Equinix, Inc. (NASDAQ:EQIX - Get Free Report) insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction that occurred on Thursday, August 20th. The shares were 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. This represents a 3.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Equinix Trading Up 0.5%
NASDAQ EQIX opened at $1,082.61 on Friday. The stock has a market cap of $106.82 billion, a P/E ratio of 69.71, a PEG ratio of 1.53 and a beta of 0.99. The company's fifty day simple moving average is $1,052.47 and its 200-day simple moving average is $1,022.18. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68.
Equinix (NASDAQ:EQIX - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the firm posted $9.91 EPS. The firm's quarterly revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities research analysts predict that Equinix, Inc. will post 38.23 EPS for the current fiscal year.
Equinix Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $5.16 per share. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix's dividend payout ratio (DPR) is currently 132.90%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Elevation Wealth Partners LLC grew its position in shares of Equinix by 166.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider's stock worth $25,000 after acquiring an additional 15 shares in the last quarter. Avion Wealth raised its position in shares of Equinix by 73.3% during the 1st 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. Physician Wealth Advisors Inc. lifted its stake in Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider's stock worth $32,000 after purchasing an additional 24 shares during the last quarter. Trust Co. of Vermont bought a new position in Equinix during the second quarter worth $34,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Equinix in the fourth quarter worth $30,000. Institutional investors own 94.94% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently commented on EQIX. Truist Financial boosted their price target on Equinix from $1,215.00 to $1,220.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. JPMorgan Chase & Co. raised their price objective on Equinix from $1,100.00 to $1,200.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. TD Cowen lifted their price objective on Equinix from $1,143.00 to $1,166.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. The Goldman Sachs Group upped their target price on Equinix from $894.00 to $1,015.00 and gave the company a "neutral" rating in a research report on Thursday, April 30th. Finally, Zacks Research cut Equinix from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,203.40.
Read Our Latest Report on Equinix
Equinix Company Profile
(
Get Free Report)
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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