HM Payson & Co. grew its holdings in Equinix, Inc. (REIT) (NASDAQ:EQIX) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 820 shares of the financial services provider’s stock after purchasing an additional 144 shares during the quarter. HM Payson & Co.’s holdings in Equinix were worth $586,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EQIX. Uniplan Investment Counsel Inc. boosted its position in Equinix by 4.2% during the fourth quarter. Uniplan Investment Counsel Inc. now owns 108,023 shares of the financial services provider’s stock worth $77,148,000 after acquiring an additional 4,349 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Equinix by 2.4% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,635 shares of the financial services provider’s stock worth $3,755,000 after acquiring an additional 39 shares during the last quarter. Claudia M.P. Batlle CRP R LLC boosted its position in Equinix by 14.3% during the fourth quarter. Claudia M.P. Batlle CRP R LLC now owns 4,684 shares of the financial services provider’s stock worth $3,345,000 after acquiring an additional 585 shares during the last quarter. Carderock Capital Management Inc. acquired a new position in shares of Equinix in the 4th quarter valued at $1,421,000. Finally, IBM Retirement Fund boosted its holdings in shares of Equinix by 14.4% in the 4th quarter. IBM Retirement Fund now owns 3,271 shares of the financial services provider’s stock valued at $2,336,000 after purchasing an additional 411 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

In related news, CEO Charles J. Meyers sold 2,602 shares of the business’s stock in a transaction that occurred on Monday, February 22nd. The shares were sold at an average price of $667.96, for a total value of $1,738,031.92. Following the sale, the chief executive officer now directly owns 17,916 shares in the company, valued at approximately $11,967,171.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karl Strohmeyer sold 759 shares of the business’s stock in a transaction that occurred on Monday, February 22nd. The stock was sold at an average price of $667.08, for a total transaction of $506,313.72. Following the completion of the sale, the insider now owns 12,327 shares in the company, valued at $8,223,095.16. The disclosure for this sale can be found here. Insiders sold a total of 26,722 shares of company stock worth $18,731,932 over the last quarter. Insiders own 0.51% of the company’s stock.

EQIX stock opened at $684.45 on Thursday. Equinix, Inc. has a 52 week low of $586.73 and a 52 week high of $839.77. The company has a market capitalization of $61.11 billion, a price-to-earnings ratio of 134.21, a price-to-earnings-growth ratio of 1.99 and a beta of 0.31. The firm’s 50-day moving average is $659.35 and its two-hundred day moving average is $717.67. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.96.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Tuesday, February 9th. The financial services provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.96). Equinix had a return on equity of 4.62% and a net margin of 7.58%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the firm posted $1.46 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts predict that Equinix, Inc. will post 21.85 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 17th. Investors of record on Wednesday, February 24th were issued a $2.87 dividend. This is an increase from Equinix’s previous quarterly dividend of $2.66. This represents a $11.48 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Tuesday, February 23rd. Equinix’s payout ratio is presently 50.33%.

A number of equities analysts have weighed in on EQIX shares. Credit Suisse Group lifted their price target on shares of Equinix from $915.00 to $942.00 and gave the company an “outperform” rating in a report on Thursday, February 11th. TheStreet downgraded shares of Equinix from a “b-” rating to a “c+” rating in a research note on Wednesday, January 6th. Evercore ISI assumed coverage on shares of Equinix in a research note on Wednesday, March 17th. They set an “outperform” rating and a $820.00 price target on the stock. Mizuho dropped their price target on shares of Equinix from $800.00 to $750.00 and set a “buy” rating on the stock in a research note on Thursday, March 18th. Finally, Citigroup decreased their price objective on shares of Equinix from $883.00 to $849.00 and set a “buy” rating for the company in a report on Friday, February 12th. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $819.30.

About Equinix

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.

Further Reading: Analyzing a company’s cash flow statement

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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