Wealth Enhancement Advisory Services LLC Has $4.07 Million Stock Position in Equinix, Inc. $EQIX

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Equinix, Inc. by 13.4% during Q2, owning 5,169 shares valued at approximately $4.07 million.
• Equinix's most recent quarterly earnings reported earnings per share of $9.91, significantly surpassing the consensus estimate of $3.49.
• The company announced a quarterly dividend of $4.69, translating to an annual yield of 2.4%, despite a dividend payout ratio of 183.74%.

Wealth Enhancement Advisory Services LLC increased its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 13.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,169 shares of the financial services provider's stock after acquiring an additional 612 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Equinix were worth $4,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Truist Financial Corp lifted its stake in Equinix by 8.2% in the first quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider's stock valued at $42,643,000 after buying an additional 3,981 shares during the period. Elliott Investment Management L.P. acquired a new position in Equinix in the first quarter valued at approximately $122,302,000. Nisa Investment Advisors LLC lifted its stake in Equinix by 71.7% in the first quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider's stock valued at $60,690,000 after buying an additional 31,073 shares during the period. First United Bank & Trust acquired a new position in Equinix in the first quarter valued at approximately $451,000. Finally, Gradient Investments LLC lifted its stake in Equinix by 19.4% in the second quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider's stock valued at $19,635,000 after buying an additional 4,015 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EQIX shares. UBS Group dropped their price target 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. JMP Securities reissued a "market outperform" rating and issued a $1,200.00 price target on shares of Equinix in a research note on Tuesday, July 22nd. Barclays boosted their price objective on Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Wall Street Zen downgraded Equinix from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Finally, Bank of America decreased their price objective on Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Five analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Equinix presently has an average rating of "Buy" and a consensus target price of $962.52.

Equinix Trading Down 0.9%

Shares of Equinix stock opened at $782.88 on Friday. The stock has a fifty day simple moving average of $783.66 and a 200 day simple moving average of $817.11. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The company has a market capitalization of $76.61 billion, a P/E ratio of 76.68, 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 announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the company posted $9.22 earnings per share. Equinix's revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, sell-side analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were paid a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, August 20th. Equinix's dividend payout ratio is 183.74%.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the company'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 owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raouf Abdel sold 404 shares of the company's 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 transaction, the executive vice president owned 6,378 shares of the company's stock, valued at $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 corporate insiders.

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.

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