Jefferies Financial Group Inc. Purchases New Position in Equinix, Inc. $EQIX

Jefferies Financial Group Inc. acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the second quarter, HoldingsChannel reports. The institutional investor acquired 2,058 shares of the financial services provider’s stock, valued at approximately $2,145,000.

Several other institutional investors have also modified their holdings of EQIX. SJS Investment Consulting Inc. boosted its holdings in shares of Equinix by 27.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock valued at $41,000 after buying an additional 9 shares in the last quarter. Fulton Bank N.A. lifted its position in Equinix by 3.1% in the second quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 10 shares during the last quarter. Avion Wealth boosted 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 acquiring an additional 11 shares in the last quarter. Blue Trust Inc. increased its position in shares of Equinix by 1.3% during the first quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock worth $912,000 after purchasing an additional 12 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Equinix by 30.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of EQIX opened at $1,044.41 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $103.05 billion, a P/E ratio of 67.25, a P/E/G ratio of 1.48 and a beta of 0.99. The company’s fifty day moving average is $1,050.60 and its two-hundred day moving average is $1,031.29. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the company posted $9.91 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, sell-side analysts predict that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be paid a $5.16 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. Equinix’s payout ratio is 132.90%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EQIX shares. Cantor Fitzgerald raised their price target on Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Truist Financial increased their price objective on Equinix from $1,215.00 to $1,220.00 and gave the company a “buy” rating in a report on Friday, July 31st. Royal Bank Of Canada lifted their target price on shares of Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Barclays upped their price target on shares of Equinix from $1,109.00 to $1,130.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 1st. Finally, Evercore reissued an “outperform” rating and set a $1,270.00 price objective on shares of Equinix in a research report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,203.40.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the transaction, the director owned 13,734 shares of the company’s stock, valued at $15,156,567.72. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the sale, the insider owned 4,077 shares in the company, valued at $4,384,813.50. The trade was a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,986 shares of company stock worth $8,370,777 over the last three months. 0.27% of the stock is currently owned by corporate insiders.

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.