Prime Capital Investment Advisors LLC Sells 861 Shares of Equinix, Inc. $EQIX

Key Points

• Prime Capital Investment Advisors LLC reduced its holdings in Equinix, Inc. by 23.9%, now owning 2,743 shares valued at approximately $2.18 million.
• Equinix has announced a quarterly dividend of $4.69, equating to an annualized yield of 2.4%, but has a high dividend payout ratio of 183.74%.
• Analysts maintain a consensus rating of "Moderate Buy" for Equinix, with a consensus price target of $960.65, amidst various upgrades and price objective adjustments from different firms.

Prime Capital Investment Advisors LLC decreased its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 23.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,743 shares of the financial services provider's stock after selling 861 shares during the period. Prime Capital Investment Advisors LLC's holdings in Equinix were worth $2,182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Cornerstone Planning Group LLC raised its stake in Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after buying an additional 12 shares in the last quarter. Signaturefd LLC raised its stake in Equinix by 0.8% in the first quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock worth $1,182,000 after buying an additional 12 shares in the last quarter. AE Wealth Management LLC raised its stake in Equinix by 5.1% in the first quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock worth $202,000 after buying an additional 12 shares in the last quarter. Gitterman Wealth Management LLC raised its stake in Equinix by 5.0% in the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock worth $206,000 after buying an additional 12 shares in the last quarter. Finally, Griffin Asset Management Inc. raised its stake in Equinix by 0.7% in the first quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock worth $1,444,000 after buying an additional 13 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Raouf Abdel sold 404 shares of the company's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the sale, the executive vice president directly owned 6,378 shares in the company, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Equinix Price Performance

NASDAQ EQIX opened at $787.08 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The stock's fifty day moving average price is $781.62 and its 200 day moving average price is $813.44. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The company has a market cap of $77.02 billion, a price-to-earnings ratio of 77.09, a PEG ratio of 1.41 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the firm earned $9.22 EPS. The firm's 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. As a group, equities research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were given a $4.69 dividend. This represents a $18.76 annualized dividend 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%.

Analysts Set New Price Targets

EQIX has been the subject of several analyst reports. Wall Street Zen upgraded Equinix from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Equinix in a report on Saturday, September 27th. Guggenheim initiated coverage on Equinix in a report on Thursday, July 10th. They set a "buy" rating and a $933.00 price objective for the company. Truist Financial increased their price objective on Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Mizuho decreased their price objective on Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a report on Tuesday, July 1st. Four analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $960.65.

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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