Insider Selling: Equinix (NASDAQ:EQIX) Director Sells 75 Shares of Stock

Key Points

• Equinix Director Christopher Paisley sold 75 shares of the company's stock at an average price of $781.50, resulting in a total transaction value of $58,612.50.
• The company recently announced a quarterly dividend of $4.69, with an annualized yield of 2.4%, despite a high payout ratio of 183.74%.
• Equinix reported earnings of $9.91 per share for the last quarter, significantly exceeding analysts' estimates, and the company's revenue increased by 4.5% year-over-year.

Equinix, Inc. (NASDAQ:EQIX - Get Free Report) Director Christopher Paisley sold 75 shares of the business's stock in a transaction that occurred 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 sale, the director directly 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 filing with the Securities & Exchange Commission, which is available at this link.

Equinix Price Performance

EQIX stock traded up $3.81 during midday trading on Tuesday, hitting $773.46. 301,326 shares of the stock were exchanged, compared to its average volume of 626,299. The stock's 50-day moving average price is $805.88 and its 200-day moving average price is $842.00. 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 stock has a market cap of $75.69 billion, a price-to-earnings ratio of 75.76, a PEG ratio of 1.41 and a beta of 0.90. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03.

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. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the company earned $9.22 EPS. Equinix's revenue was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be paid a $4.69 dividend. 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 payout ratio is presently 183.74%.

Hedge Funds Weigh In On Equinix

Several institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC boosted its position in Equinix by 40.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 12 shares during the period. Signaturefd LLC grew its position in shares of Equinix by 0.8% during the first quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock worth $1,182,000 after acquiring an additional 12 shares during the last quarter. AE Wealth Management LLC increased its holdings in shares of Equinix by 5.1% in the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock worth $202,000 after acquiring an additional 12 shares during the period. Gitterman Wealth Management LLC lifted its position in Equinix by 5.0% in the 1st 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. grew its position in Equinix by 0.7% in the 1st quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock worth $1,444,000 after purchasing an additional 13 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EQIX shares. Scotiabank decreased their price target on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating on the stock in a research note on Thursday, June 26th. JMP Securities reiterated a "market outperform" rating and issued a $1,200.00 price target on shares of Equinix in a report on Tuesday, July 22nd. Wall Street Zen downgraded Equinix from a "hold" rating to a "sell" rating in a report on Saturday. Wells Fargo & Company reduced their target price on Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. Finally, Wolfe Research cut shares of Equinix from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Five research 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.com, the company has a consensus rating of "Buy" and an average price target of $962.24.

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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