AAFMAA Wealth Management & Trust LLC Has $933,000 Stake in Equinix, Inc. $EQIX

AAFMAA Wealth Management & Trust LLC reduced its stake in Equinix, Inc. (NASDAQ:EQIX) by 31.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,173 shares of the financial services provider’s stock after selling 545 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in Equinix were worth $933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in EQIX. Activest Wealth Management boosted its stake in shares of Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after buying an additional 17 shares during the period. Atticus Wealth Management LLC bought a new stake in shares of Equinix in the second quarter valued at approximately $29,000. GKV Capital Management Co. Inc. bought a new stake in shares of Equinix in the first quarter valued at approximately $30,000. Saudi Central Bank bought a new stake in shares of Equinix in the first quarter valued at approximately $31,000. Finally, Quarry LP bought a new stake in shares of Equinix in the first quarter valued at approximately $31,000. 94.94% of the stock is currently owned by institutional investors.

Equinix Stock Down 0.9%

Shares of EQIX opened at $782.88 on Friday. The stock has a market capitalization of $76.61 billion, a price-to-earnings ratio of 76.68, a PEG ratio of 1.41 and a beta of 0.92. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The stock has a fifty day moving average of $783.66 and a 200-day moving average of $817.11. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $6.42. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.Equinix’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, sell-side analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were issued a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, August 20th. Equinix’s dividend payout ratio is presently 183.74%.

Insiders Place Their Bets

In related news, EVP Raouf Abdel sold 404 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the sale, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. This represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the sale, the director owned 17,832 shares of the company’s stock, valued at $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EQIX. Scotiabank cut their target price on Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 26th. UBS Group cut their target price on Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a research note on Friday, July 11th. JMP Securities restated a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a research note on Tuesday, July 22nd. BMO Capital Markets cut Equinix from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Finally, Mizuho cut their target price on Equinix from $1,069.00 to $900.00 and set an “outperform” rating for the company in a research note on Tuesday, July 1st. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Equinix has a consensus rating of “Buy” and an average price target of $962.52.

About Equinix

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.