Prudent Man Advisors LLC Has $781,000 Stake in Equinix, Inc. $EQIX

Prudent Man Advisors LLC decreased its position in Equinix, Inc. (NASDAQ:EQIX) by 41.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,019 shares of the financial services provider’s stock after selling 723 shares during the period. Prudent Man Advisors LLC’s holdings in Equinix were worth $781,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQIX. Cary Street Partners Investment Advisory LLC lifted its position in Equinix by 2.7% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock worth $382,000 after buying an additional 13 shares in the last quarter. IFP Advisors Inc lifted its position in Equinix by 2.2% in the 4th quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock worth $456,000 after buying an additional 13 shares in the last quarter. Crestwood Advisors Group LLC lifted its position in Equinix by 3.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock worth $304,000 after buying an additional 14 shares in the last quarter. Warwick Investment Management Inc. lifted its position in Equinix by 1.7% in the 4th quarter. Warwick Investment Management Inc. now owns 922 shares of the financial services provider’s stock worth $706,000 after buying an additional 15 shares in the last quarter. Finally, WPG Advisers LLC lifted its position in Equinix by 51.7% in the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Price Performance

Equinix stock opened at $1,080.95 on Monday. The company has a market capitalization of $106.60 billion, a P/E ratio of 74.81, a P/E/G ratio of 2.03 and a beta of 0.99. The firm’s fifty day simple moving average is $1,058.36 and its 200-day simple moving average is $914.55. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 1-year low of $710.52 and a 1-year high of $1,128.68.

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

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be issued a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is 142.84%.

Insider Transactions at Equinix

In related news, Chairman Charles J. Meyers sold 5,224 shares of Equinix stock in a transaction on Wednesday, May 6th. The shares were 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brandi Galvin Morandi sold 630 shares of Equinix stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $961.19, for a total transaction of $605,549.70. Following the completion of the transaction, the insider owned 10,394 shares in the company, valued at $9,990,608.86. This trade represents a 5.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 11,053 shares of company stock worth $11,569,731. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

EQIX has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. Sanford C. Bernstein initiated coverage on shares of Equinix in a research report on Thursday, March 5th. They issued an “outperform” rating and a $1,128.00 target price for the company. Barclays increased their target price on shares of Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Evercore reiterated an “outperform” rating and issued a $1,240.00 target price on shares of Equinix in a research report on Tuesday, April 28th. Finally, Morgan Stanley increased their target price on shares of Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,143.60.

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.