Key Points
- Chairman Charles Meyers sold 5,224 shares on May 6 at an average price of $1,085.23 for about $5.67M, reducing his stake by 41.48% to 7,370 shares valued near $8.0M (SEC filing).
- Equinix reported Q1 EPS of $10.79 (vs. $4.30 consensus) and revenue of $2.44B (below the $2.52B estimate), and issued FY2026 EPS guidance of 42.310–43.110 while analysts average 37.72 for the year.
- The company declared a quarterly dividend of $5.16 (ex-dividend May 20, payable June 17), equal to a $20.64 annualized payout with a yield of 1.9% and a payout ratio of 142.84%.
Equinix, Inc. (NASDAQ:EQIX - Get Free Report) Chairman Charles Meyers sold 5,224 shares of the company's stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the transaction, the chairman owned 7,370 shares in the company, valued at $7,998,145.10. This trade represents a 41.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Equinix Trading Down 1.9%
Shares of NASDAQ EQIX opened at $1,066.76 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $105.20 billion, a PE ratio of 73.82, a PEG ratio of 2.05 and a beta of 1.01. Equinix, Inc. has a twelve month low of $710.52 and a twelve month high of $1,128.68. The stock has a fifty day simple moving average of $1,013.11 and a 200-day simple moving average of $877.22.
Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the company earned $9.67 EPS. Equinix's revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities analysts forecast that Equinix, Inc. will post 37.72 earnings per share for the current year.
Equinix Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be paid a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix's dividend payout ratio (DPR) is presently 142.84%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriflex Group Inc. increased its holdings in Equinix by 433.3% in the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider's stock valued at $25,000 after buying an additional 26 shares during the last quarter. Avion Wealth lifted its holdings in Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider's stock worth $25,000 after buying an additional 11 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Equinix during the 4th quarter worth about $30,000. Princeton Global Asset Management LLC boosted its position in shares of Equinix by 200.0% during the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider's stock worth $32,000 after acquiring an additional 28 shares in the last quarter. Finally, Physician Wealth Advisors Inc. increased its holdings in shares of Equinix by 266.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on EQIX. BMO Capital Markets upped their target price on shares of Equinix from $925.00 to $1,050.00 and gave the stock an "outperform" rating in a research note on Thursday, February 12th. Wells Fargo & Company boosted their price target on shares of Equinix from $975.00 to $1,200.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 21st. Mizuho upped their price objective on Equinix from $1,165.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Thursday. HSBC increased their price objective on Equinix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research note on Monday, April 27th. Finally, Evercore reiterated an "outperform" rating and issued a $1,240.00 target price on shares of Equinix in a report on Tuesday, April 28th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,143.60.
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About Equinix
(
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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.
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