First Fiduciary Investment Counsel Inc. Grows Stock Position in Equinix, Inc. $EQIX

First Fiduciary Investment Counsel Inc. raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 54.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 16,635 shares of the financial services provider’s stock after acquiring an additional 5,881 shares during the period. Equinix comprises about 2.6% of First Fiduciary Investment Counsel Inc.’s investment portfolio, making the stock its 15th biggest position. First Fiduciary Investment Counsel Inc.’s holdings in Equinix were worth $13,233,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EQIX. Valeo Financial Advisors LLC raised its stake in shares of Equinix by 298,148.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock valued at $6,488,728,000 after buying an additional 8,154,365 shares during the last quarter. Nuveen LLC purchased a new position in shares of Equinix during the 1st quarter valued at about $662,663,000. JPMorgan Chase & Co. raised its stake in shares of Equinix by 22.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock valued at $1,296,871,000 after buying an additional 291,753 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Equinix by 169.7% during the 1st quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider’s stock valued at $321,427,000 after buying an additional 248,075 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Equinix by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock valued at $10,523,576,000 after purchasing an additional 242,121 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. BMO Capital Markets lowered Equinix from an “outperform” rating to a “market perform” rating and cut their price target for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Scotiabank cut their price target 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. Barclays lifted their price target on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 20th. The Goldman Sachs Group cut their price target on Equinix from $1,020.00 to $880.00 and set a “buy” rating for the company in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. lifted their price target on Equinix from $935.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and an average price target of $960.65.

Equinix Trading Down 1.0%

EQIX stock opened at $800.60 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The stock has a market cap of $78.35 billion, a price-to-earnings ratio of 78.41, a PEG ratio of 1.40 and a beta of 0.92. The business’s 50-day moving average is $782.79 and its 200 day moving average is $812.79.

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

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix’s payout ratio is presently 183.74%.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the sale, the director owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares in the company, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Equinix Company Profile

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.