Quilter Plc Buys 14,664 Shares of Equinix, Inc. $EQIX

Quilter Plc lifted its stake in Equinix, Inc. (NASDAQ:EQIX) by 15.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,747 shares of the financial services provider’s stock after buying an additional 14,664 shares during the period. Equinix comprises approximately 1.5% of Quilter Plc’s holdings, making the stock its 23rd largest holding. Quilter Plc’s holdings in Equinix were worth $85,958,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. raised its stake in Equinix by 190.9% during the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Equinix in the 2nd quarter worth about $26,000. Bank of Jackson Hole Trust increased its position in shares of Equinix by 70.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 14 shares in the last quarter. Abound Wealth Management lifted its holdings in Equinix by 209.1% during the 3rd quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 23 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd bought a new position in Equinix during the 2nd quarter valued at about $28,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the subject of several recent analyst reports. Daiwa Capital Markets set a $917.00 price objective on shares of Equinix and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Wall Street Zen cut Equinix from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Citigroup reissued a “buy” rating on shares of Equinix in a research note on Thursday, December 11th. UBS Group set a $959.00 target price on Equinix in a report on Wednesday, January 14th. Finally, HSBC set a $1,050.00 price target on Equinix and gave the company a “buy” rating in a report on Thursday, January 15th. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Equinix has an average rating of “Moderate Buy” and a consensus price target of $959.64.

Insiders Place Their Bets

In other news, CFO Keith D. Taylor sold 2,051 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $804.17, for a total value of $1,649,352.67. Following the transaction, the chief financial officer directly owned 26,373 shares in the company, valued at $21,208,375.41. This trade represents a 7.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Raouf Abdel sold 927 shares of Equinix stock in a transaction on Friday, January 16th. The stock was sold at an average price of $801.78, for a total value of $743,250.06. Following the sale, the executive vice president directly owned 7,337 shares of the company’s stock, valued at approximately $5,882,659.86. This trade represents a 11.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 19,590 shares of company stock valued at $15,366,046 over the last three months. 0.27% of the stock is owned by insiders.

Equinix Trading Down 0.2%

Shares of EQIX opened at $791.27 on Friday. The stock’s fifty day simple moving average is $764.83 and its 200-day simple moving average is $782.91. The firm has a market capitalization of $77.69 billion, a PE ratio of 72.46, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $953.41. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same period last year, the company earned $9.05 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. As a group, research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th were paid a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, November 19th. Equinix’s payout ratio is 171.79%.

Equinix Profile

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.