First Fiduciary Investment Counsel Inc. Purchases 5,881 Shares of Equinix, Inc. $EQIX

First Fiduciary Investment Counsel Inc. increased its position in Equinix, Inc. (NASDAQ:EQIX) by 54.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,635 shares of the financial services provider’s stock after purchasing an additional 5,881 shares during the quarter. Equinix makes up about 2.6% of First Fiduciary Investment Counsel Inc.’s portfolio, making the stock its 15th biggest position. First Fiduciary Investment Counsel Inc.’s holdings in Equinix were worth $13,233,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. PDS Planning Inc grew its stake in Equinix by 6.4% in the second quarter. PDS Planning Inc now owns 619 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 37 shares in the last quarter. Blue Trust Inc. grew its stake in Equinix by 5.0% in the second quarter. Blue Trust Inc. now owns 965 shares of the financial services provider’s stock worth $767,000 after purchasing an additional 46 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Equinix by 47.7% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 4,774 shares of the financial services provider’s stock valued at $3,798,000 after acquiring an additional 1,541 shares in the last quarter. Stiles Financial Services Inc boosted its position in Equinix by 5.2% during the 2nd quarter. Stiles Financial Services Inc now owns 510 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 25 shares in the last quarter. Finally, Callan Family Office LLC boosted its position in Equinix by 388.3% during the 2nd quarter. Callan Family Office LLC now owns 3,496 shares of the financial services provider’s stock valued at $2,781,000 after acquiring an additional 2,780 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EQIX. Dbs Bank raised Equinix to a “moderate buy” rating in a research report on Wednesday, August 6th. Stifel Nicolaus dropped their target price on Equinix from $1,050.00 to $1,010.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Wall Street Zen cut Equinix from a “hold” rating to a “sell” rating in a research report on Saturday. Cfra Research cut Equinix from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a research report on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average price target of $960.65.

Equinix Stock Down 1.0%

Equinix stock opened at $800.60 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $78.35 billion, a price-to-earnings ratio of 78.41, a PEG ratio of 1.40 and a beta of 0.92. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The business has a fifty day moving average price of $782.79 and a 200-day moving average price of $812.79.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $6.42. The firm 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 business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter 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 research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were paid a $4.69 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. Equinix’s dividend payout ratio (DPR) is 183.74%.

Insiders Place Their Bets

In related news, Director Christopher B. Paisley sold 75 shares of the firm’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 trade represents a 0.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was 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. Company insiders own 0.27% of the company’s stock.

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.