Equinix by 0.5% during the 4th quarter. First Financial Bankshares Inc now owns 2,470 shares of the financial services provider's stock valued at $2,329,000 after buying an additional 13 shares during the period. Institutional investors own 94.94% of the company's stock.

Equinix Stock Performance

Shares of EQIX stock traded up $9.39 during trading hours on Thursday, reaching $921.59. The company had a trading volume of 209,907 shares, compared to its average volume of 524,001. The business has a fifty day moving average price of $835.81 and a 200-day moving average price of $890.74. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The firm has a market cap of $90.15 billion, a PE ratio of 107.79, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.01 by $0.66. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The firm's revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $8.86 earnings per share. Sell-side analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix's dividend payout ratio is currently 195.01%.

Insider Buying and Selling at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 2,949 shares of Equinix stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the transaction, the chief executive officer now owns 9,615 shares of the company's stock, valued at $8,508,409.65. The trade was a 23.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kurt Pletcher sold 127 shares of Equinix stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total transaction of $111,467.90. Following the transaction, the insider now directly owns 1,842 shares in the company, valued at $1,616,723.40. This represents a 6.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,176 shares of company stock valued at $2,808,008 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on EQIX. Barclays raised their target price on shares of Equinix from $834.00 to $837.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 27th. Citigroup raised their target price on shares of Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. JMP Securities reaffirmed a "market outperform" rating and issued a $1,200.00 target price on shares of Equinix in a research report on Friday, May 23rd. BMO Capital Markets dropped their target price on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Finally, Cowen reaffirmed a "buy" rating on shares of Equinix in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and six have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $1,004.80.

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.