OFI Invest Asset Management Decreases Stake in Equinix, Inc. $EQIX

Key Points

• OFI Invest Asset Management has decreased its stake in Equinix, Inc. by 31.1% in the second quarter, now holding 4,566 shares worth approximately $3.63 million.
• Equinix recently reported earnings of $9.91 per share, significantly exceeding analysts' estimates of $3.49, while quarterly revenue was up 4.5% year-over-year.
• The company declared a quarterly dividend of $4.69 per share with a current dividend yield of 2.3%, although its payout ratio stands at 183.74%.

OFI Invest Asset Management lowered its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 31.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,566 shares of the financial services provider's stock after selling 2,059 shares during the quarter. OFI Invest Asset Management's holdings in Equinix were worth $3,632,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of EQIX. Vanguard Group Inc. lifted its position 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 worth $10,523,576,000 after acquiring an additional 242,121 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in Equinix by 298,148.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider's stock worth $6,488,728,000 after acquiring an additional 8,154,365 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Equinix by 22.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock worth $1,296,871,000 after acquiring an additional 291,753 shares in the last quarter. Northern Trust Corp lifted its position in Equinix by 2.7% during the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider's stock worth $1,243,013,000 after acquiring an additional 40,734 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Equinix by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider's stock worth $1,087,334,000 after acquiring an additional 25,290 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Stock Performance

Shares of EQIX opened at $800.60 on Friday. The business's 50 day moving average is $782.79 and its two-hundred day moving average is $812.67. 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 $78.35 billion, a price-to-earnings ratio of 78.41, a PEG ratio of 1.38 and a beta of 0.92. 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 (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 company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the company posted $9.22 EPS. Equinix'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. Analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix's dividend payout ratio is currently 183.74%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EQIX shares. Mizuho reduced their price target on Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 1st. Weiss Ratings reissued a "hold (c)" rating on shares of Equinix in a research report on Wednesday. Truist Financial boosted their price target on Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Wells Fargo & Company reduced their price target on Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Finally, BMO Capital Markets lowered Equinix from an "outperform" rating to a "market perform" rating and cut their target price for the company from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $960.65.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 404 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president directly owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. This represents a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the company's stock in a transaction that occurred 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 sale, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

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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