PFG Investments LLC Takes Position in Equinix, Inc. $EQIX

Key Points

• PFG Investments LLC acquired a new position in Equinix, purchasing 1,114 shares valued at approximately $886,000.
• Equinix reported strong quarterly earnings of $9.91 per share, significantly exceeding the consensus estimate of $3.49, with revenues of $2.26 billion.
• The company declared a quarterly dividend of $4.69 per share, reflecting an annualized yield of 2.4%, with a payout ratio of 183.74%.

PFG Investments LLC purchased a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,114 shares of the financial services provider's stock, valued at approximately $886,000.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Equinix by 28.9% during the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock valued at $307,000 after purchasing an additional 73 shares in the last quarter. Merit Financial Group LLC lifted its holdings in Equinix by 29.7% in the first quarter. Merit Financial Group LLC now owns 1,122 shares of the financial services provider's stock worth $915,000 after buying an additional 257 shares during the period. Whipplewood Advisors LLC lifted its holdings in Equinix by 127.8% in the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock worth $33,000 after buying an additional 23 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in Equinix by 21.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,944 shares of the financial services provider's stock valued at $1,585,000 after acquiring an additional 337 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Equinix by 30.2% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 82 shares of the financial services provider's stock worth $67,000 after acquiring an additional 19 shares during the period. Institutional investors own 94.94% of the company's stock.

Equinix Stock Performance

Shares of EQIX stock opened at $772.60 on Friday. The company has a market capitalization of $75.61 billion, a price-to-earnings ratio of 75.67, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The company's 50-day moving average is $782.63 and its 200 day moving average is $814.92.

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 (EPS) for the quarter, topping the consensus estimate of $3.49 by $6.42. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Sell-side analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders 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 dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix's dividend payout ratio is presently 183.74%.

Insider Buying and Selling at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction dated Monday, August 18th. The stock was 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 in the company, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raouf Abdel sold 404 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the transaction, the executive vice president owned 6,378 shares in the company, valued at $4,918,139.58. This represents a 5.96% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EQIX. Wall Street Zen cut Equinix from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Cfra Research lowered Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. Truist Financial upped their target price on shares of Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Wolfe Research cut shares of Equinix from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Finally, Barclays boosted their price objective on shares of Equinix from $798.00 to $804.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 20th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target 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.

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