USS Investment Management Ltd Has $16.04 Million Position in Equinix, Inc. (NASDAQ:EQIX)

USS Investment Management Ltd reduced its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 10.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,004 shares of the financial services provider's stock after selling 2,061 shares during the period. USS Investment Management Ltd's holdings in Equinix were worth $16,035,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EQIX. Kestra Investment Management LLC bought a new stake in Equinix during the 4th quarter worth about $31,000. J.Safra Asset Management Corp bought a new stake in shares of Equinix during the fourth quarter worth approximately $39,000. Sierra Ocean LLC acquired a new position in Equinix in the fourth quarter valued at approximately $42,000. Thompson Investment Management Inc. bought a new position in Equinix in the fourth quarter valued at approximately $47,000. Finally, Cary Street Partners Financial LLC acquired a new stake in Equinix during the 4th quarter worth $52,000. Institutional investors own 94.94% of the company's stock.

Equinix Stock Down 0.4%

NASDAQ:EQIX traded down $3.04 during trading hours on Monday, reaching $863.46. 441,648 shares of the stock were exchanged, compared to its average volume of 525,863. The stock has a market cap of $84.46 billion, a PE ratio of 100.99, a PEG ratio of 1.78 and a beta of 0.97. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The firm has a 50 day moving average of $827.81 and a 200 day moving average of $891.59. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, beating analysts' consensus estimates of $9.01 by $0.66. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the firm earned $8.86 earnings per share. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be given a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $18.76 annualized dividend and a yield of 2.17%. Equinix's dividend payout ratio (DPR) is presently 195.01%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EQIX shares. Citizens Jmp raised Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Bank of America assumed coverage on Equinix in a report on Monday, May 19th. They set a "buy" rating and a $1,000.00 target price on the stock. Moffett Nathanson upgraded Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Oppenheimer increased their price target on shares of Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, JMP Securities restated a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a report on Friday. Two 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. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $1,004.65.

Insider Buying and Selling at Equinix

In other Equinix news, insider Kurt Pletcher sold 127 shares of the company's stock in a transaction 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 sale, the insider now directly owns 1,842 shares of the company's stock, valued at approximately $1,616,723.40. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $869.41, for a total transaction of $86,941.00. Following the completion of the sale, the director now owns 17,569 shares of the company's stock, valued at approximately $15,274,664.29. This represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

About Equinix

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.