Comprehensive Financial Consultants Institutional Inc. purchased a new position in Equinix, Inc. (NASDAQ:EQIX – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,158 shares of the financial services provider’s stock, valued at approximately $1,171,000.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Equinix in the second quarter valued at $11,930,074,000. Principal Financial Group Inc. lifted its stake in Equinix by 1.4% during the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock worth $1,941,377,000 after purchasing an additional 27,643 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Equinix by 26,831.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock worth $1,291,648,000 after purchasing an additional 1,234,521 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Equinix during the 2nd quarter valued at about $1,181,260,000. Finally, Canada Pension Plan Investment Board bought a new position in Equinix during the second quarter valued at approximately $1,163,662,000. Institutional investors own 94.94% of the company’s stock.
Equinix Trading Up 0.0%
NASDAQ:EQIX opened at $996.26 on Friday. The company has a fifty day moving average of $1,039.57 and a 200 day moving average of $1,049.94. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The firm has a market capitalization of $98.30 billion, a P/E ratio of 64.15, a P/E/G ratio of 1.42 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.
Equinix (NASDAQ:EQIX – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating the consensus estimate of $4.73 by $7.05. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, research analysts predict that Equinix, Inc. will post 38.23 earnings per share for the current year.
Equinix Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were paid a $5.16 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 2.1%. Equinix’s dividend payout ratio (DPR) is presently 132.90%.
Insider Activity at Equinix
In related news, Director Christopher Paisley sold 4,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the transaction, the director owned 13,859 shares in the company, valued at $14,126,201.52. The trade was a 22.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Paladin sold 307 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total value of $317,748.07. Following the transaction, the insider directly owned 2,450 shares of the company’s stock, valued at $2,535,774.50. The trade was a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,770 shares of company stock worth $4,884,197 in the last 90 days. Company insiders own 0.27% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently commented on EQIX shares. JPMorgan Chase & Co. lifted their target price on shares of Equinix from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Mizuho upped their price target on shares of Equinix from $1,200.00 to $1,275.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Truist Financial upped their price target on shares of Equinix from $1,215.00 to $1,220.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings cut Equinix from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. Finally, Jefferies Financial Group restated a “buy” rating and set a $1,340.00 target price (up from $1,300.00) on shares of Equinix in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,206.55.
View Our Latest Research Report on Equinix
Equinix Profile
Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.
The company’s services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.
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