VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Equinix, Inc. $EQIX

Key Points

• VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Equinix, Inc., purchasing 51,604 shares valued at approximately $41 million, representing about 0.05% of the company's stock.
• Equinix reported a quarterly earnings EPS of $9.91, significantly surpassing the consensus estimate of $3.49, with revenue totaling $2.26 billion.
• The company recently declared a quarterly dividend of $4.69 per share, reflecting an annual dividend yield of 2.3% despite a high payout ratio of 183.74%.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 51,604 shares of the financial services provider's stock, valued at approximately $41,049,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.05% of Equinix as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Valeo Financial Advisors LLC lifted its stake in Equinix by 298,148.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider's stock worth $6,488,728,000 after acquiring an additional 8,154,365 shares in the last quarter. Nuveen LLC acquired a new position in Equinix during the 1st quarter worth about $662,663,000. JPMorgan Chase & Co. lifted its stake in Equinix by 22.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock worth $1,296,871,000 after acquiring an additional 291,753 shares in the last quarter. National Bank of Canada FI lifted its stake in Equinix by 169.7% during the 1st quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider's stock worth $321,427,000 after acquiring an additional 248,075 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Equinix by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider's stock worth $10,523,576,000 after acquiring an additional 242,121 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Trading Up 0.1%

Shares of EQIX stock opened at $813.93 on Friday. The business's 50 day moving average is $786.53 and its two-hundred day moving average is $812.53. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The company has a market capitalization of $79.65 billion, a P/E ratio of 79.72, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

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

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of Equinix 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 sale, the director owned 17,832 shares of the company's stock, valued at $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the sale, the executive vice president directly owned 6,378 shares of the company's stock, valued at approximately $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 Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group decreased their target price on Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Weiss Ratings reissued a "hold (c)" rating on shares of Equinix in a research note on Wednesday, October 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $1,200.00 price target on shares of Equinix in a research report on Tuesday, July 22nd. Wall Street Zen lowered Equinix from a "hold" rating to a "sell" rating in a research report on Saturday, October 11th. Finally, Truist Financial increased their price target on Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $960.14.

Equinix 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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