Vident Advisory LLC Trims Stake in Equinix, Inc. $EQIX

Key Points

• Vident Advisory LLC has reduced its stake in Equinix, Inc. by 7.2%, now holding 14,460 shares valued at approximately $11.79 million.
• Equinix's recent quarterly earnings report showed an earnings per share (EPS) of $9.91, significantly beating analyst estimates of $3.49.
• A quarterly dividend of $4.69 per share was announced, reflecting a yield of 2.4% and a dividend payout ratio of 183.74%.

Vident Advisory LLC reduced its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,460 shares of the financial services provider's stock after selling 1,123 shares during the quarter. Vident Advisory LLC's holdings in Equinix were worth $11,791,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQIX. Pinney & Scofield Inc. purchased a new stake in Equinix in the 4th quarter worth about $28,000. GKV Capital Management Co. Inc. purchased a new stake in Equinix in the 1st quarter worth about $30,000. Whipplewood Advisors LLC raised its position in Equinix by 127.8% in the 1st quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock worth $33,000 after purchasing an additional 23 shares during the period. Cornerstone Planning Group LLC raised its position in Equinix by 40.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after purchasing an additional 12 shares during the period. Finally, Pacific Center for Financial Services raised its position in Equinix by 65.2% in the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after purchasing an additional 15 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EQIX. Cfra Research lowered shares of Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. Cowen reissued a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. Dbs Bank raised shares of Equinix to a "moderate buy" rating in a research report on Wednesday, August 6th. Stifel Nicolaus reduced their target price on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Finally, Mizuho reduced their target price on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 1st. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $962.52.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director directly owned 17,832 shares of the company's stock, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adaire Fox-Martin sold 2,949 shares of Equinix stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the transaction, the chief executive officer directly owned 9,615 shares in the company, valued at approximately $8,508,409.65. The trade was a 23.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Equinix Stock Performance

Shares of NASDAQ:EQIX opened at $786.19 on Friday. The firm has a market cap of $76.94 billion, a PE ratio of 77.00, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90. The firm's 50 day simple moving average is $786.16 and its 200-day simple moving average is $833.85. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. 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 (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. Equinix's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, equities analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's dividend payout ratio (DPR) is presently 183.74%.

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.

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