Yousif Capital Management LLC Acquires 58 Shares of Equinix, Inc. $EQIX

Yousif Capital Management LLC raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,475 shares of the financial services provider’s stock after purchasing an additional 58 shares during the period. Yousif Capital Management LLC’s holdings in Equinix were worth $12,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EQIX. Activest Wealth Management grew its stake in shares of Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 17 shares during the last quarter. Atticus Wealth Management LLC acquired a new stake in shares of Equinix in the second quarter worth $29,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Equinix in the first quarter worth $30,000. Saudi Central Bank acquired a new stake in shares of Equinix in the first quarter worth $31,000. Finally, Quarry LP bought a new position in Equinix in the first quarter worth $31,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

EQIX has been the subject of several research reports. Wells Fargo & Company reduced their target price on Equinix from $1,065.00 to $925.00 and set an “overweight” rating for the company in a research report on Thursday, June 26th. Guggenheim began coverage on Equinix in a report on Thursday, July 10th. They set a “buy” rating and a $933.00 price objective for the company. Cfra Research cut Equinix from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. The Goldman Sachs Group cut their price objective on Equinix from $1,020.00 to $880.00 and set a “buy” rating for the company in a report on Wednesday, July 2nd. Finally, UBS Group cut their price objective on Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a report on Friday, July 11th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and an average price target of $960.65.

Insider Activity

In other news, EVP Raouf Abdel sold 404 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the transaction, the executive vice president directly owned 6,378 shares in the company, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the transaction, the director owned 17,832 shares of the company’s stock, valued at $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Equinix Price Performance

Shares of EQIX stock opened at $806.29 on Tuesday. The stock has a 50-day moving average price of $783.35 and a 200 day moving average price of $812.60. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The firm has a market cap of $78.90 billion, a price-to-earnings ratio of 78.97, a PEG ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 EPS 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 analyst estimates of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The company’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Research analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, August 20th. Equinix’s payout ratio is presently 183.74%.

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.