Amica Mutual Insurance Co. Continues to Hold Position in Equinix Inc. (EQIX)
Amica Mutual Insurance Co. continued to hold its stake in shares of Equinix Inc. (NASDAQ:EQIX) during the third quarter, Holdings Channel reports. The institutional investor owned 5,032 shares of the company’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in Equinix were worth $1,813,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new stake in shares of Equinix during the second quarter worth about $104,000. Integrated Investment Consultants LLC boosted its stake in shares of Equinix by 5.6% in the second quarter. Integrated Investment Consultants LLC now owns 284 shares of the company’s stock worth $110,000 after buying an additional 15 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Equinix by 9.0% in the second quarter. IFP Advisors Inc now owns 338 shares of the company’s stock worth $131,000 after buying an additional 28 shares during the last quarter. Creative Planning boosted its stake in shares of Equinix by 95.0% in the third quarter. Creative Planning now owns 351 shares of the company’s stock worth $126,000 after buying an additional 171 shares during the last quarter. Finally, AXA purchased a new stake in shares of Equinix during the second quarter worth about $155,000. 96.89% of the stock is currently owned by institutional investors.
Shares of Equinix Inc. (NASDAQ:EQIX) traded up 0.63% during mid-day trading on Tuesday, reaching $343.39. 431,992 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00. Equinix Inc. has a 52-week low of $255.45 and a 52-week high of $391.07.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $3.95 EPS for the quarter, beating the Zacks’ consensus estimate of $3.85 by $0.10. The company had revenue of $924.68 million for the quarter, compared to analysts’ expectations of $919.73 million. Equinix had a net margin of 2.23% and a return on equity of 3.68%. Equinix’s revenue was up 34.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. On average, equities research analysts forecast that Equinix Inc. will post $14.95 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Wednesday, November 16th will be paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Monday, November 14th. Equinix’s payout ratio is currently 648.15%.
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A number of equities research analysts have recently issued reports on the stock. Jefferies Group reaffirmed a “hold” rating on shares of Equinix in a report on Saturday, August 6th. Barclays PLC increased their price target on shares of Equinix from $360.00 to $372.00 and gave the company an “equal weight” rating in a report on Thursday, August 4th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $428.00 price target on shares of Equinix in a report on Tuesday, August 9th. RBC Capital Markets reissued an “outperform” rating and issued a $429.00 price target (up from $382.00) on shares of Equinix in a report on Wednesday, August 10th. Finally, Cowen and Company reissued an “outperform” rating and issued a $409.00 price target on shares of Equinix in a report on Thursday, September 22nd. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $401.97.
In related news, CFO Keith D. Taylor sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $341.75, for a total transaction of $341,750.00. Following the sale, the chief financial officer now owns 40,246 shares of the company’s stock, valued at approximately $13,754,070.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Charles J. Meyers sold 2,343 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $369.64, for a total transaction of $866,066.52. Following the sale, the chief operating officer now directly owns 3,988 shares in the company, valued at approximately $1,474,124.32. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.
Equinix Company Profile
Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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