Equinix (NASDAQ:EQIX) Director Sells $137,947.50 in Stock

Equinix, Inc. (NASDAQ:EQIX) Director Christopher Paisley sold 125 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the completion of the transaction, the director owned 13,734 shares in the company, valued at $15,156,567.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Equinix Stock Up 0.5%

Shares of NASDAQ EQIX opened at $1,082.61 on Friday. The company has a 50 day simple moving average of $1,052.47 and a 200-day simple moving average of $1,022.18. The company has a market capitalization of $106.82 billion, a P/E ratio of 69.71, a P/E/G ratio of 1.53 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results 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. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the previous year, the company earned $9.91 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities research analysts predict that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be given a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is presently 132.90%.

Institutional Trading of Equinix

A number of large investors have recently made changes to their positions in the company. Avion Wealth lifted its stake in Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after buying an additional 11 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of Equinix by 166.7% in the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 15 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of Equinix during the fourth quarter worth approximately $30,000. Physician Wealth Advisors Inc. increased its holdings in shares of Equinix by 266.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 24 shares during the period. Finally, WPG Advisers LLC raised its position in Equinix by 51.7% in the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 15 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,270.00 price target on shares of Equinix in a research note on Monday, August 3rd. Scotiabank reissued a “sector perform” rating and issued a $1,208.00 price objective on shares of Equinix in a research report on Thursday, July 30th. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a $1,340.00 price target on shares of Equinix in a research note on Thursday, July 30th. Finally, Stifel Nicolaus raised their price objective on shares of Equinix from $1,250.00 to $1,265.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average price target of $1,203.40.

About Equinix

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.