Jefferies Financial Group Inc. Has $4.76 Million Position in Equinix, Inc. (NASDAQ:EQIX)

Jefferies Financial Group Inc. decreased its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,046 shares of the financial services provider's stock after selling 554 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Equinix were worth $4,758,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC increased its holdings in Equinix by 1.9% during the fourth quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock worth $543,000 after buying an additional 11 shares during the last quarter. Legacy Financial Advisors Inc. increased its holdings in shares of Equinix by 3.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider's stock valued at $340,000 after purchasing an additional 11 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Equinix by 1.8% in the fourth quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock valued at $633,000 after purchasing an additional 12 shares during the last quarter. Great Lakes Retirement Inc. increased its holdings in shares of Equinix by 1.2% in the fourth quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock valued at $920,000 after purchasing an additional 12 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its holdings in shares of Equinix by 1.6% in the fourth quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider's stock valued at $713,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 127 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $877.70, for a total value of $111,467.90. Following the completion of the transaction, the insider now owns 1,842 shares of the company's stock, valued at $1,616,723.40. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the completion of the transaction, the director now directly owns 17,669 shares of the company's stock, valued at $16,117,838.49. This represents a 0.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,167 shares of company stock valued at $6,658,536. 0.27% of the stock is currently owned by corporate insiders.

Equinix Price Performance

EQIX traded up $8.03 on Thursday, hitting $867.24. 429,250 shares of the stock were exchanged, compared to its average volume of 525,444. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The business has a 50-day moving average of $823.93 and a two-hundred day moving average of $893.38. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market capitalization of $84.83 billion, a price-to-earnings ratio of 101.43, a PEG ratio of 1.78 and a beta of 0.97.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, topping the consensus estimate of $9.01 by $0.66. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.23 billion. Equinix had a return on equity of 6.31% and a net margin of 9.32%. The business's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.86 earnings per share. Sell-side analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.16%. The ex-dividend date is Wednesday, May 21st. Equinix's payout ratio is 195.01%.

Analyst Upgrades and Downgrades

EQIX has been the topic of several research reports. New Street Research upgraded shares of Equinix to a "strong-buy" rating in a report on Monday, April 28th. Citizens Jmp upgraded shares of Equinix to a "strong-buy" rating in a report on Monday, January 27th. Moffett Nathanson upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. JMP Securities reiterated a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday, May 1st. Finally, TD Securities boosted their target price on shares of Equinix from $978.00 to $1,018.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and six have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $1,004.89.

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.