Voya Investment Management LLC Acquires 47,262 Shares of Equinix, Inc. $EQIX

Key Points

• Voya Investment Management LLC increased its holdings in Equinix by 27.0% during the first quarter, owning 222,442 shares valued at approximately $181.4 million.
• Insider sales were reported with EVP Raouf Abdel selling 404 shares for over $311,000, reflecting a 5.96% decrease in his ownership stake.
• Equinix's latest quarterly earnings exceeded expectations with an EPS of $9.91, significantly above the consensus estimate of $3.49, while revenue increased by 4.5% year-over-year.

Voya Investment Management LLC lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 27.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 222,442 shares of the financial services provider's stock after purchasing an additional 47,262 shares during the quarter. Voya Investment Management LLC owned approximately 0.23% of Equinix worth $181,368,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Cornerstone Planning Group LLC lifted its position in shares of 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 during the last quarter. Signaturefd LLC lifted its holdings in Equinix by 0.8% in the 1st quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock worth $1,182,000 after purchasing an additional 12 shares during the last quarter. AE Wealth Management LLC boosted its position in Equinix by 5.1% during the first quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock worth $202,000 after purchasing an additional 12 shares during the period. Gitterman Wealth Management LLC grew its holdings in Equinix by 5.0% during the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock valued at $206,000 after purchasing an additional 12 shares during the last quarter. Finally, Griffin Asset Management Inc. raised its position in shares of Equinix by 0.7% in the first quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock valued at $1,444,000 after purchasing an additional 13 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction dated 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 owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their position. The sale was disclosed in a legal filing 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 dated 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 transaction, the executive vice president directly owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on EQIX. Stifel Nicolaus decreased their price objective on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Guggenheim began coverage on shares of Equinix in a report on Thursday, July 10th. They set a "buy" rating and a $933.00 price target for the company. Wall Street Zen lowered Equinix from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. JPMorgan Chase & Co. boosted their price objective on Equinix from $935.00 to $940.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, BMO Capital Markets lowered Equinix from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $1,045.00 to $850.00 in a report on Thursday, June 26th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $962.52.

Equinix Price Performance

Shares of EQIX stock traded down $8.87 during trading hours on Friday, hitting $788.61. The company had a trading volume of 367,783 shares, compared to its average volume of 378,613. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The firm's fifty day moving average is $779.38 and its 200 day moving average is $822.30. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The firm has a market capitalization of $77.17 billion, a price-to-earnings ratio of 77.24, a PEG ratio of 1.41 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.49 by $6.42. The company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. Equinix's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous 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. On average, sell-side analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be paid a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. 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.