Pacer Advisors Inc. decreased its stake in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,839 shares of the financial services provider’s stock after selling 7,813 shares during the quarter. Pacer Advisors Inc. owned approximately 0.08% of Equinix worth $62,702,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Oregon Public Employees Retirement Fund increased its position in Equinix by 0.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,205 shares of the financial services provider’s stock worth $8,585,000 after buying an additional 49 shares in the last quarter. Ameritas Advisory Services LLC increased its position in Equinix by 1,571.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 468 shares of the financial services provider’s stock worth $358,000 after buying an additional 440 shares in the last quarter. Independent Advisor Alliance increased its position in Equinix by 4.7% in the fourth quarter. Independent Advisor Alliance now owns 580 shares of the financial services provider’s stock worth $444,000 after buying an additional 26 shares in the last quarter. World Investment Advisors increased its position in Equinix by 31.8% in the fourth quarter. World Investment Advisors now owns 842 shares of the financial services provider’s stock worth $645,000 after buying an additional 203 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in Equinix by 9.8% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 50,304 shares of the financial services provider’s stock worth $38,541,000 after buying an additional 4,500 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.
Insider Activity at Equinix
In related news, EVP Raouf Abdel sold 584 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $965.69, for a total transaction of $563,962.96. Following the completion of the transaction, the executive vice president directly owned 7,768 shares of the company’s stock, valued at approximately $7,501,479.92. This represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan Lin sold 635 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $965.71, for a total value of $613,225.85. Following the transaction, the insider directly owned 10,788 shares of the company’s stock, valued at approximately $10,418,079.48. The trade was a 5.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 11,604 shares of company stock valued at $11,848,264 in the last 90 days. 0.27% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Read Our Latest Stock Report on EQIX
Equinix Stock Performance
NASDAQ:EQIX opened at $1,077.28 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 12-month low of $710.52 and a 12-month high of $1,128.68. The stock has a 50-day moving average price of $1,022.46 and a 200 day moving average price of $884.32. The stock has a market capitalization of $106.24 billion, a P/E ratio of 74.55, a P/E/G ratio of 2.03 and a beta of 1.01.
Equinix (NASDAQ:EQIX – Get Free Report) last released its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the business posted $9.67 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts forecast that Equinix, Inc. will post 37.72 EPS for the current fiscal year.
Equinix Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be given a dividend of $5.16 per share. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix’s dividend payout ratio (DPR) is currently 142.84%.
Equinix Profile
Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.
Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.
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