Equinix (NASDAQ:EQIX) Director Sells $132,536.25 in Stock

Equinix, Inc. (NASDAQ:EQIX) Director Christopher Paisley sold 125 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total value of $132,536.25. Following the transaction, the director directly owned 17,557 shares in the company, valued at approximately $18,615,511.53. This trade represents a 0.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $1,078.42 on Friday. The business’s 50 day moving average price is $1,035.69 and its two-hundred day moving average price is $894.31. The company has a market cap of $106.35 billion, a PE ratio of 74.63, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a twelve month low of $710.52 and a twelve month high of $1,128.68.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, analysts predict that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be given a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s payout ratio is 142.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Citigroup reissued an “outperform” rating on shares of Equinix in a research report on Thursday, April 30th. Jefferies Financial Group boosted their price objective on Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. The Goldman Sachs Group boosted their price objective on Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. TD Cowen boosted their price objective on Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Scotiabank boosted their price objective on Equinix from $1,050.00 to $1,120.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Equinix has an average rating of “Moderate Buy” and an average target price of $1,143.60.

Institutional Investors Weigh In On Equinix

A number of institutional investors have recently made changes to their positions in EQIX. Brighton Jones LLC boosted its holdings in shares of Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 73 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of Equinix by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock valued at $425,000 after buying an additional 54 shares during the period. Empowered Funds LLC boosted its stake in shares of Equinix by 21.8% in the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after buying an additional 546 shares during the period. Schnieders Capital Management LLC. bought a new stake in shares of Equinix in the second quarter valued at approximately $231,000. Finally, Brown Advisory Inc. boosted its stake in shares of Equinix by 2.8% in the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock valued at $854,000 after buying an additional 29 shares during the period. Institutional investors own 94.94% of the company’s stock.

Equinix Company 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.