S Bank Fund Management Ltd Has $6.37 Million Stock Holdings in Equinix, Inc. $EQIX

Key Points

• S Bank Fund Management Ltd reduced its holdings in Equinix, Inc. by 10% during Q2, now holding shares worth $6.37 million.
• Equinix recently reported quarterly earnings of $9.91 per share, significantly exceeding the consensus estimate of $3.49, with a year-over-year revenue increase of 4.5%.
• The company declared a quarterly dividend of $4.69 per share, reflecting an annual yield of 2.3%, despite a high dividend payout ratio of 183.74%.

S Bank Fund Management Ltd trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,013 shares of the financial services provider's stock after selling 887 shares during the quarter. Equinix makes up 0.9% of S Bank Fund Management Ltd's holdings, making the stock its 26th biggest holding. S Bank Fund Management Ltd's holdings in Equinix were worth $6,374,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EQIX. New York State Teachers Retirement System lifted its stake in shares of Equinix by 2.7% in the second quarter. New York State Teachers Retirement System now owns 76,976 shares of the financial services provider's stock worth $61,232,000 after acquiring an additional 1,990 shares during the period. Rosenberg Matthew Hamilton lifted its stake in shares of Equinix by 116.7% in the second quarter. Rosenberg Matthew Hamilton now owns 39 shares of the financial services provider's stock worth $31,000 after acquiring an additional 21 shares during the period. Mutual Advisors LLC lifted its stake in shares of Equinix by 15.3% in the second quarter. Mutual Advisors LLC now owns 899 shares of the financial services provider's stock worth $721,000 after acquiring an additional 119 shares during the period. Ritholtz Wealth Management lifted its stake in shares of Equinix by 17.7% in the second quarter. Ritholtz Wealth Management now owns 843 shares of the financial services provider's stock worth $671,000 after acquiring an additional 127 shares during the period. Finally, Sagespring Wealth Partners LLC lifted its stake in shares of Equinix by 9.6% in the second quarter. Sagespring Wealth Partners LLC now owns 790 shares of the financial services provider's stock worth $629,000 after acquiring an additional 69 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Trading Up 0.6%

NASDAQ EQIX opened at $822.24 on Thursday. The company has a market cap of $80.46 billion, a price-to-earnings ratio of 80.53, a P/E/G ratio of 1.41 and a beta of 0.92. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The business has a 50 day moving average price of $785.11 and a 200-day moving average price of $812.70. 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 released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 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 during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $9.22 earnings per share. The company'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. As a group, equities analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

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

Insider Buying and Selling at Equinix

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EQIX shares. The Goldman Sachs Group dropped their price target on Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Wells Fargo & Company dropped their price target on Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Mizuho dropped their price target on Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 1st. Barclays boosted their price target on Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. Finally, Cowen reissued a "buy" rating on shares of Equinix in a research note on Thursday, July 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price 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.

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.